HVB CROATIA (F. BA/CA CROATIA)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 3468

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 3468

Status Complete

Location

Croatia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

24 Sep 1996

Disclosure date

10 Dec 1998

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

Bank Austria Creditanstalt Croatia d.d. is a universal bank with a full banking licence. Its headquarters are in Zagreb and it has branches throughout the region. Its core business includes provision of loans and guarantees, treasury and foreign exchange services, deposit and term account maintenance, payment transfers for the corporate and retail private sector and tourist-related services (money exchange, credit cards). Bank Austria Creditanstalt AG, Vienna, is the parent company and has provided significant management and credit support.

The project aims to expand the operations of Bank Austria Creditanstalt Croatia d.d., which will allow: (i) the expansion of corporate lending to local and international small and medium-sized enterprises (SMEs); (ii) expansion of retail operations with provision of mortgage lending business; (iii) the establishment of a building society; and (iv) the opening of new branches

Transition Impact

The project will assist the transition process by:

introducing new financial products and by establishing a building society that will develop the local mortgage market;
increasing competition for the corporate and retail sector by providing competitive pricing and high-quality services;
providing medium / long-term funding for private enterprises in Croatia, which is currently limited in the country;
contributing to employment and training of local staff.

The Client

EBRD Finance

Equity investment of up to HRK 32.5 million (Euro 4.5 million).

Project Cost

HRK 32.5 million (Euro 4.5 million).

Environmental Impact

Bank Austria Creditanstalt Croatia d.d. will carry out its operations in accordance with the EBRD's Environmental Procedures for Local Banks. In implementing these procedures, it will require its borrowers to comply, at a minimum, with national /local health, safety, environmental and public consultation requirements.

Technical Cooperation

None

Company Contact

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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