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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 Introduced Changed Terms and Conditions of Loans.. HBOR continued to adjust its loan programmes in order to be more helpful to business entities by facilitating loan terms and conditions.. ZAGREB, 11th October 2011 – Mr.. Anton Kovačev, the President of the Managing Board of Hrvatska banka za obnovu i razvitak has presented today the changed terms and conditions of loans and shortly introduced IDFC- International Development Finance Club established by 19 world development banks, among them HBOR, too.. In 2011, the economic crisis continued to hinder the operations of Croatian business entities.. Therefore, HBOR decided to be more helpful to them by facilitating terms and conditions under individual loan programmes in terms of prolongation of grace periods and repayment periods and reduction of interest rates.. The prolongations of grace periods and repayment periods have been introduced under the following programmes: under the programme Environmental Protection, the grace period has been prolonged from 2 to 3 years, and the repayment period from 12 to 14 years; under the programme Industry, the grace period has been prolonged from 2 to 3 years, whereas the repayment period has been prolonged from 10 to 12 years; under the programme Tourism, the grace period has been prolonged from 2 to 4 years, and the repayment period from 15 to 17 years, and under the programmes Agriculture and Balanced Development and the Islands, the grace period has been prolonged from 2 to 3 years, and the repayment period from 12 to 14 years; under the programme Small and Medium Entrepreneurship, the grace period has been prolonged from 2 to 3 years, and the repayment period from 10 to 12 years; under the programme Start-Ups, the grace period has been prolonged from 2  ...   cadastral surveys and financing of cadastral surveys for the purpose of preparing the register of real estates.. New borrowers under the programme Innovations have been introduced – companies operating more than 2 years, provided that in the balance sheet for the previous period they stated the item intangible assets – investments in development.. The possibility of financing a higher percentage of permanent working capital for the activities of software development has also been approved.. On the occasion of introducing IDFC, Mr.. Anton Kovačev has pointed out that the goal of IDFC is to contribute significantly to the use of potentials in the area of energy efficiency and mitigation of climate changes in the active members’ countries.. IDFC can contribute to the use of GCF (UN Green Climate Fund with a potential volume of tens of billions EUR), but it has to position itself in relation to the Fund in the best way possible by presenting their common strategy and existing projects.. „We in HBOR always try to provide the most complete service to all Croatian business entities.. Due to favourable sources of finance, but also to the decrease in our profit, in the years of crisis we managed to provide funds on the same, and under some programmes on more favourable terms and conditions compared to the beginning of the crisis.. Since our entrepreneurs still operate in very difficult conditions, we decided to facilitate the terms and conditions of loans under individual loan programmes by prolongation of grace periods and repayment periods, and by reducing interest rates in order to help them to preserve their competitiveness, to overcome all difficulties and to make use of as many market opportunities as possible“, said Mr.. Anton Kovačev, the President of the Managing Board of HBOR.. 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 – Host to the Competition and Development Policy Committee of the European Association of Public Banks (EAPB).. Dubrovnik, 7 October 2011 - HBOR will host the meeting of EAPB’s Competition and Development Policy Committee, on the occasion of which the representatives of the European Investment Bank (EIB) in charge of the JESSICA financial  ...   in the discussions.. The representatives of more than 10 European development banks and financial institutions will gather at the meeting.. Hrvatska banka za obnovu i razvitak has been a member of the EAPB since 2007, and Mr.. Anton Kovačev, President of HBOR’s Managing Board, was elected President of the EAPB towards the end of 2010..

    Original link path: /Art1596
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  • Title: www.hbor.hr
    Descriptive info: HBOR at the Professional Business Meeting “Current Issues in Water Supply and Wastewater Disposal”.. Vodice, 26-30 October 2011 – The representatives of all utility companies of the Republic of Croatia will gather at the Professional Business Meeting “Current Issues in Water Supply and Wastewater Disposal” to take place at the Hotel Olympia.. On this occasion, HBOR will present the terms and conditions of  ...   in the Republic of Croatia.. All those interested will be given the relevant information pertaining to the use of the credit line and the other HBOR’s loan programmes that are related to the activities of utility companies (Infrastructure, IPARD - Measure 301, Environmental Protection).. Terms and conditions of the Credit Line for the Financing of Water Supply and Wastewater Disposal can be downloaded here..

    Original link path: /Art1594
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  • Title: www.hbor.hr
    Descriptive info: 10.. th.. International Conference on Export Promotion.. Croatian exporters and international financial experts gathered by HBOR.. DUBROVNIK, 16th September 2011.. – The 10th International Conference on Export Promotion organised by Hrvatska banka za obnovu i razvitak under the auspices of Ms.. Jadranka Kosor, the Croatian Prime Minister, took place at the Hotel Valamar Lacroma 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.. Zdravko Marić, State Secretary in the Ministry of Finance of the Republic of Croatia, and Mr.. Anton Kovačev, President of HBOR’s Managing Board.. The conference was divided in two panels.. The participants in the first panel called “Croatia as an EU Member State - Challenges and Opportunities for Croatian Exporters” were Wilhelm Molterer, Vice President of the European Investment Bank (EIB), Joaquín de la Herrán, Managing Director of the Spain Export Credit Insurance Agency (CESCE), Andreas Klasen, Managing Director of the Consortium Euler Hermes PricewaterhouseCoopers, Saša Keleman, Director of the Department of Export and Project Financing, SID Bank, Damir Kuštrak, Executive Vice President of Agrokor, Zdravko Marić, State Secretary in the Ministry of Finance of the Republic of Croatia, Boris Vujčić, Deputy Governor of the Croatian National Bank, and Anton Kovačev, President of the Managing Board of Hrvatska banka za obnovu i razvitak (HBOR).. The participants in the second panel called “Exports and Innovative Products – Key to Long-Term Development” were Nebojša Bošković, Head of the Technical Department of Banko d.. , Ivan Klapan, President of the Managing Board of KONČAR  ...   of the funds were approved for the financing of exports, of which more than HRK 2 billion for the pre- and post-shipment export finance.. A volume of export transactions insured through export credit insurance transactions, which are performed by HBOR for and on behalf of the Republic of Croatia, reached HRK 877 million.. Through insurance and reinsurance activities, support was provided to the export of Croatian goods and services to 48 countries for 721 buyers.. Albania, Bosnia and Herzegovina, Russia, Serbia and Belarus were the most significant export markets covered by insurance.. In the first six months of 2011, the total volume of insured exports amounted to HRK 748.. 9 million and the total amount of premium collected reached HRK 2.. 4 million.. Anton Kovačev, President of HBOR’s Managing Board, pointed out: “HBOR, as a development and export bank and an export credit agency of the Republic of Croatia, has been supporting Croatian entrepreneurs in their efforts to strengthen their position in international markets.. They need support in raising favourable funds for the financing of their projects and consultancy in the field of finance.. We are proud that HBOR has been successfully performing both of these tasks for a number of years.. HBOR’s experts have monitored the latest developments in the world closely in order to offer Croatian exporters a comprehensive service and the best solutions tailored to meet their requirements for the purpose of strengthening their competitiveness.. We are particularly happy to see that an increasing number of Croatian exporters are recognising the advantages and benefits offered to them by HBOR.. ”.. Photo gallery..

    Original link path: /Art1585
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  • Title: www.hbor.hr
    Descriptive info: Memorandum of Understanding Signed by Hrvatska banka za obnovu i razvitak and the Lebanese Credit Insurer s.. a.. l.. (LCI), an insurance company of Lebanon and the Middle East.. Zagreb, 3 June 2011.. - Hrvatska banka za obnovu i razvitak and the Lebanese Credit Insurer s.. ( LCI ), an insurance company of Lebanon and the Middle East, signed a Memorandum of Understanding in Beirut today.. The Memorandum was signed on the occasion of the Levant Region Trade Investment Conference in Lebanon that was also attended by the representatives of HBOR.. The goal of the Memorandum is to establish a framework for future co-operation between HBOR and LCI in the field of issuing guarantees and insuring exports, providing support for and encouraging trade and investments between the Republic of Lebanon and the Republic of Croatia as well as participating in and supporting joint projects in third countries.. The MoU also envisages the main areas of co-operation and  ...   joint venture between ATRADIUS (the second largest credit insurer in the world), a group of local and regional insurance companies and private holding companies.. LCI’s focus is on domestic and export trade credit insurance (trade receivables insurance).. Its policies cover manufacturers, trading companies and providers of services against the risk of non-payment of their local and foreign customers.. In addition, LCI offers other trade receivables management tools such as credit information, debt collection services and factoring.. Today, LCI is recognised as a driving force in the regional markets by supporting corporations in their local trade and export activities.. It brings to the market innovative credit management solutions and efficient credit protection means that have certain effects on the financial recovery of companies.. The initiative for the strengthening of co-operation and the signing of the MoU with LCI was launched in September 2010 on the occasion of the autumn meeting of the Prague Club in Zagreb hosted by HBOR..

    Original link path: /Art1576
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  • Title: www.hbor.hr
    Descriptive info: Positive Business Results in 2010.. New Loan Programmes for 2011.. ZAGREB, 20 April 2011 – Mr.. Anton Kovačev, President of HBOR’s Managing Board, presented 2010 Annual Financial Statements and new programmes for 2011.. In 2010, HBOR generated total income of HRK 921 million, which represents a decrease of 2 percent compared with the total income generated in 2009.. Total expenses amounted to HRK 803 million, an increase of 3 percent.. Profits generated by HBOR in 2010 amounted to HRK 118 million, a decrease of 28.. 7 percent compared with 2009.. This decrease is a consequence of HBOR consciously keeping its interest rates on the same level as those before the outbreak of the global financial crisis, which made it possible for HBOR to provide funding for Croatian entrepreneurs under as favourable terms and conditions as possible.. Expenses rose owing to new borrowings and increased provisions for rescheduled placements.. Compared to 2009, net loans rose by 5.. 2 percent and reached the level of HRK 21.. 25 billion at the end of 2010 representing 93 percent of HBOR’s total assets.. In 2010, total liabilities rose by 35 percent compared with the beginning of the year and stood at HRK 15.. 9 billion (68 percent of total liabilities, equity and guarantee fund) at  ...   same period last year.. In the first quarter of 2011, 165 investment loans were approved totalling HRK 434 million, whereas 72 loans totalling HRK 444 million had been approved in the same period 2010.. Therefore, it can be concluded that entrepreneurs increasingly opted for small-scale investments.. In 2011, HBOR launched three new loan programmes: Preparation of Agricultural Production, Female Entrepreneurship and Liquidity.. The terms and conditions of existing loan programmes were changed as follows: a loan-financed part of investment was increased and amounts to 75 percent or even 85 percent by individual programmes, interest rates were reduced, and grace and repayment periods were extended.. In addition, the implementation of the Restructuring Programme started again.. In the coming period, HBOR will continue to implement the Measures for Economic Recovery and Development through the Model A+ and the improved Model B.. HBOR will also continue to improve co-operation with international financial institutions.. It is planned to sign new agreements with the IBRD in the amount of EUR 200 million for the financing of tourism and infrastructure, with KfW in the amount of EUR 18 million for the financing of the Water Supply and Wastewater Project - Phase 3, and with EIB in the amount of EUR 100 million for the financing of SMEs..

    Original link path: /Art1572
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  • Title: www.hbor.hr
    Descriptive info: Memorandum of Understanding Signed by Hrvatska banka za obnovu i razvitak and China Development Bank.. Zagreb, March 2011.. - Hrvatska banka za obnovu i razvitak (HBOR) and China Development Bank (CDB) signed a Memorandum of Understanding.. The Memorandum of Understanding establishes the main areas of co-operation and exchange of information pertaining to the projects that will contribute to the strengthening of economic co-operation between the Republic of Croatia and the People’s Republic of China.. The co-operation relates to the possibilities of co-financing and joint financing of export projects.. The MoU also envisages co-operation in the field of exchange of  ...   of China.. The rating agencies Fitch and S P assigned CDB an A+ rating.. The role of the bank is to ensure development of public infrastructure (electricity, motorways, railways, oil and oil derivatives, gas and gas pipelines, coal mining, telecommunications, agriculture and supporting industries, public transportation (underground), even regional development, development of rural areas and development of international co-operation.. HBOR attaches great significance to the establishment and development of international co-operation, which is evidenced by more than forty memoranda of understanding signed so far with an objective of providing support for Croatian exporters when they enter demanding foreign markets..

    Original link path: /Art1556
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  • Title: www.hbor.hr
    Descriptive info: Presentation of.. Hrvatsko kreditno osiguranje.. HKO offers Croatian business entities a comprehensive service in the field of insurance and management of receivables.. Zagreb, 9 February 2011.. –.. , the first company specialised in the insurance of the collection of receivables relating to the deliveries of goods and services was presented at the press conference that took place on the premises of Hrvatska banka za obnovu i razvitak today.. Mr.. Edvard Ribarić, Chairman of HKO’s Managing Board, and Mr.. Anton Steffko, Member of HKO’s Managing Board, presented the tasks and plans of HKO, whereas Mr.. Anton Kovačev, President of HBOR’s Managing Board, and Mr.. Helmut Altenburger, General Manager of OeKB Südosteuropa Holding GmbH, explained the reasons for the establishment of a new company.. The press conference was attended also by Mr.. Branimir Berković, Chairman of HKO’s Supervisory Board.. is a joint stock insurance company, in which a 49 percent interest is owned by OeKB (OeKB Südosteuropa Holding GmbH) and a 51 percent interest by HBOR.. The company started its operations on 1 July 2010 and is the only insurance company specialised in  ...   info servis d.. , whose primary task is the assessment of risk and the evaluation of creditworthiness on the part of business entities.. HKO continuously monitors risks on the basis of standards accepted worldwide, which creates numerous benefits for its clients such as safe collection of receivables and safe tapping of new markets, possibility of selling on credit terms and focusing on their own growth, thus strengthening their competitiveness.. “We believe that the service offered by HKO will additionally encourage Croatian business entities to enter into foreign markets.. As illustrated by the global financial crisis and the current situation in Egypt, risks do exist and their significance is growing.. Consequently, a service like this is indispensable.. Insurance of the collection of receivables contributes also to the improvement of payment discipline and overall liquidity in the economy.. The growth in GDP in Croatia cannot be achieved without the strengthening of efforts in exports.. Therefore, we will be at the service of all Croatian business entities daily in order to help them achieve their business goals,” said Edvard Ribarić, Chairman of HKO’s Managing Board..

    Original link path: /Art1547
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  • Title: www.hbor.hr
    Descriptive info: Memorandum of Understanding Signed by Hrvatska banka za obnovu i razvitak and ABC International Bank plc.. Co-operation between HBOR and the strong Arab banking group will contribute to the strengthening of economic co-operation between Croatia and Islamic countries.. Zagreb, 19 January 2011.. - Hrvatska banka za obnovu i razvitak (HBOR) and ABC International Bank plc (ABCIB) signed a Memorandum of Understanding at the Euromoney Conference in Vienna yesterday that will contribute to the strengthening of the mutual co-operation and the economic co-operation between Croatia and Islamic countries.. The co-operation includes the possibility of co-financing and joint financing of export projects..  ...   By entering into co-operation with the ABC International Bank, HBOR has given Croatian exporters the possibility of easier and safer access to the market of Islamic countries.. The ABC International Bank plc (ABCIB) belongs to the Arab banking group called ABC that was established in 1980 and is headquartered in Manama, the Kingdom of Bahrain.. It has a network spreading over 22 countries throughout the world (Algeria, Iraq, Lebanon, Jordan, Libya, Egypt, Tunisia etc).. The principal ABCIB’s shareholders are the Central Bank of Libya (41.. 65%), the Kuwait Investment Authority (29.. 69%) and the Abu Dhabi Investment Authority (17.. 72%)..

    Original link path: /Art1535
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  • Title: www.hbor.hr
    Descriptive info: Anton Kovačev Elected President of EAPB.. Additional Confirmation of HBOR’s International Reputation.. ZAGREB, 8 December 2010.. – Anton Kovačev, President of HBOR’s Managing Board, was elected President of the European Association of Public Banks (EAPB) for a term of two years at the EAPB’s General Assembly that took place in Brussels yesterday.. The European Association of Public Banks (EAPB) was founded on 4 May 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 130.. Today, the EAPB gathers institutions from different European countries that 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.. The members of the EAPB are financial institutions, agencies, state-owned banks and other similar institutions  ...   interests of its members, regular reporting to and counselling with the members on possible financial, political and/or legislative measures that affect or might affect their operations as well as developing the co-operation among its members.. The EAPB gathers opinions from its members on individual legislative acts and/or draft amendments to such acts and reports to the EU legislative bodies on their comments and standpoints.. In the two coming years, Mr.. Anton Kovačev will, as EAPB President, represent the interests of the Association and its members before EU bodies, which means that the Republic of Croatia will have an active role in European financial circles even before its formal accession to the EU.. Hrvatska banka za obnovu i razvitak has been a member of the EAPB since 2007, and the election of the President of its Managing Board as President of the EAPB is a major recognition of the activities of HBOR and the Republic of Croatia..

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  • Title: www.hbor.hr
    Descriptive info: HBOR Announced Business Results for 2010.. Presentation of New Programmes for 2011.. ZAGREB, 14 December 2010.. – Anton Kovačev, President of HBOR’s Managing Board, announced today the results of HBOR’s operations for 2010 and Ivanka Maričković Putrić, Credit Division Executive Director, presented two new loan programmes: IPARD Measure 301 and IPARD Measure 302.. During the eleven-month period of 2010, altogether 1,426 loans were granted, and the volume of lending rose by 7.. 7 percent compared with the same period last year to reach the amount of HRK 6,076 million.. 86 percent of the total amount of funds was granted for the manufacturing activities mostly in the food industry, the metal and wood industry, the chemical industry and the agriculture and fishery industries.. In 2010, the share of HBOR’s loans in GDP rose (compared with the previous year) in the following counties: Primorsko-Goranska County, Sisačko-Moslavačka County, Karlovačka County, Požeško-Slavonska County, Bjelovarsko-Bilogorska County and Krapinsko-Zagorska County.. Most of these counties are included in the area of special state concern, which additionally confirms HBOR’s development role.. Under Model A, HBOR and commercial banks have so far disbursed loans to Croatian entrepreneurs in the amount of HRK 1.. 9 billion, of which 76.. 3 percent was used for the fulfilment of obligations towards suppliers, 8.. 2 percent for the fulfilment of obligations towards financial institutions, 7.. 4 percent for the fulfilment of obligations towards the state and 8.. 1 percent for other obligations.. IPARD – Measure 301 aims at the development of basic rural infrastructure, particularly of infrastructure for the promotion of economic and social activities targeted at balanced growth, improved living  ...   at the diversification and development of rural economic activities through the IPARD programme and covers investments in rural tourism, traditional crafts, direct sale, freshwater fishery, services sector (IT centres, day care centres, playrooms), investments in on-site processing at farms, mushroom production, renewable energy resources (at farms).. The loans extended under this Programme are intended for the financing of fixed assets (construction/reconstruction of buildings, machines, equipment, tools, hardware and software, boats, fishing boats, nucleus schools of fish, animals) and permanent working capital (up to 15% of the entire loan amount).. Borrowers can be natural persons and legal entities (in the level of micro entities) that have entered into a Contract on the Allocation of Funds under the IPARD Programme with the Paying Agency for Agriculture, Fisheries and Rural Development.. The interest rate is 2 percent per annum, repayment period is up to 12 years, 2-year grace period included.. In 2010, despite difficult operating conditions, Hrvatska banka za obnovu i razvitak managed to co-operate successfully with special financial institutions and raised EUR 350 million for the financing of Croatian businessmen as follows: EUR 50 million from CEB through a credit line for micro, small and medium-sized enterprises, EUR 250 million from EIB through a credit line for small and medium-sized enterprises and infrastructure, and EUR 50 million from KfW of which EUR 30 million for the financing of tourism and EUR 20 million for micro-loans.. Additional confirmation of HBOR’s international reputation and the successful and devoted work of its employees was the election of Anton Kovačev, President of HBOR’s Managing Board, as President of the European Association of Public Banks (EAPB)..

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    Archived pages: 1113