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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.. EUR 50 Million Framework Loan Agreement Signed by HBOR and CEB.. Additional EUR 50 Million for the Development of SMEs.. Zagreb, 9 February 2010.. – Mr.. Anton Kovačev, President of the Managing Board of Hrvatska banka za obnovu i razvitak (HBOR), and Mr.. Imre Tarafás, Vice-Governor of the Council of Europe Development Bank (CEB), signed a EUR 50 million Framework Loan Agreement at CEB headquarters in Paris yesterday.. The proceeds of the loan will be used for the financing of new SME investment activities in the Republic of Croatia.. The objective is to contribute to the strengthening of competitiveness of the Croatian SME sector and encourage both the creation of new and the maintenance of existing jobs.. The SME  ...   with the implementation of its regular loan programmes for the financing of the economy.. By signing this agreement, HBOR raised additional funds for the support of the SME sector.. The signing of the Framework Loan Agreement is another confirmation of the long-lasting successful co-operation between Hrvatska banka za obnovu i razvitak and the Council of Europe Development Bank that was initiated in 2010 and continued by the signing of the Framework Agreement in 2008.. The implementation of the 2008 loan agreement of EUR 50 million for the financing of SMEs, the proceeds of which were used for the financing of 77 projects, was assessed as very successful by CEB.. As a result, upon HBOR’s expression of interest, CEB decided to continue its co-operation with 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: HRK 5.. 6 Billion in Support of the Economy.. Zagreb, 16 December 2009.. – Hrvatska banka za obnovu i razvitak (HBOR) committed more than HRK 5.. 6 billion in loans during the period January – November 2009, mostly to small and medium-sized entrepreneurs.. Although it had been announced in the beginning of the year, that there would be a decrease in the volume of lending of 25-30% compared with 2008, HBOR extended 1,130 loans totalling HRK 5.. 6 billion during the eleven-month period of 2009.. Lending was slightly reduced compared with the same period last year; however, HBOR expects that the business year end will be the same as in 2008, when the number of HBOR’s commitments exceeded 1,000 loans for the first time ever.. Demand for HBOR’s funds was exceptional, which is reflected in a 6.. 3% increase in the number of loan commitments.. The highest number of loans was extended in support of exports and SMEs.. Like in previous years, HBOR's most demanded programme was the Pre-Export Finance Programme, through which 485 loans were committed totalling more than HRK 3.. 7 billion.. Besides lending, significant results were achieved in the field of export credit insurance.. The economic crisis brought an increase  ...   (EIB) and International Bank for Reconstruction and Development (IBRD).. The funds were raised under the terms and conditions that were in place before the global economic and financial crisis, which made it possible for HBOR to maintain its interest rates at the levels seen in previous periods: from 2 to 6% per annum.. With an objective of mitigating the impacts of the economic crisis, primarily aiming to ease illiquidity problems and maintain jobs, HBOR launched four new loan programmes this year that are intended for the financing of working capital – Manufacturing Finance, Permanent Working Capital, Liquidity and Exports-IBRD.. The new programmes provide entrepreneurs access to long-term working capital and directly strengthen their competitiveness and liquidity.. In addition, a new IPARD programme was introduced for co-financing purposes together with the funds of the IPA Rural Development Component, i.. e.. IPARD Programme, Measure 1.. 1 (agricultural farms - producers) and Measure 1.. 2 (companies and crafts businesses – processing).. In 2010, HBOR will continue to provide strong support for exports and SMEs, and it is expected that the volume of lending activity will be maintained at this year’s level.. For further information, please contact: Koraljka Perutka Fabijanić, HBOR's spokeswoman, phone: 01/4591 791, e.. mail:.. kperutka@hbor.. hr..

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  • Title: www.hbor.hr
    Descriptive info: HBOR’s 8th Export Promotion Conference in Zagreb.. ZAGREB, 30th September 2009.. – The main topics on the agenda of this year’s International Conference on Export Promotion were the financial crisis and its impact on export finance and export credit insurance as well as the manner of conducting business in such changed conditions in the international market.. The conference organised by Hrvatska banka za obnovu i razvitak (HBOR) under the auspices of the Government of the Republic of Croatia took place in Zagreb this year.. In her opening speech, Croatian Prime Minster, Jadranka Kosor, said that exporters were among the major driving forces behind the Croatian economy crucial for overcoming the crisis.. “Being a small and open economy, Croatia is included in international flows of capital and, therefore, could not remain untouched by the crisis.. Economies instinctively respond to a crisis by closing their boundaries, which affects exports first.. ” maintained Kosor.. She continued by saying that the Government, through its economic policy, used its best efforts to ensure stability and good conditions for the further development of the Croatian economy and, consequently, exports.. “Within the framework of antirecession measures, a program for promoting international competitiveness and business internationalisation has been launched.. The fall in the GDP has been stopped in the second quarter, which justifies our saying that we see the way out of the crisis.. This will be accomplished if we demonstrate optimism, persistence  ...   challenging ones for the Bank.. “In difficult financing conditions characterised by the lack of quality assets, businessmen have turned to HBOR.. An increase in loan demand was obvious already in the second half of the last year.. ” stressed Kovačev.. For the purpose of facilitating access to loan funds at favourable interest rates for entrepreneurs in the period of economic and financial crisis, wishing to directly affect their competitiveness and liquidity, HBOR has launched three new loan programmes this year: the Manufacturing Finance Programme, the Permanent Working Capital Programme and the Liquidity Loan Programme.. In the first eight months of 2009, altogether 445 loans were committed totalling HRK 3.. 4 billion, an increase of approximately 23% compared with the same period last year.. HBOR’s most used programme has been the Pre-Shipment Export Finance programme with more than HRK 3 billion in committed funds.. The funds have mostly been granted for the following activities: food and beverage manufacturing industry, metal manufacturing industry, wood processing industry, machine manufacturing industry, and rubber and plastic product industry.. In the field of export credit insurance performed by HBOR for and on behalf of the Republic of Croatia, the volume of insured export transactions equalled approximately HRK 1.. 4 billion and the number of insurance policies issued reached approximately 1,000 policies in the first eight months this year, which represents an increase of 30% compared with the same period last year.. Agenda..

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  • Title: www.hbor.hr
    Descriptive info: World Bank Loan to HBOR for Support for Exports and Job Creation.. ZAGREB, 2nd September 2009.. Anton Kovačev, president of the Managing Board of the Croatian Bank for Reconstruction and Development and Mr.. Andras Horvai, World Bank Country Manager in Croatia, signed today the Loan Agreement in the amount of EUR 100 million for Export Finance Intermediation Loan.. The Croatian Minister of Finance, Mr.. Ivan Šuker also signed a Guarantee Agreement wit the World Bank, for the loan.. The Export Finance Intermediation Loan will assist the Government of Croatia’s efforts to expand and ensure a  ...   exports as well as preserving employment during this period of global economic crisis.. The funds will provide medium and long term working capital to exporters and foreign exchange-earning enterprises, such as the ones operating in tourism sector.. HBOR will make the funds available to commercial banks, which in turn will on-lend to eligible private companies - exporters.. The funds are approved to HBOR in accordance with the terms and conditions of the World Bank Flexible Long-Term Loans with an interest rate equal to six month LIBOR for EUR plus fixed spread at 1.. 2%.. document download..

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  • Title: www.hbor.hr
    Descriptive info: The World Bank approved a EUR 100 million loan to HBOR.. The Board of Executive Directors of the World Bank, at its meeting held on 4th August 2009, approved a loan in the amount of EUR 100 million to Hrvatska banka za obnovu i razvitak (Croatian Bank for Reconstruction and Development).. The loan proceeds will be used to finance projects aimed at enhancing competitiveness and export in the private sector, including tourism.. The signing of the  ...   is expected by the end of August and after that the Loan Agreement will be submitted for approval to the Croatian Parliament.. The loan funds will be made available under a new HBOR loan program to commercial banks which in turn will on-lend to final borrowers.. The loan is a result of efforts to provide Croatian entrepreneurs access to finance under more acceptable terms and facilitate business operations in the conditions of the global economic crisis..

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  • Title: www.hbor.hr
    Descriptive info: HBOR presents anti-recession measures.. Zagreb, 12th May 2009 - at today’s press-conference, Hrvatska banka za obnovu i razvitak (HBOR) with participation of the president of HBOR’s Supervisory Board, Minister of Finance, Mr.. Ivan Šuker presented its anti-recession measures.. Mr.. Anton Kovačev, President of the Managing Board of Croatian Bank for Reconstruction and Development presented two new loan programmes – Permanent Working Capital and Financing of Production as well as amendments to the existing loan programmes.. The Bank has also announced that in spite of previously announced 30% reduction in lending activities, the first four months of the year have shown that lending activities remained on the last year’s level.. In order to mitigate the consequences of the recession, burdening entrepreneurs, HBOR has introduced two new loan programmes in the current year: Permanent Working Capital and Financing of Production.. The Programme for Permanent Working Capital is implemented in co-operation with the European Investment Bank (EIB).. The new loan programme will provide small and medium-sized entrepreneurs with the possibility to access the required permanent working capital with repayment period longer than two years in order to facilitate their faster growth and increase their market share.. The priority in loan application processing is given to loans in the amount of up to HRK 8 million, borrowers which have in the last business year increased the volume of operating income, income from exports or production output for at least 5% as well as those investing in upgrading of operative processes, environmental protection and have increased the number of employees.. Interest rate under the new programme is 6 or 4% p.. a.. depending on the operating activities or the area in which the investment is taking place and repayment terms are 2 - 5 years.. This programme as well as the Loan Programme for Investments in Production, introduced in February of the current year will be implemented via commercial banks.. Apart from  ...   rate which resulted in reduction of annual interest rates under the Programme for Pre- and Post-shipment.. According to the new methodology, the basic reference interest rate is reduced from 7.. 63% to 4.. 46%.. HBOR’s interest rate under the Loan Programme for Pre- and Post-shipment may not be lower than the reference interest rate and therefore after the above mentioned reduction of 41.. 6%, the effective interest rates under the Loan Programme for Pre-and Post-shipment are 5 and 5.. 5% per annum.. In spite of the fact, that the reduction of lending activities for 30% has been announced at the end of last year, the operating results in the first four months of 2009 show that the Bank has for the time being managed to keep the level of lending activities at the last year’s level.. In the first four months of the current year, more than HRK 2 billion of loans were committed and out of that amount HRK 900 million were committed for small- and medium-sized enterprises.. The demand for HBOR’s insurance programmes for export receivables collection is 30% higher however export insurance policies are, in Bank’s opinion, still insufficiently used as a protection mechanism, particularly in the period of recession.. In addition to funds which have already been provided, HBOR is planning the signing of contracts for new credit lines with international financial institutions.. Therefore, the co-operation with the Council of Europe Development Bank (CEB) on financing small and medium-sized entrepreneurs will continue.. EIB will co-finance large projects in tourism and industry and each project will require the approval of both HBOR and EIB.. The co-operation with the World Bank (IBRD) on financing Croatian exporters is arranged.. The arrangements for extended co-operation with the German development bank, KfW (Kreditanstalt für Wiederaufbau) under the existing credit lines for micro-lending and agriculture are under way and negotiations for a new credit line for industry have been instigated..

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  • Title: www.hbor.hr
    Descriptive info: HBOR - Host of the EAPB Annual Meeting.. Dubrovnik, 24th April 2009.. – Hrvatska banka za obnovu i razvitak (HBOR) hosted the annual meeting of the European Association of Public Banks (EAPB).. In the meeting that was held in hotel «Argentina» in Dubrovnik and gathered about forty leaders of public banks, the implementation and development of the European anti-recession programmes were discussed.. “EAPB analyzes thoroughly a number of European countries' programmes for tackling the financial crisis and provides help to its members and their economies in the process of recovery and regaining of clients' trust”, said Mr.. János Erős, the President of EAPB during the meeting.. As the host of the meeting, Mr.. Anton Kovačev, the President  ...   for Croatian entrepreneurs to have an equal position and same conditions as those available to competitors they compete with in the international market, particularly that of the European Union.. Such status of local entrepreneurs and excellent cooperation with EAPB are of special importance in the circumstances of the current unstable economic situation» concluded Mr.. Kovačev.. HBOR is the first financial institution from Croatia that became a member of EAPB.. This association gathers export and development banks and agencies, commercial banks and other financial institutions from different European countries and represents interests of banks holding 15% of share in the European market and employ about 190 thousand workers.. Total assets of member institutions amount more than EUR 3,500 billion..

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  • Title: www.hbor.hr
    Descriptive info: EUR 250 Million Loan Agreement Signed by HBOR.. ZAGREB, 26th March 2009 - Hrvatska banka za obnovu i razvitak (HBOR) and the European Investment Bank (EIB) signed a Loan Agreement of EUR 250 million in Luxembourg.. The proceeds of the loan are intended to be used primarily for the financing of SMEs, environmental projects and infrastructure projects in the public and the private sector.. The Agreement gains in significance in the light of the fact that this is the largest loan provided by the EIB in Croatia so far.. Not only is it the highest in the amount, but it also enables HBOR to offer Croatia’s small and medium-sized enterprises access to finance under the same terms and conditions as  ...   by Mr.. Matthias Kollatz-Ahnen, Vice-President of the EIB, and Mr.. Anton Kovačev, President of HBOR’s Managing Board.. On the signing of the Agreement, Mr.. Kovačev said: “EIB is one of the rare international financial institutions that provide favourable funding in these extremely difficult market conditions.. As a result of the joint efforts of the Government of the Republic of Croatia, i.. the Ministry of Finance, and HBOR, the negotiations on this credit line were successfully concluded.. ”.. The co-operation between HBOR and EIB started in 2001, when the first loan agreement of EUR 10 million was signed.. The continuation of the co-operation was marked by two further loan agreements totalling EUR 100 million that were signed in 2007 and 2008..

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  • Title: www.hbor.hr
    Descriptive info: HBOR Provides Liquidity for the manufacturing sector.. ZAGREB, 19th February 2009 – For the purpose of enabling manufacturers to operate smoothly under conditions of an economic crisis and in order to favourably affect the liquidity and competitiveness of manufacturers, Hrvatska banka za obnovu i razvitak launches a new programme – Manufacturing Finance.. The loan programme is primarily targeted at small and medium sized enterprises and will be implemented through on-lending banks.. The proceeds of the loan will be used for the financing of current assets in preparation of the manufacturing process, for the bridging over of the period until the collection of payment for the goods sold, or for the entire cycle from the preparation of the manufacturing process until the collection of payment for the goods sold.. The loan amount depends on the availability of HBOR's funds, the opinion of the commercial bank, the volume of current assets needed, the level of achieved operating income and the possibility of using de minimis state aid.. Loan applications  ...   + 3.. 75% p.. , currently equalling 5.. 65% p.. HBOR believes that the new loan programme will create a basis for the financing of manufacturers’ operations under more favourable terms and conditions, which is particularly significant in times of delayed payment for goods sold, declining orders in the domestic and foreign market, and deteriorated terms and conditions of finance offered by commercial banks.. HBOR maintains that this loan programme is not intended for enterprises that have been experiencing difficulties for a longer period of time, i.. that have been recording losses so far.. It is intended primarily for those manufacturers that are currently facing liquidity problems due to the financial and economic crisis.. Having been prepared in accordance with the measures taken by the Government of the Republic of Croatia aiming to overcome difficulties facing the economy that have been caused by the global economic crisis, the programme has been adopted at the yesterday’s meeting of HBOR’s Supervisory Board.. Anton Kovačev.. President of the Managing Board..

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  • Title: www.hbor.hr
    Descriptive info: HBOR: SMEs and Exports – Priorities for 2009.. Zagreb, 19th December 2008.. – This year, the focus of Hrvatska banka za obnovu i razvitak (HBOR) has been on exports and SMEs, which is expected to be continued next year.. This conclusion was made on today’s presentation of the Bank’s results achieved this year.. In support of that statement, HBOR signed two loan contracts this week.. On Tuesday, the Loan Agreement for € 15 million was signed with KfW, the German development bank, for the financing of water supply and wastewater disposal projects, and the Framework Loan Agreement amounting to € 50 million was signed with the Council of Europe Development Bank (CEB) for the financing of SMEs on Wednesday.. There has been a considerable interest in HBOR’s loans this year, which is reflected in the increase in both the number of loans committed and the volume of committed amounts.. By the end of November 2008, altogether 1,064 loans were granted, totalling HRK 5,861 million.. Almost 59% of all HBOR’s loans were extended for the financing of exports.. In total, HBOR extended ca HRK 3.. 5 billion loans in support of exporters during this year.. HBOR’s most used programme was the Pre-Shipment Export Finance programme.. The loans extended  ...   reached HRK 1.. 8 billion, an increase of 29% compared with the same period 2007.. Most of the loans were committed to the SME sector.. Through all HBOR’s loan programmes, 880 loans totalling HRK 2.. 9 billion were extended to SMEs.. The highest number of loans, more than 200, was granted through the programme for the financing of agriculture and small enterprises in the areas of special state concern.. A significant interest was shown also in the field of micro-loans with 42 loans totalling ca HRK 12 million.. HBOR’s lending activity enabled the creation of more than 3.. 5 thousand new jobs in 2008.. In January this year, HBOR became an active member of the European Association of Public Banks (EAPB).. HBOR is pleased to stress that some of HBOR’s suggestions have been introduced into EAPB’s comment on the draft statement of the European Commission establishing the framework of state aid measures for facilitating access to finance in times of financial crisis.. Last month, HBOR accepted the membership offer of the Network of European Financial Institutions for SMEs (NEFI).. This is an informal organisation of 13 financial institutions from EU member states, and HBOR will, starting from 1st January 2009, be the only member from outside the EU..

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  • Title: www.hbor.hr
    Descriptive info: € 100 Million Loan Signed by HBOR.. ZAGREB, 28th November 2008 - Hrvatska banka za obnovu i razvitak (HBOR) signed the Club Loan Facility Agreement of € 100 million with a syndicate of banks consisting of Erste Group Bank AG, Austria, Erste Steiermärkische bank d.. , Hypo Alpe-Adria-Bank d.. , Raiffeisenbank Austria d.. , Societe Generale-Splitska banka d.. and Privredna banka Zagreb d.. as the Mandated Lead  ...   programmes, and the signing of this Agreement represents the first concrete measure in overcoming the difficulties caused by the global financial situation.. The entering into of this Agreement additionally confirms the fact that the commercial banks in Croatia strongly support the Croatian economy through the financing of HBOR as a key link in promoting the development of small and medium-sized enterprises as well as supporting Croatian exporters..

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    Archived pages: 1113