EBRD and Addiko Bank supporting DIV Group in Croatia

By Axel  Reiserer

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  • EBRD and Addiko Bank providing €15 million loan each to DIV Group
  • Investment to support company’s long-term growth
  • DIV Group is leading regional fastener producer

The EBRD and Addiko Bank Croatia are joining forces to support the leading regional producer of fasteners solutions, DIV Group, to further invest in their long-term growth with a €30 million financial package.

Both banks will provide €15 million loans each for investments into energy efficiency measures, the provision of more sustainable working capital and support for balance sheet restructuring.

DIV Group is a leading producer of bolts, screws and fasteners. Incorporated in Croatia where it has two production sites, the company also runs facilities in Bosnia and Herzegovina and Serbia. The company has also diversified its product line and become active in providing specialised construction works in railway infrastructure projects and specialised metal solutions. The company exports around 90 per cent of its products and has become a supplier to global manufacturers of equipment for railway related products, the automotive industry and other sectors.

Addiko Bank Croatia is part of an international banking group, active in supporting the growth of local enterprises in Croatia and its core south-eastern European markets. In Croatia, Addiko was the sixth largest bank in terms of total assets in 2017.

The EBRD loan comes under the Bank’s Direct Finance Framework, a facility to meet the growing business needs of local enterprises to finance their expansion and growth. The EBRD is a leading investor in the region. In Croatia alone the Bank has invested €3.7 billion in more than 200 projects to date.

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