SPLITSKA BANKA DD MORTGAGE CREDIT LINE
05 Nov 2002
20 Sep 2002
A proposed up to EUR 20 million dedicated mortgage finance facility with 12 years maturity. The proposed facility would enable HVB to make long-term housing loans to private customers for the purpose of purchasing (or renovating) their residences in Croatia.
The mortgage facility would enable HVB to make long-term housing loans to individuals in Croatia.
Expected transition impact derives from development and enhanced competition in the provision of mortgage finance in Croatia.
HVB Bank Croatia d.d., a subsidiary of Bank Austria Group, headquartered in Zagreb, with assets in excess of €405 million and capital of €45.8 million as of December 2001.
A proposed loan of € 20 million to HVB with a maturity of 12 years.
€ 20 million
HVB would assess environmental issues associated with housing loans as part of its property surveys. Sub-loans are required to comply, with national health, safety and environmental regulations and standards. HVB would report to the Bank annually on environmental health and safety matters.
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