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.

For the purpose of promoting new investments in the Croatian economy, interest rates changed under several loan programmes in 2012

Zagreb, 30 April 2012 – HBOR published 2011 audited financial statements of HBOR Group and HBOR.

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.

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.

Promotion as a confirmation of long-term successful career in HBOR

Zagreb, 2nd April 2012 – Until recently, Executive Director of Credit Division in Croatian Bank for Reconstruction and Development, Ivanka Maričković Putrić was appointed Senior Executive Director effective 1st April 2012.

Additional confirmation of HBOR’s reputation

ZAGREB, 22 March 2012 – Mr. Anton Kovačev, President of the Managing Board of Hrvatska banka za obnovu i razvitak, and Mr. Dragan Lajović, Chairman of the Board of Directors of Investiciono-razvojni fond Crne Gore, signed a Memorandum of Understanding yesterday. The Memorandum was co-signed by Ms. Emilija Nagj, Member of the Managing Board of Hrvatska banka za obnovu i razvitak, and Mr. Predrag Poček, Executive Director of Investiciono-razvojni fond Crne Gore.

Zagreb, 21 February 2012 – The company ALTPRO opened the first development and innovation centre in South-East Europe in Odra today that was financed by a loan through the loan programme “Innovations” approved by Hrvatska banka za obnovu i razvitak at the annual interest rate of 4 per cent, repayment period of 12 years, 3-year grace period included.

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.a. 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.

Zagreb, 26th January 2012 – HBOR introduced a new loan programme for financing SMEs that nominate their projects for the award of grant funds out of the IPA pre-accession fund, component III C "Support for Increasing the Competitiveness of Croatian SMEs". Loans are approved with a maturity period of 5 years and an interest rate of 2% p.a. More details on this tender can be found on the Internet pages of SAFU (www.safu.hr) and the Ministry of Entrepreneurship and Trade (www.mingorp.hr), and more details on the loan terms and conditions can be found here.