Project description
and objectives:
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Proposed €30 million senior loan to Raiffeisenbank Austria d.d. (RBCR) based in Zagreb, Croatia. The facility would allow RBCR to extend its lending operations and to provide medium-term funding to local companies in Croatia. The project objectives are to extend RBCR’s lending operations and to provide medium-term funding to Croatian companies.
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Transition impact:
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The EBRD funding would stimulate growth within the private SME sector. As there is still a massive lack of medium-term financing available in the market, this facility will help to fill this gap.
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The client:
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RBCR is one of the best performing banks in Croatia. RBCR was established as the first foreign bank in Croatia on 12 December 1994. The bank has a full banking licence for domestic and cross-border operations. Besides headquarters in Zagreb, RBCR has a network of branch offices throughout Croatia.
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EBRD finance:
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€30 million 5-year senior loan.
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Total project cost:
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€30 million.
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Environmental impact:
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RBCR will be required to adopt and implement EBRD’s Environmental Procedures for Local Banks, comply with the Bank’s Financial Intermediary environmental exclusion list and report annually to the EBRD on the environmental aspects of its activities. Sub-loans will be required to comply with national health, safety and environmental 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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Tajana Mrkic, Operation Leader: mrkict@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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