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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.. HBOR and EIB signed a new Loan Contract in the amount of EUR 100 million.. Dubrovnik, 18 September 2012 – Mr Anton Kovačev, President of the Managing Board of Hrvatska banka za obnovu i razvitak and Mr Werner Hoyer, President of the European Investment Bank, signed today a EUR 100 million Loan Contract for the financing of small and medium-sized enterprises and mid-cap companies in the Republic of Croatia.. The Loan Contract was signed in Dubrovnik following the meeting of the EIB’s Board of Directors, which took place in Croatia for the first time.. The Republic of Croatia has observer status in the EIB’s Board and will become an EIB shareholder when it joins the European  ...   allocated to SME and mid-cap projects.. Anton Kovačev, President of Hrvatska banka za obnovu i razvitak emphasised: “More than 1,200 projects, financed from the funds raised from EIB, have led to the creation of thousands of new jobs, and even more significant is the fact that many existing jobs have been maintained, owing to our loans.. Taking into account the needs of the Croatian business entities and increased lending activity of HBOR, as well as rapid utilisation of the funds approved so far, we hope a new contract to be signed very soon.. ”.. This loan represents a continuation of the very successful cooperation between the EIB and HBOR.. The EIB has previously provided six credit lines to HBOR exceeding EUR 760 million.. 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: HBOR Took a Number of Measures and Significantly Increased the Number of Approved Loans in the First Six Months.. Semi-Annual Financial Statements Published.. Zagreb, 31st August 2012 – Hrvatska banka za obnovu i razvitak published today its semi-annual financial statements.. In the first half of the year, HBOR approved 675 loans totalling HRK 3.. 5 billion.. Since the beginning of 2012, HBOR has taken a number of measures which included lowering of interest rates, granting loans without a currency clause and the possibility of risk sharing for the purpose of encouraging new investments, the recovery and development of the Croatian economy.. During the reporting period, loan approvals under  ...   previous year (in the first half of 2011, 291 loans were approved in the total amount of HRK 454 million).. Within the framework of all HBOR loan programmes, in the first half of the year, 567 loans were approved for small and medium-sized enterprises in the total amount of HRK 1.. 6 billion.. In the reporting period, 11% investment loans more than in the same period previous year were approved.. During the first six months of 2012, HBOR generated a total income of HRK 484.. 8 million, expenses of HRK 432.. 9 million, which resulted in profits of HRK 51.. 9 million at the end of the reporting period..

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  • Title: www.hbor.hr
    Descriptive info: HBOR Signed a EUR 50 Million Framework Loan Agreement with the Council of Europe Development Bank.. The loan is intended for the financing of projects implemented by SMEs and the public sector in the Republic of Croatia.. Zagreb, 31 July 2012 – Mr.. Anton Kovačev, President of the Managing Board of HBOR, signed a EUR 50 Million Framework Loan Agreement with the Council of Europe Development Bank (CEB) in Paris today.. The proceeds of the loan are intended for the financing of projects implemented by SMEs and units of local and regional government and/or other public sector entities  ...   will be possible to finance also public sector projects for the first time.. Besides, CEB has accepted HBOR’s suggestion to extend the maximum limit of loan tenors for SME projects from 10 years (including up to two-year grace period) to 12 years (including up to two-year grace period).. The cooperation between HBOR and CEB started in 2001 with the purpose of promoting sustainable social and economic development in Croatia.. Prior to today’s Framework Loan Agreement, three loan agreements were signed with CEB in a cumulated amount of EUR 108 million for the purpose of financing small and medium-sized enterprises..

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  • Title: www.hbor.hr
    Descriptive info: HBOR Promotes New Investments through New Forms of Lending.. For the purpose of promoting new investments in the Croatian economy, HBOR introduces a Loan Programme for the Development of the Economy and new forms of risk sharing.. Zagreb, 30 May 2012 – Mr Anton Kovačev, President of HBOR’s Managing Board, introduced today at Hrvatska banka za obnovu i razvitak (HBOR) the new Loan Programme for the Development of the Economy and the new form of financing entrepreneurial projects through the sharing of risk between HBOR and commercial banks.. The event was attended by Mr Slavko Linić, Minister of Finance, Mr Gordan Maras, Minister of Entrepreneurship and Crafts, and Mr Darko Liović, Chief Executive Officer of HAMAG Invest.. For the purpose of strengthening entrepreneurial capacities, maintaining and improving liquidity, HBOR introduced, in co-operation with the Government of the Republic of Croatia, the Croatian National Bank and commercial banks, the new loan programme for the financing of the development of the economy.. The Programme is primarily aiming to finance working capital of entrepreneurs facing difficulties due to objective reasons resulting from the financial and economic crisis that are at least 25% privately owned and generate at least 10% of revenues from international markets.. The purpose of loans is to settle liabilities towards creditors, whereas up to 30% of loan amount can be used for the settling of obligations towards financial institutions.. Commercial banks will participate in auctions for the award of HBOR’s loan quotas and their bids will be graded in accordance with the level of the offered interest margin.. The share of  ...   case of small and medium-sized enterprises, HBOR will provide financing and assume the risk for up to 40% of the total loan amount against a guarantee provided by HAMAG Invest amounting to 80% of the loan principal.. The commercial bank will provide financing and assume the risk for up to 60% of the total loan amount against customary banking security instruments.. The new form of funding is intended for entrepreneurs utilising new investments to contribute to employment increase, growth of exports and added value and strengthening competitiveness in domestic and international markets in the following industries - agriculture, manufacturing industry, tourism and industries related to projects for renewable energy resources and energy efficiency.. Risk sharing for large investment projects will be also carried out in co-operation with commercial banks via existing loan programmes.. In case of large investments, HBOR will provide financing and assume the risk for up to 50% of the total loan amount, and the commercial bank will provide financing and assume the risk for at least 50% of the total loan amount.. Within the framework of this model, the interest for the total loan will be the weighted average interest rate on HBOR’s direct loan and commercial bank’s loan.. Besides new investment cases, HBOR will also assume 50% of risk against a guarantee provided by HAMAG Invest in case of Loan Programme for the Financing of Manufacturing.. By means of risk sharing, HBOR intends to encourage commercial banks to increase lending to the real economy and thus start the investment cycle, which is a prerequisite for economic recovery..

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  • Title: www.hbor.hr
    Descriptive info: HBOR’s New Loan Programme for IPA Candidate Projects.. Zagreb, 22 May 2012 – Today, HBOR announced the introduction of a new loan programme for the financing of projects nominated to be co-financed under the Instrument for Pre-Accession Assistance (IPA) that are not covered by existing HBOR’s loan programmes.. Under the new programme, loans will be approved in HRK with an up to 3 year grace period and an up to 15 year repayment period.. Interest rate stands at 4 percent p.. a.. , and, in accordance with HBOR’s decision to temporarily lower its interest rates for new investment projects in the period 1 January 2012 – 31 December 2012, it stands at 3 percent p.. for new investment in tourism, agriculture, industry, environmental protection, energy efficiency and renewable energy resources.. The programme is intended to be used by units of local and regional government, companies majority-owned by units of local and  ...   finance those expenditures that are part of the project but cannot be nominated for the financing under the IPA programme pursuant to the Invitation to Submit Project Proposals.. Under the new loan programme for IPA candidate projects, the amount of up to 75 percent of the preliminary investment value without VAT shall be covered or, in the case of units of local and regional government, up to 100 percent of preliminary investment value with VAT.. Maximum loan amount is not limited, and minimum loan amount equals HRK 80,000.. 00.. The financing will be carried out through commercial banks or directly in the case of units of local and regional government or companies majority-owned by units of local and regional government or the Republic of Croatia.. By the new loan programme, Hrvatska banka za obnovu i razvitak has complemented its current activities aimed at providing support for the use of pre-accession funds..

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  • Title: www.hbor.hr
    Descriptive info: General Assembly of the European Association of Public Banks Takes Place.. EAPB Members Discussed Regulatory Measures Aimed at Facilitating the Recovery of the European Economy.. Dubrovnik, 15 May 2012 – Today’s closing of the General Assembly of the European Association of Public Banks (EAPB) was attended also by Mr Neven Mimica, Deputy Prime Minister of the Republic of Croatia.. The General Assembly was chaired by Mr Anton Kovačev, President of the Managing Board of Hrvatska banka za obnovu i razvitak and EAPB President.. Hrvatska banka za obnovu i razvitak has been a member of EAPB since 2007 and has been, during its membership, actively involved in lobbying for favourable legislative regulations and creating numerous financial measures for supporting the economy that has been struggling with the crisis for years.. Through its activities, EAPB makes it possible for Croatia, HBOR and all of its members to create a platform and various models for facilitating the operations of the economy.. Topics at the General Assembly covered the operations in the past year, the budget for 2013 and the business plans and activities of EAPB members for the coming period.. Ever since its establishment, EAPB has been promoting the interests of its members before the bodies of the European  ...   economic recovery, it is important to allow the implementation of long-term investment through specific models of public banks with a possibility of using the benefits of various funds for the same projects.. The financial crisis has shown that the rules of supervision must be reviewed in detail for the purpose of preventing unnecessary restrictions from jeopardising the economic recovery.. The European Association of Public Banks (EAPB) was established in 2000 with the aim of representing the interests of state-owned banks, development banks and agencies in relation to the EU legislation and the European Parliament.. Since its establishment, the EAPB has increased the number of its members from 10 to more than 100.. Members of EAPB are financial institutions, agencies, state-owned banks and other similar institutions and associations of such institutions seated in EU member states, Switzerland, Norway and Croatia.. EAPB members hold together 15 percent of the European market and have approximately 190 thousand employees.. The total assets of its members amount approximately to EUR 3,500 billion.. From the start of its two-year term of office as EAPB President, Mr Kovačev has represented the members of the Association towards the bodies of the European Union, particularly the European Commission, the European Parliament and the European financial institutions..

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  • Title: www.hbor.hr
    Descriptive info: HBOR Enables Borrowers to Use Grant Funds under the European Commission Programme: Energy Efficiency Finance Facility 2006 and 2007.. Borrowers can reduce loan principal by 15 per cent for energy efficiency improving investments.. Zagreb, 17 April 2012 – Hrvatska banka za obnovu i razvitak enables entrepreneurs that invest in the improvement of energy efficiency to use the Grant funds under the European Commission Programme: Energy Efficiency Finance Facility 2006 and 2007 that has been developed and is being implemented in co-operation with the European Investment Bank (EIB).. The Grant funds may be used together with the loan funds provided by the EIB directly through HBOR or through commercial banks that have entered into co-operation agreements with HBOR.. The loans are intended for the financing of fixed assets within the framework of investments which contribute to the saving of energy and/or the reduction of CO2 emissions, i.. e.. which increase energy efficiency of facilities in the building and industry sector..  ...   contribute to the improvement of energy efficiency of existing facilities: in the building sector – projects that generate energy savings of at least 30 per cent; and in the industry sector – projects that generate energy savings of at least 20 per cent and/or reduce CO2 emissions.. Within the framework of the Grant, borrowers are offered fee consultancy services for the assessment and verification of the achieved level of energy savings and/or reduction of CO2 emissions, i.. for the confirmation of success in investing in renewable energy resources.. By implementing its programmes for the financing of environmental protection, energy efficiency and renewable energy projects, by enabling the use of Grant funds under the European Commission Programme: Energy Efficiency Finance Facility 2006 and 2007, and by actively participating in the development of new energy efficiency loan programmes, HBOR aims to encourage Croatian entrepreneurs to sustainably develop their businesses and have a favourable impact on the environment in which they operate..

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  • Title: www.hbor.hr
    Descriptive info: HBOR extends loans in Kuna without currency clause.. Zagreb, 2 April 2012 – The Managing Board of HBOR made a decision on introducing the possibility of extending loans in Kuna (without currency clause) under its loan programmes which so far have been implemented only with the application of the two-way currency clause tied to EUR.. This decision is applied to loans approved in the period from 1 April 2012 to 31 December 2012 and relates to all programmes, except the loan programmes or part of the loan programmes implemented with the interest rate tied to EURIBOR..

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  • Title: www.hbor.hr
    Descriptive info: HBOR Lowered Interest Rates on Its Loans Again and Introduced New Programmes.. HBOR continuously adjusts its loan programmes in order to facilitate the access of businesses to the sources of funding.. Zagreb, 15 February 2012 – An interest rate reduction of 1 percentage point p.. has been introduced for the purpose of promoting new investment in agriculture, fishing, tourism, industry, energy efficiency, environmental protection and renewable energy resources.. Interest rates have been lowered across 8 loan programmes and currently stand at the following levels: “Environmental Protection” 1 per cent, 3 per cent and 3M EURIBOR + 1 per cent, “Industry” and “Tourism” 1, 3 and 5 per cent, “Agriculture and Balanced Development”, “Islands”, “SMEs”, “Innovations” 1 and 3 per cent and “Start-ups” 3 per cent.. Mr Anton Kovačev, President of HBOR’s Managing Board, announced today HBOR’s two new loan programmes: “Manufacturing Finance” and “IPA SME Grant” as well as lower interest rates under existing loan programmes.. The press conference was attended by Mr Gordan Maras, Minister of Entrepreneurship and Crafts and Mr Veljko Ostojić, Minister of Tourism.. Croatian businessmen are still dealing with the consequences of the economic crisis.. Therefore, HBOR has made a decision to lower its interest rates again in order to facilitate their access to favourable sources of funding.. The lowering of interest rates will be absorbed through a reduction in profits for 2012.. This is a temporary measure and relates to the loans to be approved in 2012.. It should be noted that the  ...   a term of up to 1 year with a possibility of rolling over.. Loans are on-lent through commercial banks.. The programme “IPA SME Grant” has been developed for the purpose of increasing the competitiveness of SMEs in the Republic of Croatia through the financing of pre-accession fund IPA component III C Grant candidate projects.. The goal of the new loan programme is to finance investment in new technologies, new manufacturing methods, green economy, environmental protection, energy efficiency, product certification, compliance with environmental standards and increase in competitiveness.. Under this programme, loans will be extended at the interest rate of 2 per cent p.. in HRK or in HRK indexed to foreign currency.. Repayment period is up to 5 years, grace period of up to 1 year included.. Loans are extended directly or through commercial banks.. “At HBOR, we are in a permanent contact with the Croatian businessmen.. By paying attention to their needs and analysing the challenges they face, we endeavour to provide them full support in order to facilitate their operations both in Croatia and in international markets.. Owing to the successful co-operation with international financial institutions, we provide them access to funding on as favourable terms and conditions as possible for the purpose of facilitating their operations and strengthening their competitiveness.. I believe that the presented new loan programmes and the lowering of interest rates will have a positive effect on their operations and will justify our expectations.. ” said Anton Kovačev, President of HBOR’s Managing Board..

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  • Title: www.hbor.hr
    Descriptive info: NEW - Manufacturing Finance.. Zagreb, 15 February 2012 – HBOR launched a new loan programme for Croatian exporters and manufacturers for the purpose of financing working capital needed for the manufacturing process..

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  • Title: www.hbor.hr
    Descriptive info: 11th International Conference on Export Promotion.. Croatian exporters and international financial experts gathered again by HBOR.. ZADAR, 21 September 2012 – The 11th International Conference on Export Promotion organised by Hrvatska banka za obnovu i razvitak under the auspices of the Ministry of the Economy took place in Zadar today.. More than 160 exporters and other participants involved in the creation of export products gathered at this year’s conference.. The conference was opened by welcome addresses of Mr Anton Kovačev, President of the HBOR Managing Board and Mr Radimir Čačić, First Deputy Prime Minister and Minister of the Economy.. When opening the conference, Anton Kovačev pointed out: „I believe that the exchange of opinions at this conference will open up new vistas and lead us to HBOR’s new programmes and solutions intended for exporters.. And when I mention new solutions, I have to repeat what I usually say on almost every occasion when exports are involved and at all our conferences held so far – without new products and services or the enhancement of existing products there is no increase in exports!!! HBOR will listen to  ...   his address: „A large number of participants at this conference is a message of hope and optimism.. “ On this occasion, Mr Čačić also congratulated HBOR on all the results achieved so far and emphasised that despite them there is still much more to do; however, with an additional support from the Croatian Government, HBOR will be able to achieve this.. Since 1997, HBOR has been providing support to exports through its loan programmes, export credit insurance and issuing of bank guarantees.. The most significant export markets covered by insurance are Russia, Bosnia and Herzegovina, Albania, Norway and Italy.. In the first eight months of 2012, HBOR approved loans to exporters totalling HRK 3.. 8 billion and insured export transactions against commercial and political risks in the amount exceeding HRK 1.. In this period, export guarantees were issued in the total amount exceeding HRK 200 million.. Through loans, insurance and export guarantees HBOR has provided support to exporters in the total amount of HRK 5.. The majority of beneficiaries of HBOR’s loans were exporters active in the manufacturing industries, such as food, chemical, electrical and wood industry..

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    Archived pages: 1113