Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

30 Sep 2003



PSD disclosed:

27 Jun 2003

Project Description

The EBRD will make a senior loan of up to €100 million to Zagrebacka Banka d.d. (ZABA) which will enable ZABA to provide long-term mortgage loans for purchase or renovation of individual residences. In addition, ZABA will work with the EBRD towards standardisation of all its credit assessment procedures and loan documentation to prepare the ground for future securitisation.

Transition Impact

Transition impact potential derives from the demonstration effect associated with supporting the growth of mortgage lending in Croatia. Further development of the mortgage market would also contribute to the development of financial markets by providing possible long-term tradable securities in the future. Supporting the growth of ZABA and the diversification of its funding base will strengthen the banking sector by providing much-needed long-term financing and increasing competition.

The Client

Zagrebacka banka d.d. (ZABA), the largest financial services group based in Croatia. ZABA provides a full range of retail and corporate banking services for its customers in Croatia and neighbouring Bosnia and Herzegovina. As of the end of 2002 ZABA had total assets of €7.3 billion, total shareholders' equity of €586 million and was rated BBB- by Standard & Poors and Fitch and Ba1 by Moodys.

EBRD Finance

Loan of up to €100 million.

Project Cost

€100 million

Environmental Impact

The environmental impact from the project will be low as the borrower is committed to comply with the financing restrictions stated on EBRD's Environmental Exclusion List for Financial Institutions as well as with EBRD's Environmental procedures for Intermediate Financing through Local Banks.

Technical Cooperation


Company Contact

Tomica Pustisek 
Retail Network Division Director
Zagrebacka banka 
Paromlinska 2
10000 Croatia
Fax: +385 1 6110 533

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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

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