Project description
and objectives:
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A proposed up to EUR 20 million dedicated mortgage finance facility with 12 years maturity. The proposed facility would enable HVB to make long-term housing loans to private customers for the purpose of purchasing (or renovating) their residences in Croatia.
The mortgage facility would enable HVB to make long-term housing loans to individuals in Croatia.
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Transition impact:
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Expected transition impact derives from development and enhanced competition in the provision of mortgage finance in Croatia.
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The client:
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HVB Bank Croatia d.d., a subsidiary of Bank Austria Group, headquartered in Zagreb, with assets in excess of €405 million and capital of €45.8 million as of December 2001.
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EBRD finance:
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A proposed loan of € 20 million to HVB with a maturity of 12 years.
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Total project cost:
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€ 20 million
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Environmental impact:
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HVB would assess environmental issues associated with housing loans as part of its property surveys. Sub-loans are required to comply, with national health, safety and environmental regulations and standards. HVB would report to the Bank annually on environmental health and safety matters.
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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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