Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

05 Nov 2002



PSD disclosed:

20 Sep 2002

Project Description

A proposed up to EUR 20 million dedicated mortgage finance facility with 12 years maturity. The proposed facility would enable HVB to make long-term housing loans to private customers for the purpose of purchasing (or renovating) their residences in Croatia.
The mortgage facility would enable HVB to make long-term housing loans to individuals in Croatia.

Transition Impact

Expected transition impact derives from development and enhanced competition in the provision of mortgage finance in Croatia.

The Client

HVB Bank Croatia d.d., a subsidiary of Bank Austria Group, headquartered in Zagreb, with assets in excess of €405 million and capital of €45.8 million as of December 2001.

EBRD Finance

A proposed loan of € 20 million to HVB with a maturity of 12 years.

Project Cost

€ 20 million

Environmental Impact

HVB would assess environmental issues associated with housing loans as part of its property surveys. Sub-loans are required to comply, with national health, safety and environmental regulations and standards. HVB would report to the Bank annually on environmental health and safety matters.

Technical Cooperation


Company Contact


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

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Text of the PIP

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