Financial Intermediary Framework – Croatia Women in Business - Raiffeisen



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

11 Nov 2015



PSD disclosed:

20 Oct 2015

Translated vresion of this PSD: Croatian

Project Description

The EBRD is considering a credit line of up to EUR 20 million to Raiffeisenbank Austria d.d., Zagreb. in Croatia. Out of the proceeds, a minimum of EUR 5 million will be used to finance eligible women-led MSME.

The projects will aim to support access to finance for Croatian MSMEs. The Women in Business (“WiB”) component will be dedicated to enhance the access to finance for women-led MSMEs through an integrated approach to simultaneously support the access to know-how and markets for women-led MSMEs and to assist the development of WiB products by Raiffeisenbank Austria d.d., Zagreb.    

Transition Impact

The development by the client of an innovative product tailored to the specific needs of women-led MSMEs will contribute to the adoption of new lending practices by the client and the transfer of skills. It will also help to address barriers to the access to finance on the supply side, while the increased access to know-how and markets through advisory and capacity building activities will widen the growth potential of women-led MSMEs.

The Client

Raiffeisenbank Austria d.d., Zagreb is the fourth largest commercial bank in Croatia, with a market share of 7.8% and total assets of EUR 4.0 billion as of June 2015.

EBRD Finance

Credit line of up to EUR 20 million

Project Cost

EUR 20 million

Environmental and social categorisation, impact, and mitigation

Categorised FI. Raiffeisenbank Austria d.d., Zagreb will be required to comply with the EBRD’s Performance Requirements 2, 4 and 9, apply the EBRD’s E&S Risk Management Procedures for SME and Micro loans and submit Annual Environmental and Social Reports to the Bank. 

Technical Cooperation

The Women in Business component will be complemented by the two TC windows comprised of (1) Small Business Support window – funded by the Taiwan EBRD Cooperation Fund in the amount of EUR 650,000, and (2) bank TC window – funded by the Taiwan EBRD Cooperation Fund in the amount of EUR 100,000 and the EBRD Shareholder Special Fund in the amount of EUR 130,000.

Company Contact

Ms. Natasa Mlakar

Director of Financing & Special Arrangements, Financial Institutions and Cash Management
Raiffeisenbank Austria d.d. Zagreb
tel: + 385 1 45 66 532
fax:+ 385 1 45 90 697

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

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Text of the PIP

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