Release date: 3 May 2021
Promoter – Financial Intermediary
HRVATSKA BANKA ZA OBNOVU I RAZVITAKLocation
Description
Risk sharing instrument under the European Guarantee Fund (EGF) to improve financing conditions of mid-caps in Croatia.
Objectives
Linked risk-sharing operation under the European Guarantee Fund (EGF) for mid-caps and other eligible entities in Croatia, aiming to mobilise funding resources to respond to the economic impact of the COVID-19 pandemic. The supported final recipients are the ones considered: (i) viable in the long-term; (ii) meet the lender's requirements for commercial financing, were it not for the economic impact of the COVID-19 pandemic. In line with the EGF, this is a limited-time intervention.
Comments
At the request of the client, this project will be published after it is approved by the EIB government body.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 163 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 - 14/06/2021
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).