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    Archived pages: 1113 . Archive date: 2014-09.

  • Title: www.hbor.hr
    Descriptive info: Search.. Home.. About HBOR.. Contact.. Lending.. Export Promotion.. Tourism.. Agriculture.. Economy.. SMEs.. Environmental Protection.. Infrastructure.. Innovations.. Financial Restructuring.. Working Capital.. EU Funds.. Contribution.. Export Credit Insurance.. Programmes.. International Regulations.. Classification of Countries.. Short-term credit insurance.. Croatian Credit Insurance J.. S.. C.. Trade Finance.. Guarantees.. Documentary Letters of Credit.. Economic Co-operation Funds (ECFs).. Contacts.. English.. VLADIMIR KRISTIJAN APPOINTED PRESIDENT AND MARTINA JUS MEMBER OF THE MANAGING BOARD OF HBOR.. Zagreb, 30 May 2014 – At today’s meeting, the Supervisory Board of Hrvatska banka za obnovu i razvitak accepted the proposal of the Government of the Republic of Croatia to appoint Mr Vladimir Kristijan President of the Managing Board of HBOR and Ms Martina Jus Member of the Managing Board of HBOR.. Before joining HBOR, Mr Vladimir Kristijan, MSc in economics, held the position of Head of Corporate Division at Erste Steiermärkische Bank d.. , where he also performed the function of Procurator and Deputy Member of the Board in charge of Corporate Division.. Mr Vladimir Kristijan was also Member of the Management Board at Erste Nekretnine d.. and Member of the Supervisory Board of Erste Factoring d.. The duties administered by Mr Vladimir Kristijan  ...   of legal affairs and the control of utilisation of funds for specified purpose as well as financial support through guarantees and aids from 2012.. Ms Martina Jus participated actively in successfully implemented procedure of amalgamation of the Business Innovation Centre of Croatia (BICRO) with the Croatian Agency for SMEs and Investment (HAMAG-INVEST).. The new Member of the HBOR Managing Board was the co-creator and main coordinator of implementation of execution of the Entrepreneurial Impulse 2012 and the author of implementation contracts within the framework of Entrepreneurial Impulse 2012 and 2013.. Ms Martina Jus is the Chairman of the Management Council of the Special Hospital for Medical Rehabilitation Krapinske Toplice and the Chairman of the Board for Finances and Budget of the Krapinsko-Zagorska County.. The third member of the HBOR Managing Board is Mr Mladen Kober, who has been performing this function since 14 September 2009.. Print.. Temporary Reduction in Interest Rates Charged by HBOR on New Investment Projects in the Period from 1 July 2014 to 31 December 2014.. Contact Us.. FAQ.. Glossary.. HBOR News.. Document library.. Financial statements.. Human Resources.. Back to top.. Croatian Bank for Reconstruction and Development.. All Rights Reserved..

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  • Title: www.hbor.hr
    Descriptive info: EIB Lends EUR 800 Million to HBOR for Promotion of SMEs and Innovation.. Zagreb, 24 March 2014 – Mr Dario Scannapieco, Vice-President of the European Investment Bank, and Mr Anton Kovačev, President of the Managing Board of the Croatian Bank for Reconstruction and Development, signed EUR 400 million Finance Contract as the first tranche of the loan today.. The signing ceremony was attended by Mr Slavko Linić, Minister of Finance.. The funds in the amount of EUR 250 million are earmarked for the financing of SMEs, whereas the amount of EUR 150 million is intended for the financing of public and private mid-cap companies investing in projects in the infrastructure, knowledge economy and environment sectors.. The Finance Contract was signed within the framework of the presentation of the EIB’s results in 2013 and of the EIB’s activities in Croatia.. The presentation took place in Zagreb today, when Mr Dario Scannapieco pointed out:.. “Easier access to long-term funding enabled by the EIB in co-operation with HBOR, our partner institution, is a key factor for the  ...   raised today in the amount of EUR 400 million will be used by HBOR to finance its endeavours to encourage new investment projects, particularly those aimed at introducing new products and technologies.. Such investments are a key prerequisite for an increase in the competitiveness of the Croatian economy leading to an increase in exports.. In these efforts, we have been given extensive support by the European Investment Bank, which has been cooperating with us for 13 years now.. I would like to take this opportunity to thank them for their confidence and for having recognised HBOR as the key partner for cooperation in Croatia.. ”.. The co-operation between the EIB and HBOR started in 2001.. So far, the EIB has granted to HBOR almost EUR 1.. 8 billion, the loan signed today included.. Most of these funds have been used for the financing of projects implemented by small and medium-sized enterprises, mid-cap companies and public corporations in the manufacturing and service sectors, tourism included, and of investments in the energy, environment and similar infrastructure sectors..

    Original link path: /eib-lends-eur-800-million-to-hbor-for-promotion-of
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  • Title: www.hbor.hr
    Descriptive info: Stable Operations and Maintained Portfolio Quality in 2013.. Zagreb, 12 March 2014 – Anton Kovačev, President of the Managing Board of Hrvatska banka za obnovu i razvitak, presented the achievements of HBOR in 2013 and announced the continuation of good cooperation with special financial institutions in 2014.. In 2013, HBOR approved 1,256 loans totalling HRK 7.. 8 billion, of which HRK 5 billion for the financing of new investment activities.. As a result, the share of funds approved for new investment reached the pre-crisis level.. Anton Kovačev pointed out that, in 2013, HBOR had continued to implement the measures intended to encourage entrepreneurs to undertake new investment that had proved to be successful in 2012.. This primarily relates to reduced interest rates on new investment loans, which were in effect throughout 2013 and were further extended until the end of the half-year 2014.. In cooperation with the commercial banks, HBOR continued with the implementation of the Risk Sharing Model aimed at encouraging commercial banks to increase their lending to businesses.. In 2012 and 2013, HBOR approved more than HRK 10 billion in loans to exporters, insured export transactions in the volume exceeding HRK 9.. 6 billion and issued more than HRK 350 million in export guarantees.. Altogether, the volume of support provided by HBOR to the Croatian exporters exceeded HRK 20 billion, i.. e.. 14.. 5 per cent of the total Croatian exports according to the interim data on the trade in goods.. Even though HBOR offered loans for new investment at reduced interest rates during the entire past year, the profits of HBOR for 2013 stood at HRK  ...   will not have to pledge their real estate.. In 2013, the share of directly approved loans increased significantly, i.. it accounted for 44 per cent, which indicates to the fact that HBOR assumes greater risks and finances projects that commercial banks are not ready to finance.. This means that for many companies the funds for increasing the competitiveness of their operations and preservation of the existing jobs are available only directly from HBOR.. This did not jeopardise the portfolio quality of HBOR, whose placements allocated into the risk group A at the end of 2013 accounted for 85.. 3%.. At the end of 2013, receivables overdue accounted for 5.. 2% of the total HBOR portfolio, which, although significantly lower than in comparison with commercial banks, is more than at the end of 2012, when they amounted to 3.. 2%.. The increase in share compared to 2012 is the result of procedures and the duration of pre-bankruptcy settlement procedures, and represents an interim effect until the beginning of implementation of settlement resolutions.. In almost 22 years of operations, HBOR has supported 50 thousand projects totalling HRK 124 billion, of which HRK 82 billion relate to loans for more than 32 thousand projects.. In the same period, the amount of HRK 336 million was written off.. When journalists asked him about his future in HBOR, Anton Kovačev answered that for successful performance of such a responsible job, a unanimous support was required.. Since such support is not in place, Kovačev will not candidate for a new term of office.. His current term of office will expire at the end of May 2014..

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  • Title: www.hbor.hr
    Descriptive info: New Chairman of the Prague Club visited HBOR.. The Prague Club develops as a venue for discussion on strategically important issues for export credit insurance industry.. Zagreb, 14th February 2014 – Mr Karim Nasrallah, new Chairman of the Prague Club and the General Manager of the Lebanese Credit Insurer (LCI) visited HBOR for the purpose of presenting future activities and plans related to the Prague Club and the Berne Union.. In December 2013, Mr Karim Nasrallah was appointed Chairman of the Prague Club for a 2-year term of office.. Taking into account that since 1999 HBOR has been an active member of the Prague Club, on this occasion Mr Nasrallah wished to inform the President of the HBOR Managing Board Mr Anton Kovačev on future activities and plans regarding the Prague Club and its sister organisation, the Berne Union.. The Prague Club, in cooperation with the Berne Union Secretariat, is currently in the process of defining strategies for the future period.. So far, the Prague Club, as the association of export credit agencies with 35 members from Africa, Australia, Asia and the whole Europe, has been a venue for the exchange of information, knowledge and experience as well as the coordination of activities  ...   strategic issues important for export credit insurance industry, taking into account the specific features of member countries, as well as the importance of enhancing the engagement of individual members.. Although there are large similarities between the Berne Union and the Prague Club, and the desire to improve mutual cooperation, the main idea is that the two associations operate separately in the future as well.. In this way, the Prague Club members that are generally small export-credit agencies would still have the venue for the exchange of experience adjusted to their needs.. About the Prague Club.. The Prague Club is an international association of private insurers and state export-credit agencies.. The association was established in 1993 on the Berne Union initiative.. Although the organisation was intended primarily for export-credit agencies from the Central European countries, nowadays it has 35 members from Africa, Australia, Asia and the whole Europe.. Nowadays, the Prague Club is an association of export-credit agencies under which the network exchange of information, knowledge and experience is made.. The exchange is made via annual gatherings (twice a year), expert workshops, presentations and forums, and in this way, the export credit insurance programmes are developed and enhanced as support to exports and foreign institutions..

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  • Title: www.hbor.hr
    Descriptive info: Memorandum of Understanding signed by HBOR and Banca UBAE S.. MoU establishes a framework for future co-operation for the purpose of promoting the development of commercial, industrial and economic relations between the Republic of Croatia and the countries of the North Africa, the Near East and the Indian Subcontinent.. ZAGREB, 18 February 2014 – Mr Anton Kovačev, President of HBOR's Managing Board, and Mr Mario Sabato, General Manager of Banca UBAE, signed a Memorandum of Understanding in Zagreb today.. The signing ceremony was attended by Mr Abdullatif El Kib, Chairman of the Board of Directors of Banca UBAE.. The Memorandum was signed with the aim of establishing a framework for future co-operation between HBOR and Banca UBAE for the purpose of promoting the development of commercial, industrial and economic relations between the Republic of Croatia and the countries of the North Africa, the Near East and the Indian Subcontinent as well as for the purpose of participating in and offering services  ...   occasion.. Banca UBAE S.. (hereinafter: the Bank) was established in 1972 in Rome as a commercial bank funded by Italian and Arab capital.. The Libyan Foreign Bank, Libya is the largest shareholder, and the other shareholders with more than a 5 percent stake in the Bank are UniCredit SpA, Italy (10.. 75%) and ENI Group, Italy (5.. 39%).. The majority shareholder, the Libyan Foreign Bank, was founded in 1972 in Tripoli as the first offshore banking institution in the country with a licence to operate abroad.. It is 100 percent owned by the Central Bank of Libya.. In 2010, it acquired a 67.. 5% stake in the Bank.. The goal of the Bank is to develop commercial, industrial and economic relations between Europe and the countries of the North Africa, the Near East, the Indian Subcontinent and the former CIS countries.. The activities of the Bank include trade finance, financial intermediation, syndicated loans, guarantees, derivatives, broker services and capital market services..

    Original link path: /memorandum-of-understanding-signed-by-hbor-and-ban
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  • Title: www.hbor.hr
    Descriptive info: EIB: HBOR Remains our Key Co-operation Partner in Croatia.. New Finance Contract Signed by HBOR and EIB.. Zagreb, 20 January 2014 – The European Investment Bank (EIB) and the Croatian Bank for Reconstruction and Development (HBOR) entered into EUR 25 Million Finance Contract.. The Contract was signed by Mr Dario Scannapieco, Vice-President of the EIB, and Mr Anton Kovačev, President of the Managing Board of HBOR.. The loan is intended for the financing of investment carried out by the Company Hoteli Dubrovačka Rivijera d.. in the modernisation and upgrading of two existing hotels and associated tourism facilities in Mlini as well as in the construction of a new hotel in Srebreno that will replace the existing one devastated during the war.. The total investment in the modernisation and upgrading amounts to EUR 50 million.. On behalf of the EIB, the Contract was signed by Mr Dario Scannapieco, Vice-President of the EIB responsible for SMEs who has been in charge of the financing operations in Croatia since August 2013.. On this occasion, Mr Scannapieco said: “HBOR shall remain our key co-operation partner in the Republic of Croatia.. I would like to take this opportunity to praise the excellent co-operation between the expert teams of  ...   Board of HBOR, stressed: “The Contract we signed today is important for the Croatian tourism industry that is one of the strategic branches of our economy.. We are very happy that, as a result of the excellent co-operation with the EIB, HBOR can offer funds at favourable terms and conditions for the financing of investments carried out by Croatian enterprises and that we participate in this new investment that will give rise to the creation of new jobs and the strengthening of competitiveness of Croatia as a tourist destination.. Minister Linić expressed full support for the co-operation between HBOR and the EIB and pointed out: “I am particularly pleased with the co-operation between the EIB and HBOR.. I believe that this co-operation will continue with the same intensity in the future and that Croatian entrepreneurs will know how to make use of the favourable funds offered to them.. This loan is a continuation of successful co-operation between HBOR and the EIB that started in 2001.. So far, altogether 10 finance contracts have been signed, including the one signed today, in the total amount of almost EUR 1.. 4 billion.. The funds raised have been used for the financing of more than 2,100 projects..

    Original link path: /eib-hbor-remains-our-key-co-operation-partner-in-c
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  • Title: www.hbor.hr
    Descriptive info: HBOR and GARA signed Co-operation agreement on loan programmes.. Varaždin County Guarantee Agency (GARA) shall issue guarantees to small and medium-sized entrepreneurs for commercial bank loans extended under HBOR’s loan programmes.. Varaždin, 4 December 2013 – Mr Anton Kovačev, President of HBOR's Managing Board, and Mr Tomislav Šipek, Director of GARA, signed a Co-operation Agreement on Loan Programmes between HBOR and GARA.. The Agreement creates a framework for start-up enterprises and enterprises manufacturing and investing in the area of Varaždin County to benefit from the guarantees issued by GARA for loans extended by commercial banks under the loan programmes of HBOR.. Eligible borrowers are entrepreneurs that intend  ...   predominantly classified to the manufacturing sector.. Guarantees shall cover up to 75% of the principal amount of loan and can amount to up to HRK 1.. 5 million per entrepreneur regardless of whether an entrepreneur is already running a business or is a start-up entrepreneur.. On that occasion, Mr Anton Kovačev said: “The Agreement we signed today is a good basis for increasing the efficiency of our support for the development of SMEs in Varaždin County.. HBOR has been financially supporting entrepreneurs that operate in this area and has approved HRK 3.. 8 billion in loans, of which more than HRK 2 billion for the financing of exports..

    Original link path: /hbor-and-gara-signed-co-operation-agreement-on-loa
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  • Title: www.hbor.hr
    Descriptive info: For the Second Year, IDFC Members Confirm their Large Share of Global Green Financing Flows.. With USD 95 billion of new green finance commitments in 2012, IDFC members increase their significant contribution to the green and climate change agendas.. Frankfurt, November 20, 2013 - IDFC, the International Development Finance Club, which brings together 20 leading international, national and sub-regional development banks from across the world in a unique setting of cooperation, published for the second consecutive year its annual mapping of green finance.. The IDFC Green Finance Mapping Report 2013 compiles the activity of IDFC members in 2012 concerning the financing of mitigation to climate change operations, especially in the areas of renewable energy and energy efficiency, as well as adaptation to climate change and other measures for environmental protection.. The IDFC report was prepared by energy and climate consultancy Ecofys.. In 2012 IDFC members made new commitments representing USD 95 billion in green finance.. This represents an increase of USD 6 billion from 2011 to 2012, as reported in the previous year’s green finance mapping report.. The largest share of IDFC members’ green financing, USD 80 billion, was invested in climate change activities with sustainable development co-benefits.. IDFC members’ climate finance  ...   from institutions based in non-OECD countries.. These figures show the commitment and importance that IDFC members give to assisting green and climate activities in developing countries.. The findings of the report illustrate the financial and technical capacities and experience of IDFC’s development banks to mobilize, intermediate, deliver, and leverage large and increasing amounts of green and climate financing at the international and domestic levels.. This makes IDFC members “well positioned as a vehicle to channel additional scaled-up climate finance, from international funds such as the soon to be operational Green Climate Fund” as indicated in the report.. IDFC’s mapping report also contributes to a more defined international methodology and process for green and climate finance tracking, providing consistent and transparent information from a major group of development banks based in OECD and non-OECD countries, representing a considerable share of public financing.. In addition, it allows for the mainstreaming of the green and climate change agendas across IDFC members.. “IDFC provides a proactive platform from which to stimulate the sharing of experiences and shape future discussions on further alignment of climate finance-tracking methodologies internationally” states the report.. The IDFC Green Finance Mapping Report 2013 is available on the IDFC website (www.. idfc.. org)..

    Original link path: /for-the-second-year-idfc-members-confirm-their-lar
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  • Title: www.hbor.hr
    Descriptive info: Memorandum of Understanding signed by Croatian Bank for Reconstruction and Development (HBOR) and Sberbank of Russia.. MoU establishes a co-operation framework for export finance.. Zagreb, 13 November 2013 – Mr Anton Kovačev, President of HBOR's Managing Board, and Mr Sergey Gorkov, Deputy Chairman of the Board of Sberbank, signed a Memorandum of Understanding in Zagreb today.. The signing ceremony was attended by Ms Andrea Kovacs-Wöhry, CEO of Sberbank d.. , and Ms Ivanka Maričković Putrić, Senior Executive Director of HBOR.. The purpose of the MoU is to establish a framework for future co-operation between HBOR and Sberbank.. It determines the main areas of co-operation and information exchange in joint projects that include the financing and joint financing of exports as well as the intensive sharing of experience and knowledge.. Both banks focus on the possibility of co-operation on the financing of long-term projects.. “By signing the Memorandum of Understanding with Sberbank of Russia today, HBOR has created new possibilities for Croatian exporters.. I am convinced that this type of co-operation will contribute to the achievement of better export results and will increase the demand for the products and services of Croatia by making them more  ...   only Russian investments to the Republic of Croatia, but also the Croatian companies that strive to enter the Russian and the CIS countries market.. As the largest Russian bank with more than 110 million clients, Sberbank has broad infrastructure, necessary capital and required knowledge and can link the companies from different markets and open up such markets for them”, said Mr Sergey Gorkov at the signing ceremony of the Memorandum of Understanding in Zagreb.. Sberbank is one of the leading banks in Europe and one of the largest and most rapidly growing global financial institutions.. In July 2013, the British Euromoney Magazine named Sberbank as the best bank in Central and Eastern Europe in its annual Awards for Excellence.. This award is deemed the most prestigious one in the global financial services segment.. The criteria applied in the selection procedure are size, profitability, growth rate, comparison with direct competitors and the ability to adjust to new market trends in order to fulfil the clients’ requirements.. Besides, in 2012, Sberbank brand was named the 13th most valuable banking brand in the world and the second one in Europe, with a value of USD 14.. 2 billion..

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  • Title: www.hbor.hr
    Descriptive info: The Istria Development Agency will provide guarantees to entrepreneurs for commercial banks’ loans under HBOR programmes.. Pula, 6 November 2013 – Emilija Nagj, Senior Executive Director of HBOR and Boris Sabatti, Director of IDA signed the Co-operation agreement on financing programmes between HBOR and the Istria Development Agency (IDA).. The Agreement provides the opportunity to business start-ups and entrepreneurs engaged in the production industry and investing in the area of the Istria county to make use of IDA guarantees for loans of commercial banks OTP bank d.. and IKB Umag d.. under HBOR programmes.. Entrepreneurs who intend to invest in the Istria county, regardless of the main office or residence, and are registered as  ...   1.. 5 million per entrepreneur, regardless of the fact whether the entrepreneur is already operating or is a beginner.. Guarantees will be provided for:.. - Financing of investments in tangible or intangible assets arising as a result of an innovation in the proportion 70% (tangible assets), 30% (intangible assets);.. - Financing of investment in the technological process modernisation;.. - Working capital relating to the implementation of the technological process modernisation (up to HRK 500,000.. 00).. Loan application with supporting documentation is submitted to a commercial bank.. Additional information can be obtained at HBOR’s regional office for Istria (phone: 052 219 218, e-mail: hbor-pula@hbor.. hr) or in the Istria Development Agency (phone: 052 381 900)..

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  • Title: www.hbor.hr
    Descriptive info: HBOR signed the Memorandum of Understanding with the Greek Export Credit Insurance Organisation.. ZAGREB, 30 October 2013 – The President of the Managing Board of Hrvatska banka za obnovu i razvitak Mr Anton Kovačev and the President of the Management Board of ECIO Mr Themistoklis Kalpaktsoglou, signed the Memorandum of Understanding between the two institutions today.. This Memorandum was signed with the goal to establish framework for future co-operation between HBOR and ECIO in trade and investment promotion between Greece and the Republic of Croatia, participation and providing services in joint projects in the third countries’ markets.. „In today’s very demanding economic environment, it has become extremely important to strengthen and provide efficient support to exporters that will enable them to increase their competitiveness in the international market..  ...   on this occasion.. ***.. Export Credit Insurance Organization (hereinafter: „ECIO“) is the Greek export credit agency owned by the state and established in 1988.. It is an autonomous and non-profit organisation managed by the Board of 9 directors, and under the supervision of the Ministry of Development and Competitiveness.. The headquarters of ECIO is in Athens, and its task is to provide support to export transactions of Greek companies and to manage guarantees issued by the Greek state to domestic and foreign banks, financial institutions and organisations, construction firms, leasing companies and companies in general, the Deposits and Loans Fund, the Post Savings Bank and the public law entities, as well as to foreign governments as coverage for loans, letters of credit and credits in the shipbuilding industry..

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    Archived pages: 1113