Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

04 Sep 2001



PSD disclosed:

23 Jul 2001

Project Description

Proposed mortgage facility to Privredna Banka Zagreb (PBZ) for the financing of housing loan operations in Croatia.
The mortgage facility will enable PBZ to make long-term housing loans to private customers in Croatia.

Transition Impact

The proposed long-term loan will assist PBZ to further expand their housing loan activities without increasing the maturity mismatch in the bank’s asset and liability structure. In addition, the loan will support the provision of long-term funding to a large number of Croatians for the purchase or renovation of residences.

The Client

PBZ is the second largest commercial bank in Croatia with approximately €3 billion in assets, €321 million in shareholders’ equity and a 19 per cent market share in the Croatian banking sector. The bank operates from its headquarters, which are located in Zagreb, and controls a nation-wide network of 16 regional branches and 149 sub-branches. The bank is controlled by the Italian IntesaBCI Group, which acquired a 66.3 per cent stake in PBZ in 1999.

EBRD Finance

A proposed loan of €40 million to PBZ with a maturity of 12 years.

Project Cost

€40 million

Environmental Impact

PBZ will assess environmental issues associated with housing loans as part of its property surveys. Sub-loans are required to comply, at a minimum, with national health, safety and environmental regulations and standards. PBZ will report to the Bank annually on environmental health and safety matters.

Technical Cooperation


Company Contact


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

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.

Share this page: