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Hrvatska banka za obnovu i razvitak is the development and export bank of the Republic of Croatia with the main task of promoting the development of the Croatian economy. 
By extending loans, insuring export transactions against political and commercial risks, issuing guarantees and providing business advice, HBOR builds bridges between entrepreneurial ideas and their accomplishment with the objective of enhancing the competitiveness of the Croatian economy.


 


News and Announcements

Vladimir Kristijan appointed Vice-President of ELTI

Additional confirmation of HBOR’s international reputation

Zagreb, 19 November 2014 – Vladimir Kristijan, President of HBOR’s Managing Board unanimously appointed Vice-President of the association at the second General Assembly of the European Long-Term Investors Association – ELTI

 

Goran Filipić appointed new member of the Managing Board of HBOR

Zagreb, 16 October 2014 – The Supervisory Board of Hrvatska banka za obnovu i razvitak accepted the proposal of the Government of the Republic of Croatia to appoint Mr Goran Filipić Member of the Managing Board of HBOR.
 

HBOR PUBLISHED ITS SEMI-ANNUAL REPORT

Zagreb, 29th August 2014 – Hrvatska banka za obnovu i razvitak published today its semi-annual financial statements for 2014. In the reporting period, total income amounted to HRK 472.4 million, expenses to HRK 377.7 million and profit to HRK 94.7 million.

 

HBOR and EIF signed the CIP Guarantee Agreement


From autumn onwards easier access to loans for micro-entrepreneurs

Zagreb, 7th August 2014 – European Investment Fund (EIF) and Hrvatska banka za obnovu i razvitak (HBOR) signed the Guarantee Agreement under the Competitiveness and Innovation Framework Programme (CIP) with the goal to encourage commercial banks to extend loans to micro-entrepreneurs, especially start-ups. The Agreement has been signed by Mr Vladimir Kristijan, the President of the Managing Board of HBOR, Martina Jus, the Member of the Managing Board of HBOR and Pier Luigi Gilibert, Chief Executive of EIF.

 

With the support of HBOR, Croatian entrepreneurs are building a holiday resort worth EUR 88.3 million in Russia

Zagreb, 13 June 2014 – A EUR 75 million Credit Agreement was signed on HBOR’s premises by HBOR and “DNP BORISOV GORODOK” today for the purpose of financing the project of constructing a holiday resort with related infrastructure in Russia, the implementation of which includes some fifty Croatian companies under the leadership of the company Acquamarin. The Agreement was signed by the Members of the Managing Board of HBOR, Ms Martina Jus and Mr Mladen Kober, and by the investor, Mr Armenak Safarov, the owner of the company “DNP BORISOV GORODOK”. The signing ceremony was attended by Mr Robert Tomić, Member of the Managing Board of Acquamarin d.o.o. Rijeka.

 

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.
 

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.
 

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
 

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
 

Memorandum of Understanding signed by HBOR and Banca UBAE S.p.A.

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
 

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 signing ceremony was attended by Mr Slavko Linić, Minister of Finance.

 

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.

 

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.
 

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.d., and Ms Ivanka Maričković Putrić, Senior Executive Director of HBOR.

 

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.d. and IKB Umag d.d. under HBOR programmes.
 

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.
 

HBOR at the IDFC Second Annual Meeting - The meeting was attended by UN Secretary General Ban Ki-moon

15 October 2013 – On the occasion of the Annual Meetings of the World Bank and the International Monetary Fund, the Second Annual Meeting of the International Development Finance Club (IDFC) took place, which was attended by Anton Kovačev, President of HBOR’s Managing Board.
 

Croatian Exporters and World Financial Experts Gathered by HBOR this Year Again

12th International Conference on Export Promotion

Dubrovnik, 06 September 2013 – The 12th International Conference on Export Promotion organised by the Croatian Bank for Reconstruction and Development under the auspices of the Croatian Government is held today in hotel Valamar Lacroma. The Conference gathered more than 200 exporters and participants in the process of creation of an export product. The audience was addressed by Mr Anton Kovačev, President of the Managing Board of HBOR, Mr Andro Vlahušić, Mayor of Dubrovnik, Mr Joško Klisović, Deputy Minister of Foreign and European Affairs and Mr Slavko Linić, Minister of Finance in the Croatian Government.

 

New HBOR Loan Programmes for Youth and Start-ups with Interest Rate Subsidies

Zagreb, 26th August 2013 – From 1st September onwards, new loan programmes of the Croatian Bank for Reconstruction and Development (HBOR) will be available to young people up to 30 years of age and to start-ups within the framework of which interest rate will be subsidized by the Ministry of Entrepreneurship and Trade, announced the Minister of Entrepreneurship and Trade Mr Gordan Maras and the President of the Managing Board of HBOR Mr Anton Kovačev at the press conference today.
 

The European Commission approved exemption for export credit insurance and reinsurance transactions

On 22 July 2013, the European Commission informed the Republic of Croatia about the approval of HBOR’s request for the issuing of the exemption clause for export credit insurance and reinsurance transactions with respect to risks considered temporarily non-marketable. This measure is considered to be existing aid in terms of Article 108 of the Treaty on the Functioning of the European Union.

 

First EIB Loan after Croatia’s EU Accession: EUR 250 Million for Smaller Projects

Split, 12 July 2013 – The European Investment Bank (EIB) approved a EUR 250 million loan to the Croatian Bank for Reconstruction and Development (HBOR) for the financing of projects promoted by small and medium-sized enterprises (SMEs) and mid-cap companies, small and medium-sized infrastructure projects in the public sector as well as limited size investment projects in the industry sector in the area of knowledge economy, energy, environmental protection, health and education.

 

HBOR Signed a EUR 90 Million Framework Loan Agreement with the Council of
Europe Development Bank

The loan is intended for the financing of projects in the SME sector and the public sector of the Republic of Croatia

Zagreb, 8 July 2013 – The Council of Europe Development Bank (CEB) approved a EUR 90 million Framework Loan Agreement to Hrvatska banka za obnovu i razvitak (HBOR). The Agreement was signed today by Mr Rolf Wenzel, Governor of the CEB, and Mr Anton Kovačev, President of HBOR's Managing Board. Mr Slavko Linić, Minister of Finance of the Republic of Croatia, attended the signing ceremony.

 

Mobilisation of European long-term investors to foster EU growth

HBOR among the founders of ELTI

Paris, 5 July 2013 - The Presidents and top officials of 16 European long-term financial institutions, meeting in Paris today, have launched the European Association of Long-Term Investors (ELTI), joining forces to foster more sustainable, smart and inclusive European growth, notably for the youth.

 

HBOR approved HRK 0.5 billion for investments in tourism in the first five months

Zagreb, 12 June 2013 – “A Thousand Swimming Pools for Croatian Tourism”, a programme implemented by the Ministry of Tourism in cooperation with the Ministry of Entrepreneurship and Crafts, was presented at the conference. Changes to the loan programmes implemented by Hrvatska banka za obnovu i razvitak (HBOR) that relate to the tourism industry as well as possibilities of using structural funds for the financing of SMEs in tourism in 2013 were also presented.

 

Launch of Green Office Activities at HBOR

Zagreb, 22-24 May – Five Green Office motivation workshops took place on the premises of Hrvatska banka za obnovu i razvitak (HBOR). The employees of HBOR and Hrvatsko kreditno osiguranje (HKO) showed great interest in education on promoting energy efficient behaviour not only in offices but also in their own homes. The Green Office workshops are part of the House in Order Government programme that HBOR joined by signing the Letter of Intent with the UNDP at the end of 2011.

 

Additional support for encouraging investment from the United States

U.S. Ambassador to Zagreb hopes to strengthen U.S. investment in Croatia

Zagreb, 3rd April 2013 – Yesterday, Anton Kovačev, President of the Managing Board of HBOR held a meeting with the U.S. Ambassador to Croatia, Mr Kenneth Merten and Mr Thomas Johnston, the economic advisor.

 

Additional Incentive of EUR 500 million for the Development of SMEs in Croatia

Signing of the contract for the largest loan approved to Hrvatska banka za obnovu i razvitak

Zagreb, 25th January 2013 – European Investment Bank (EIB) approved a EUR 500 million loan to Hrvatska banka za obnovu i razvitak (HBOR) which represents HBOR’s biggest debit. The first tranche of the loan, in the amount of EUR 250 million, was signed today by Mr Anton Rop, EIB Vice-President and Mr Anton Kovačev, President of the Managing Board of HBOR, the signing ceremony was attended by Mr Slavko Linić, Minister of Finance.