RZB CROATIA CREDIT LINE

Location:

Croatia

Project number:

24634

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

04 Dec 2001

Status:

Completed

PSD disclosed:

31 Oct 2001

Project Description

Proposed €30 million senior loan to Raiffeisenbank Austria d.d. (RBCR) based in Zagreb, Croatia. The facility would allow RBCR to extend its lending operations and to provide medium-term funding to local companies in Croatia. The project objectives are to extend RBCR’s lending operations and to provide medium-term funding to Croatian companies.

Transition Impact

The EBRD funding would stimulate growth within the private SME sector. As there is still a massive lack of medium-term financing available in the market, this facility will help to fill this gap.

The Client

RBCR is one of the best performing banks in Croatia. RBCR was established as the first foreign bank in Croatia on 12 December 1994. The bank has a full banking licence for domestic and cross-border operations. Besides headquarters in Zagreb, RBCR has a network of branch offices throughout Croatia.

EBRD Finance

€30 million 5-year senior loan.

Project Cost

€30 million.

Environmental Impact

RBCR will be required to adopt and implement EBRD’s Environmental Procedures for Local Banks, comply with the Bank’s Financial Intermediary environmental exclusion list and report annually to the EBRD on the environmental aspects of its activities. Sub-loans will be required to comply with national health, safety and environmental requirements.

Technical Cooperation

None.

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

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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.