EBRD gives EUR 35M loan to RBA Leasing for credit line to SMEs

The European Bank for Reconstruction and Development (EBRD) and the Raiffeisen Leasing in Croatia have signed a credit line offering EUR 35 million for lending schemes for small and medium-sized enterprises, the EBRD and the leasing company stated on Friday.

The EBRD is, thus, providing a EUR35 million loan to Raiffeisen Leasing d.o.o. to expand lease financing to Croatian small and medium-sized enterprises.

The project will increase the access to long-term lease financing by local SMEs and help support the recovery of the Croatian leasing market.

"This will largely be based on increased activity by Raiffeisen Leasing in the segment of micro, small and medium-sized enterprises. Although small privately owned companies constitute the backbone of the Croatian economy, they often find access to finance difficult. In many cases leasing offers a viable and attractive alternative, yet market penetration remains below the EU average."

Since 1993 when it started operating in Croatia, the EBRD has invested EUR 3.5 billion in nearly 190 projects across the country.

Last update: Fri, 10/06/2016 - 19:47
Author: 

More from Croatia

Defence ministry's 2017 procurement outlays to reach EUR 226 mln

The Defence Ministry presented its procurement plan for 2017 worth HRK 1.7 billion of which HRK 470 million will be...

Croatia to decide on its own whether to join sanctions against Dodik

Croatia will decide on its own whether to join in the US sanctions against Republika Srpska President Milorad Dodik...

Erjavec insists on possible incidents if Croatia rejects border arbitration ruling

Slovenia-Croatia relations might be additionally strained over a ruling to be made by an international border...

EC recommends Croatia's gradual integration into Schengen Information System

The European Commission on Wednesday made a recommendation to the Council of the European Union to gradually...

Plenkovic: It's important for Croatia to postion itself in changed global circumstances

It is important how Croatia will position itself in 2017 against a background of the changed global circumstances,...