EIB Group invests €530mn in Croatia in 2020

By bne IntelliNews March 1, 2021

The European Investment Bank Group (EIB Group) said it has secured €530mn in loans, equity and guarantees in Croatia in 2020.

“The two parts of the EIB Group, the European Investment Bank (EIB) and the European Investment Fund (EIF), invested €342.5 million and €187.9 million, respectively, making 2020 a record year for the EIF in Croatia,” it noted.

The EIF’s investment in Croatia in 2020 was a record for the institution. The fund invested €96mn through equity operations, €90.6mn in guarantees and €1.3mn in inclusive finance.

The EIB’s €342.5mn investment was made through six operations signed in 2020 in support of the country’s SMEs. Over 70% of this sum was provided through cooperation with the Croatian Bank for Reconstruction and Development (HBOR). The remaining €97mn was made available to local companies through Croatian commercial banks.

So far, the EIF has invested in Croatia €415mn, while the EIB’s investment to date has reached €7.06bn.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

EBRD provides €20mn loan to UniCredit Leasing Serbia to support SMEs

The European Bank for Reconstruction and Development (EBRD) is providing a €20mn loan to UniCredit Leasing Serbia to support small and medium sized enterprises (SME's) that want to invest to boost ... more

EBRD and GCF expand green finance in Armenia with $6m package

Armenia’s private sector will obtain new resources for green financing thanks to a $6mn financial package put together by the European Bank for Reconstruction (EBRD) and ... more

World Bank assists Uzbekistan in building country's first ever privately financed toll road

The World Bank’s Global Infrastructure Fund has provided a $350,000 grant for the preparation of a preliminary feasibility study for the construction of the 340-kilometre Tashkent-Andijan highway ... more

Follow Us On

Feedly logo Follow on Feedly

Most Read

  1. Will Belarus merge with Russia this week?
    2 days ago
  2. Poland deploys troops close to Belarusian border in response to crackdown on Polish minority
    8 days ago
  3. TRENIN: Russia-Ukraine war alert – what’s behind it and what lies ahead?
    8 days ago
  4. Azerbaijan fires info war salvo against Russia
    2 days ago
  5. Turkey’s descent into coronavirus hell
    1 day ago
  1. Will Belarus merge with Russia this week?
    2 days ago
  2. Poland deploys troops close to Belarusian border in response to crackdown on Polish minority
    8 days ago
  3. OBITUARY: Petr Kellner, Central Europe's great dealmaker
    23 days ago
  4. TRENIN: Russia-Ukraine war alert – what’s behind it and what lies ahead?
    8 days ago
  5. Army sent into Tirana airport after strike grounds all flights
    13 days ago

Reports

Dismiss