Translated version of this PSD: Croatian
Project Description
The EBRD is providing a credit line up to EUR 20 million to Erste & Steiermärkische Bank d.d. in Croatia ("EBC").
Project Objectives
The credit line will be channeled to the real economy via longer tenor investment loans, working capital facilities and other financial products to respond to identified gaps in the financial markets and to help micro, small and medium enterprises ("MSMEs") to enhance their competitiveness.
Transition Impact
The Croatian MSMEs have been suffering from the recession and access to financing has tightened due to growing NPLs. The proposed project will improve access to finance for MSMEs by providing long-term funding to EBC, a bank with strong capabilities and expertise in this segment. EBC will focused be on on-lending to MSMEs outside of the capital.
Client Information
ERSTE & STEIERMARKISCHE BANK D.D.
Erste & Steiermärkische Bank d.d., Zagreb is the 3rd largest bank with a 15.0% market share measured by total assets as of end of H1 2015.
EBRD Finance Summary
EUR 20,000,000.00
Total Project Cost
EUR 20,000,000.00
Environmental and Social Summary
Screened FI. EBC will be required to continue complying with national legal requirements and with the EBRD's Environmental and Social Policy and Procedures for Local Banks, including PR2, PR4 and PR, apply the EBRD¿s E&S Risk Management Procedures for SME and Micro loans. This will also include adherence to the EBRD's Environmental and Social Exclusion and Referral Lists, and submission of annual environmental and social reports to the Bank.
Technical Cooperation
None
Company Contact Information
Mirjana Haluga
mhaluga@erstebank.com
www.erstebank.hr
Ivana Lucica 2 10000 Zagreb
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
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
