|Working Capital for Investments in Agricultural Production|
1. Final Borrowers
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 the Loans
Financing of the working capital needed for smooth agricultural production as follows:
3. Manner of Implementation
4. Loan Amount, Disbursement Period and Repayment
5. Interest Rate for Final Borrowers
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 at least in the amount of reference or by stimulating the interest rate or the effective interest rate below the reference.
Interest rate is variable on the basis of the Decision of HBOR’s Managing Board and pursuant to the criteria of the HBOR’s Decision on Interest Rates and the Interest Calculation Regulations.
Interest is calculated and charged on the disbursed loan amount monthly or quarterly. The calculation of interest is made according to the proportional method.
6. Loan Application Fee
0.8% one-off, charged on the committed loan amount
Final borrower negotiates the collateral with the commercial bank within the framework of agreeing upon customary collateral (bills of exchange, debentures, pledge of property or transfer of fiduciary title to property, guarantees of banks and other collateral customary in the banking operations).
8. List of Commercial Banks Co-operating with HBOR on the Loan Programme:
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 are marked by acronym RS.
More detailed information relating to this programme can be obtained at: