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2025-04-01 00:00:00
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The European Investment Bank (EIB) has approved a €100 million loan to Privredna Banka Zagreb (PBZ), part of the Intesa Sanpaolo Group, aimed at expanding financing for Croatian businesses. This strategic loan is designed to support small and medium-sized enterprises (SMEs) and mid-cap companies in Croatia, with a strong focus on clean energy projects and climate action.
Key highlights of the financing package include:
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Targeted Funding for SMEs and Green Projects: At least 70% of the loan will be allocated to SMEs, while a minimum of 20% will fund projects that drive energy efficiency and renewable energy production. Additionally, 10% of the funds will be dedicated, on a best-effort basis, to support women-owned and women-run businesses.
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Staged Disbursement: The loan will be disbursed over three years, beginning with an initial tranche of €50 million, ensuring a steady boost to the Croatian financial ecosystem.
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Boosting Regional Competitiveness: This financing initiative aims to enhance business competitiveness, fuel sustainable growth, and promote regional cohesion within the European Union.
EIB Vice-President Teresa Czerwińska stated, "This new financing operation will strengthen our collaboration with PBZ and the Intesa Sanpaolo Group, enabling Croatian businesses to access the funds they need to grow. By allocating a significant portion of the loan towards climate-friendly investments and supporting women entrepreneurs, we are enhancing sustainability and economic resilience in Croatia."
Dinko Lucić, President of the Management Board of PBZ, added, "We are delighted to continue our long-standing partnership with the EIB. This collaboration supports our mission to boost the competitiveness and resilience of the Croatian economy by investing in sustainable projects, particularly those focused on energy efficiency and renewable energy. It is a strategic move that aligns perfectly with our commitment to ESG principles."
This €100 million EIB loan builds on over €200 million of past lending to PBZ over the last decade, further underlining the Bank's commitment to supporting Croatia's economic growth. In November 2024, PBZ also signed a €100 million guarantee agreement with the EIB to assist Croatian mid-cap companies, reflecting a robust and ongoing investment in the country's future.
This announcement marks a significant step forward in bolstering Croatia’s industrial and economic landscape, making it an attractive destination for both domestic and international investment.
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