Project description
and objectives:
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The EBRD is considering making a senior loan of up to EUR 50 million in the form of a credit line for SMEs to Privredna banka Zagreb d.d. in Croatia
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Transition impact:
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The Bank’s financing will support the second largest banking group in Croatia to enhance access to funding for PBZ’s SME clients. SMEs continue to need working capital and investment funding, but financial resources available to support lending to this sector have become very constrained as the external
sources of funding are limited. The EBRD’s facility will increase the provision of funding available to be channelled to the SME sector and will therefore contribute to maintaining access of private companies to financing required for production, trade and services.
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The client:
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Privredna Banka Zagreb d.d. (PBZ) is the second largest bank in Croatia according to assets size, owned by Banka Intesa San Paolo through Intesa SanPaolo Holding International (76.6%), EBRD (20.9%), and minority shareholders. At the end 2008, PBZ had EUR 8.7 billion in assets, EUR 1.2 billion in equity and recorded EUR 150 million of profit.
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EBRD finance:
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EUR 50 million long-term senior loan in the form of a credit line for SMEs to Privredna banka Zagreb d.d.
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Total project cost:
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EUR 50 million.
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Environmental impact:
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Screened FI (2008).
PBZ will be required to continue to comply with national legal requirements and with the EBRD's Environmental and Social Procedures for Local Banks. This will include adherence to the EBRD's Environmental and Social Exclusion and Referral Lists, and submission of annual environmental and social reports to the Bank.
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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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Jadranka Primorac
Executive Director, Financial Institutions and Special Financing Division ; Privredna banka Zagreb d.d.
tel: +385 1 6360 000
e-mail: jadranka.primorac@pbz.hr
Website: www. pbz.hr
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EBRD contact:
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Ivana Milicic, Operation Leader: milicici@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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Public Information
Policy (PIP):
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The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
Text of the PIP
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Independent Recourse
Mechanism (IRM):
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The EBRD has established the IRM to give local groups that may be directly and adversely affected by a Bank project a means of raising complaints or grievances with the Bank, independently from banking operations.
Guidelines for Making a complaint and the Rules of procedures
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