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FIF - Erste Bank Croatia: MSME finance



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

25 Nov 2015



PSD disclosed:

22 Oct 2015

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 & 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


Company Contact Information

Mirjana Haluga

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

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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

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