Release date: 22 July 2015
Promoter – Financial Intermediary
HRVATSKA BANKA ZA OBNOVU I RAZVITAKLocation
Description
The proposed guarantee operation would be structured as a risk-sharing instrument to cover up to 50% of credit risk associated with a portfolio of existing corporate loans outstanding on HBOR's balance sheet. As a condition and with the resources made available by the guarantee, HBOR will grant new loans to mid-caps and other eligible promoters. The new loans will not be covered by the guarantee.
Objectives
The proposed guarantee instrument is designed to facilitate the financial intermediary to finance new loans for mid-caps and other priority projects.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 100 million
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 21/11/2016