Project description
and objectives:
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Medium-term €20 million credit facility to Slavonska Banka (SBO) for on-lending, particularly to small and medium-sized enterprises (SMEs). SBO will also have the flexibility to issue guarantees.
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Transition impact:
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The project will have an impact on the transition process by stimulating the growth of the private SME sector and by strengthening the institutional capacity of SBO.
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The client:
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SBO is one of the largest regional banks in Croatia and the dominant financial institution in the eastern Slavonia region. It is the sixth-largest bank in the country. Its two-largest shareholders are Karntner Landes- und Hypothekenbank Aktiengesellschaft from Klagenfurt, Austria, and the EBRD.
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EBRD finance:
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€20 million five-year credit facility for on-lending to SMEs.
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Total project cost:
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€20 million.
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Environmental impact:
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SBO will follow EBRD's Environmental Procedures for Local Banks in relation to all sub-loans financed through the credit line. In implementing these procedures, SBO will assess potential environmental issues associated with sub-projects, which are required to comply, at a minimum, with local/national health, safety, environmental and public consultation requirements.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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EBRD contact:
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Maria-Luisa Cicognani, Operation Leader: cicognam@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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