PBZ SME Credit Line



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

21 Apr 2009



PSD disclosed:

20 Mar 2009

Project Description

The EBRD is considering making a senior loan of up to EUR 50 million in the form of a credit line for SMEs to Privredna banka Zagreb d.d. in Croatia

Transition Impact

The Bank’s financing will support the second largest banking group in Croatia to enhance access to funding for PBZ’s SME clients. SMEs continue to need working capital and investment funding, but financial resources available to support lending to this sector have become very constrained as the external
sources of funding are limited. The EBRD’s facility will increase the provision of funding available to be channelled to the SME sector and will therefore contribute to maintaining access of private companies to financing required for production, trade and services.

The Client

Privredna Banka Zagreb d.d. (PBZ) is the second largest bank in Croatia according to assets size, owned by Banka Intesa San Paolo through Intesa SanPaolo Holding International (76.6%), EBRD (20.9%), and minority shareholders. At the end 2008, PBZ had EUR 8.7 billion in assets, EUR 1.2 billion in equity and recorded EUR 150 million of profit.

EBRD Finance

EUR 50 million long-term senior loan in the form of a credit line for SMEs to Privredna banka Zagreb d.d.

Project Cost

EUR 50 million.

Environmental Impact

Screened FI (2008).

PBZ will be required to continue to comply with national legal requirements and with the EBRD's Environmental and Social Procedures for Local Banks. This will 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

Jadranka Primorac
Executive Director, Financial Institutions and Special Financing Division ; Privredna banka Zagreb d.d.

tel: +385 1 6360 000
e-mail: jadranka.primorac@pbz.hr
Website: www. pbz.hr


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)

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Text of the PIP

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