HBOR has introduced its Business Strategy covering the coming five-year period on the basis of the attainment of five key strategic objectives.

The Strategy has been drawn up upon the analysis of existing internal and external conditions under which HBOR has been operating, good business practice of other EU development banks included.


In accordance with the performed analyses and the consultants’ recommendations, HBOR’s 2020 – 2024 Business Strategy defines HBOR as a driver of innovation and sustainable growth of the Croatian economy. Taking into account the continuous changes in the domestic and international business environment as well as the current and future needs of the public and private sectors, HBOR’s mission will be to provide proactive support for the development of Croatia.


Five strategic business guidelines

Focus of HBOR’s strategic business guidelines for the coming five-year period:

  1. Promotion of the development of equity and quasi-equity market in the Republic of Croatia
  2. Promotion of balanced and sustainable economic and social regional, rural and urban development of the Republic of Croatia
  3. Promotion of internationalization and globalization of the Croatian economy
  4. Promotion of competitiveness by emphasizing innovation, digital transformation and Industry 4.0
  5. Promotion of climate and energy neutral economy through energy efficiency, renewable energy and environmental protection.

Special focus is on supporting small and medium-sized enterprises and underdeveloped areas by providing access to national sources of finance, in particular to the available EU funds.


Tamara Perko, President of HBOR’s Management Board, stressed: “The strategic objectives will be attained through HBOR’s flexible and sustainable operations and proactive business approach. The Strategy will enable HBOR to respond to the requirements of the Croatian economy, to the changes in the financial market and in the macroeconomic environment in a faster and a more effective manner by offering suitable products and services to the Croatian economy.”

The funds needed for the implementation of this project have been provided through the EU Structural Reform Support Programme (SRSP) under the European Commission.


3 percent more loans in 2019

In 2019, HBOR supported 2,413 projects in an amount exceeding HRK 7 billion through lending, guarantee and agent activities, and the amount of committed loans rose by 3 percent on 2018.

During 2019, the amount of HRK 5.8 billion was approved in loans for 1,848 projects, of which investment loans accounted for 88 percent of all commitments in 2019.

HBOR strategy 2020 – 2024