Zagrebacka banka SME Credit line

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 44681

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 44681

Status Complete

Location

Croatia

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

25 Jun 2013

Disclosure date

23 May 2013

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."

Translated version of this PSD: Croatian

Project Description

The EBRD is considering providing a EUR 40 million senior loan to Zagrebacka Banka d.d. Zagreb in Croatia for on-lending to small and medium-sized enterprises (SMEs) and corporate clients.

Transition Impact

The EBRD’s financing will support the largest banking group in Croatia in enhancing access to financing for SME and corporate clients. The EBRD’s facility will in particular be channeled to the real economy via long-term investment loans, to respond to operational challenges faced by private companies and help them enhance their competitiveness in the advent of Croatia’s accession to the European Union in July 2013.

The Client

Zagrebacka banka dd is the largest financial services group based in Croatia providing a full range of retail and corporate banking services for its customers. As of end-2012, Zagrebacka Banka had total assets of EUR 13.8 billion and equity of EUR 2.1 billion.

UniCredit Bank Austria AG (“UCBA”), part of the UniCredit Group, owns 84.47% of Zagrebacka Banka.

EBRD Finance

EUR 40.0 million.

Project Cost

A total of EUR 40.0 million.

Environmental Impact

Zagrebacka Banka will be required to comply with EBRD’s Environmental Performance Requirements (“PRs”) 2 and 9, adhere to the EBRD's Environmental and Social Exclusion and Referral Lists, and submit annual environmental and social reports to the Bank. Borrowers under the facility will be required to comply with applicable national environmental, health and safety and labour requirements.

Technical Cooperation

None.

Company Contact

Mr Nino-Nikolic Malora
Director, Commercial Strategy and Financing Products
Corporate and Private banking
Zagrebacka banka d.d.
Savska 60, 10 000 Zagreb, Croatia

E-mail: N.Nikolic-Malora@unicreditgroup.zaba.hr
Tel: +385 1 6305 061
Fax: +385 1 6305 004
www.zaba.hr

Transition impact

ETI Score:75

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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