The European Investment Bank (EIB) and the Croatian Bank for Reconstruction and Development (HBOR) have signed two deals worth €342.5mn, the EIB announced on April 30. The funds will be used for the upgrade of a major hospital in Rijeka and to support mid-caps, municipalities and public companies.
A €292.5mn loan, the second tranche of a €400mn loan to HBOR, will support mid-cap companies from the industry, services and tourism sectors to increase productivity and competitiveness. The funds will also be made available to municipalities and public companies.
The EIB and HBOR also signed a €50mn loan agreement to upgrade the Rijeka Clinical Centre which services around 15% of Croatia’s population. The medical centre will be able to start relocating its buildings, currently scattered around the city, into one single location.
“The project will allow construction of a modern Mother and Child Care Unit, a new thermal power block and a new parking lot, which will relieve the patients from having to travel up to five km between different hospital facilities of the Rijeka Clinical Centre,” the EIB said.
Related Articles
Azerbaijani banks report mixed financial performance in Q1 2025
Azerbaijan’s leading commercial banks released their financial results for the first quarter of 2025, showing a mixed performance in profitability, digitalisation, credit growth and capital ... more
Hungarian subsidiary of Intesa Sanpaolo targets further growth after record 2024
CIB Bank, a subsidiary of Italy's Intesa Sanpaolo, is planning further expansion in 2025 after posting record results last year, CEO Pal Simak said after the release of the annual earnings report. ... ... more
EC clears €200mn capital increase at Romanian state-owned CEC Bank
The European Commission has approved Romania’s planned €200mn capital increase for state-owned CEC Bank, allowing the country to proceed with strengthening the lender’s financial position, ... more