CEDB CO-FINANCING FACILITY

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 13538

Status Complete

Location

Croatia

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 13538

Status Complete

Location

Croatia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

30 Jan 2001

Disclosure date

17 Jan 2001

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

Proposed credit line to the Croatian Bank for Reconstruction and Development (HBOR) for financing small and medium-sized enterprises (SMEs), to be co-financed by the EBRD and the Council of Europe Development Bank.

The proceeds of the facility would be used by HBOR to fund long-term investment projects in the SME sector, either directly or through commercial banks.

Transition Impact

By promoting the SME sector, which generally has a higher growth rate and generates more employment than large enterprises, the co-financing facility will contribute to private sector development in Croatia. In addition, the facility will help to mitigate the lack of long-term funding in the domestic financial system.

The Client

HBOR is a wholly state owned development bank, established in 1992 to facilitate the development and reconstruction of the Croatian economy. HBOR’s loan programmes, which are offered either directly or through commercial banks, are designed to contribute to the development of infrastructure, private SMEs, tourism and other priority sectors.

EBRD Finance

The co-financing facility would comprise an EBRD loan of EUR12 million and a loan of EUR8 million from the Council of Europe Development Bank.

Project Cost

EUR20 million

Environmental Impact

Environmental risks and opportunities may be associated with the individual transactions financed through HBOR’s credit line. For this reason, HBOR will be required to conduct environmental due diligence on sub-loans to identify and address such risks. HBOR has some experience of employing the EBRD’s Environmental Procedures for Financial Institutions through a tourism credit line.

Reconstruction of war-affected regions is typically associated with environmental contamination. Opportunities for supporting environmental clean-up, energy efficiency and cleaner production should be encouraged in all sub-loans.

Technical Cooperation

None.

Company Contact

Transition impact

ETI Score:60

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

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. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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