Release date: 24 September 2024
Promoter – Financial Intermediary
PRIVREDNA BANKA ZAGREB DDLocation
Description
The project consists of an unfunded risk participation scheme under a full delegation approach by which the EIB will cover up to 50% of the losses with respect to each defaulted loan of a portfolio of loans or other debt instruments to mid-caps in Croatia.
Objectives
Through the intermediation of PRIVREDNA BANKA ZAGREB DD (PBZ), the new loan portfolio will support the final beneficiaries in their investment efforts as well as in funding their working capital needs. EIB and PBZ are aiming to further catalyse access to finance for mid-caps and diversify the lending products to Croatian corporates through the experimental issuance of mini-bonds for mid-caps. The EIB guarantee will enhance lending capacity and risk appetite of the financial intermediary on a semi granular portfolio of mid-cap loans which would benefit from a financial advantage in their risk pricing and cost of lending.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
EUR 280 million
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Approved - 16/10/2024
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).