AGRICULTURE AND BALANCED DEVELOPMENT
 
Loan Programme for the Financing of Agriculture and Small Businesses in Areas of Special State Concern
 

1. Final borrowers

 

Final borrowers can be small and medium-sized enterprises:

  • companies, craftsmen
  • co-operatives, institutions
  • family farms and fishermen

 

Pursuant to the Conflict of Interest Prevention Act (Official Gazette of the Republic of Croatia Nos. 26/11, 12/12, 126/12, 57/15), restrictions are in force on lending to business entities whose ownership interests are owned by public officials and their family members. The provisions of these restrictions are deemed a constituent part of HBOR loan programmes. The full wording of the restrictions can be found at: Restrictions on Lending to State Officials.

 

2. Purpose of Loans

 

I. Fixed assets
  • initial funding
  • land plots, buildings
  • equipment and devices
  • nuclear breeding unit, perennial plants
  • vegetable and flower growing

 

II. Permanent current assets
  • up to 30% of the total loan amount

 

 

3. Manner of Implementation

 

  • through commercial banks
  • risk-sharing model – small and medium enterprises
  • risk-sharing model

 

4. Loan amount, disbursement period and repayment period

 

Loan amount  

  • the minimum loan amount HRK 80,000.00, the maximum loan amount is HRK 3,500,000.00
  • loans are granted in HRK or in HRK indexed to foreign currency
  • HBOR can, in certain cases, consider a possibility of financing the estimated investment value with VAT.

 

Disbursement period  

  • up to 12 months

 

Grace period  

  • up to 3 years
  • up to 5 years for planting and/or restructuring of perennial crops

 

Repayment period  

  • up to 14 years, grace period included

 

 

5. Interest Rate

 

2% p.a.  

borrowers investing in in a region of special state concern or supported areas – units of local government classified into groups I and II or agriculture or fishery or a hill or mountain area
and
borrowers having proven their competitiveness by successful sales figures in domestic and/or foreign markets

 

4% p.a.  

all other business entities investing in a region of special state concern or supported areas – units of local government classified into groups I and II or agriculture or fishery or a hill or mountain area

 

 

Depending on the capabilities of the final borrower in obtaining the right to the award of de minimis aid, loan comes with a general interest rate that is determined as least in the amount of reference or by stimulating the interest rate or the effective interest rate below the reference.

 

Interest rate is variable based on the Decision of HBOR’s Managing Board, and pursuant to the criteria of the HBOR’s Decision on Interest Rates and Interest Calculation Regulations.

 

6. Loan Application Fee

 

0.8% one-off, charged on the committed loan amount

 

7. Commitment Fee

 

0.25% p.a., charged on the committed undisbursed loan amount, starting 30 days after the loan contract date

 

8. Security

 

HBOR accepts:

  • bills of exchange and debentures
  • pledge of property or transfer of fiduciary title to property supported by property
  • insurance policy endorsed in favour of HBOR bank guarantees
  • guarantees issued by HAMAG-BICRO
  • other customary security in the banking operations

 

Final borrowers negotiate collateral with commercial banks.

 

9. Commercial bank co-operating with HBOR on the Loan Programe

 

  1. Addiko Bank d.d., Zagreb (RS SME); (RS)
  2. Banka Kovanica d.d., Varaždin
  3. Croatia banka d.d., Zagreb
  4. Erste & Steiermärkische Bank d.d., Rijeka (RS SME); (RS)
  5. Hrvatska poštanska banka d.d., Zagreb (RS SME); (RS)
  6. Istarska kreditna banka Umag d.d., Umag (RS SME)
  7. Jadranska banka d.d., Šibenik
  8. Karlovačka banka d.d., Karlovac
  9. Kentbank d.d., Zagreb
  10. Kreditna banka Zagreb d.d., Zagreb
  11. OTP banka Hrvatska d.d., Zadar (RS SME); (RS)
  12. Partner banka d.d., Zagreb
  13. Podravska banka d.d., Koprivnica (RS SME); (RS)
  14. Primorska banka d.d., Rijeka
  15. Privredna banka Zagreb d.d., Zagreb (RS SME)
  16. Raiffeisenbank Austria d.d., Zagreb (RS SME); (RS)
  17. Sberbank d.d., Zagreb (RS SME); (RS)
  18. Slatinska banka d.d., Slatina (RS SME); (RS)
  19. Societe Generale – Splitska banka d.d., Split (RS SME)
  20. Štedbanka d.d., Zagreb
  21. Vaba d.d. banka, Varaždin
  22. Veneto banka d.d., Zagreb
  23. Zagrebačka banka d.d., Zagreb (RS SME); (RS)

 

The aforementioned commercial banks have been included into the financing through commercial banks.

 

Those commercial banks that have been included also into the financing under the risk-sharing model SME are marked by acronym RS SME; those that have been included also into the financing under the risk-sharing model are marked by acronym RS.

 

More detailed information relating to this programme can be obtained at:
HBOR, Strossmayerov trg 9, 10000 Zagreb
Phone: +385 1 / 4591-666
E-mail: kreditiranje@hbor.hr