Exports - IBRD
Loan Programme for the Financing of Exporters out of IBRD Loan Proceeds | ||||||||||||||
1. Final Borrowers
2. Purpose of Loansa) For investment projects
Note: the list of investments that are not financed under this loan programme is given in the complete text of the loan programme. 3. Manner Implementation
4. Loan Amount, Terms and Conditions
5. InterestFor loans on-lent via commercial banks Interest rate charged by HBOR to the commercial bank is 3.5 % per annum. Interest rate charged to the final borrower is, in line with IBRD’s guidelines, determined by the commercial bank depending on the risk assessment of the final borrower and the quality of collateral, and the commercial bank is obliged to accordingly inform HBOR when submitting the loan application.For direct loans Direct lending is carried out at a fixed interest rate that equals at least the base rate increased by a margin determined in accordance with the assessment of the borrower’s credit ranking and the offered collateral (collateralisation) pursuant to HBOR’s Ordinance on Setting the Reference and Discount Rates. The base rate is calculated by the European Commission and published by the European Commission on its website. 6. Loan Application Fee and Commitment FeeFor loans on-lent via commercial banks0.4 % loan application fee – one off, charged on or before the first loan disbursement 0.25 % commitment fee – per annum, charged on the undisbursed loan amount, starting 30 days after the loan contract date Loan application fee and commitment fee charged to the final borrower are determined by the commercial bank, and the commercial bank is obliged to accordingly inform HBOR when submitting the loan application. For direct loans 0.8% application fee- one off, charged on the committed loan amount, at least HRK 500.00 (five hundred) on or before the first loan disbursement 0.25% commitment fee – per annum, charged on the undisbursed loan amount, starting 30 days after the loan contract date 7. SecurityHBOR accepts: bills of exchange and debentures, pledge of property or transfer of fiduciary title to property supported by a property insurance policy endorsed in favour of HBOR, bank guarantees, guarantees issued by HAMAG-BICRO and other collateral customary in the banking operations. In the case of loans on-lent via commercial banks, final borrowers negotiate collateral with commercial banks.8. Commercial Banks Co-operating on the Loan Programme:
More detailed information can be found in the complete wording of the Loan Programme or at: HBOR, Strossmayerov trg 9, 10000 Zagreb Phone: +385 1 /45 91 666 E-mail: kreditiranje@hbor.hr |