ESB G4M ENHANCED SUPPORT FOR MIDCAPS

Promoteur – Intermédiaire Financier

ERSTE & STEIERMAERKISCHE BANK DD

Lieu

• Croatie

Description

The operation consists of a "Linked Risk Sharing Guarantee" on a new loan portfolio provided by the intermediary, ERSTE & STEIERMAERKISCHE BANK DD (ERSTE or ESB), to mid-caps in Croatia.

Additionality and Impact

This Linked risk sharing operation is designed to provide support to Mid-caps in Croatia in order to foster their access to finance and contribute to the long-term economic growth. The proposed risk sharing operation target Croatian MidCaps, a segment of the Croatian business fabric which is not covered by other National and European initiatives. Specifically, the guarantee will address the funding needs of Croatian midcaps in their growth ambitions, providing benefits such as higher financing volumes, risk-taking support, or reduced collateral requirements thereby alleviating some of the pressures faced by the real economy and contributing to job security and growth.

The Financial Intermediary of the present operation is an established player in the target market and a repeat client of the EIB Group, having successfully implemented previous operations. The guarantee may alleviate capital and credit related concerns of the Financial Intermediary and thereby free up additional lending capacity. The operation is expected to carry a signalling effect, thereby crowding in other parties.

Objectifs

Through the intermediary, the aim is to support the final beneficiaries in funding their investment and growth efforts as well as their working capital needs. The EIB guarantee will also enhance ESB's lending capacity and risk appetite on a "semi-granular" portfolio of mid-cap loans which will benefit from a financial advantage in their risk pricing and cost of lending. Additionally, the EIB support will attract diverse funding sources for Croatian mid-cap businesses.

Secteur(s)

• Lignes de crédit - Lignes de crédit

Montant BEI envisagé (montant approximatif)

EUR 100 million

Coût total (montant approximatif)

EUR 280 million

Aspects environnementaux

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Passation des marchés

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Statut

Signé - 28/02/2025