Translated version of this PSD: Croatian
The EBRD is considering a senior loan of up to EUR 90 million to Raiffeisen factoring d.o.o in Croatia.
The proceeds of the EBRD loan will be used for the purpose of providing factoring services to SME and corporate clients in Croatia with increased regional presence.
Bank's continued support to SMEs through providing financing to a factoring company in Croatia is important as it will significantly contribute to improve cash-convention by easing the liquidity pressures and ensuring adequate working capital needed for the business activity. Alongside the
proposed funding, the Banks's medium term engagement continues supporting the policy dialog with the regulator and other institutions in addressing challenges and obstacles for the full implementation of the Factoring Law.
The proposed financing will also create the opportunity to launch non - recourse factoring for SMEs supported by the insurance policy - which will facilitate instant access to working capital to those companies which are not eligible for bank financing due to lack of required collateral.
RAIFFEISEN FACTORING D.O.O.
Raiffeisen Factoring d.o.o. incorporated in Croatia is 100%-owned by Raiffeisenbank Austria d.d. Zagreb.
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
Categorised FI (ESP 2014). RFC is an existing client of the Bank and is compliant with requirements of PRs 2, 4 (health and safety) & 9. Under existing exposure with the Bank, RFC is applying the Bank's Environmental & Social Procedures for Factoring, which includes assigning appropriate management and staff resources for the implementation of the procedures and establish a process for dealing with external communications on environmental and social matters. RFC will be required to continue to comply with the EBRD's E&S requirements, ensure sub-projects meet national environmental, health and safety and labour regulations and standards and submit annual environmental and social reports to the Bank.
Company Contact Information
+385 1 5575703
+385 1 4604 877
Raiffeisen FACTORING d.o.o. Froudeova 11, 10000 Zagreb
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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Text of the PIP