Entrepreneurs have access also to favourable HBOR’s funds for financing liquidity that are approved in cooperation with commercial banks or directly to entrepreneurs in separate branches of the economy.

 

Half of the loan at a 0 percent interest rate or at an interest rate reduced by 0.75 pp

Entrepreneurs can apply for working capital loans via banks under the risk-sharing model with banks (loan programmes: Working Capital COVID-19 Measure and Working Capital for Wood Processing and Furniture Production) and through framework loans to banks. Funds under the risk-sharing model are approved with an interest rate from 0% on HBOR’s half of the loan, and liquidity loans on the basis of framework loans to banks with an interest rate lower by 0.75 p. p. than the regular one.

 

Approved already more than HRK 250 million for working capital in tourism industry

Loans under the programme Working Capital for Rural Development are approved by HBOR directly as well as loans for entrepreneurs in the tourism industry for which applications were received by 5 June 2020. By that date, HBOR received a total of 556 applications, half of which have already been processed, and loans in the total amount of more than HRK 250 million have already been approved.

 

Insurance of 50% of principal and interest amount

Besides favourable loans, HBOR has launched a new loan portfolio insurance programme for exporters’ liquidity. This programme facilitates and accelerates the granting of new funds for maintaining the liquidity of exporters and indirect exporters as HBOR insures 50% of the amount of principal and interest of approved loans included by the banks into the portfolio.

 

A brief overview of COVID-19 measures

 

 

ProgrammeLoan Potential, HRK millionsBenefitsLaunchedImplementationStatus
Moratorium on and Rescheduling of Loans Moratorium duration
up to 16 months
27.3.2020Direct lending and on-lending via banksActive
Working Capital COVID-191,500Interest rate
from 0%
on HBOR’s share
30.3.2020On-lending via 14 banks*Active
Working Capital for Wood Processing and Furniture Production220Interest rate
from 0%
on HBOR’s share
19.5.2020 On-lending via 14 banks*Active
Working Capital through Framework for Banks1,200Interest rate
reduced by 0.75 pp
22.5.2020On-lending via 8 banks**Active
Working Capital for Rural Development 130Interest rate
0.5%
1.6.2020Direct lendingActive
Working Capital for Tourism Industry 600Interest rate
from 0%
15.4.2020Direct lendingApplications received until
5th June
Insurance of Loan Portfolio5,561Insurance of 50% of the approved loan amount8.4.2020Via 13 banks***Active

 

 

 

*Working Capital COVID-19 Measure and Working Capital for Wood Processing and Furniture Production – Entrepreneurs submit loan applications to one of commercial banks included in cooperation: Addiko Bank d.d., Agram banka d.d., BKS Bank AG, Erste&Steiermärkische Bank d.d., Hrvatska poštanska banka d.d., Istarska kreditna banka d.d., Kentbank d.d., OTP banka d.d., Podravska banka d.d., Privredna banka Zagreb d.d., Raiffeisenbank Austria d.d., Sberbank d.d., Slatinska banka d.d. and Zagrebačka banka d.d.

 

**Framework Loans to Banks – Entrepreneurs submit loan applications to one of commercial banks included in cooperation: Addiko Bank d.d,. Erste&Steiermärkische Bank d.d., Hrvatska poštanska banka d.d., OTP banka d.d., Privredna banka Zagreb d.d., Raiffeisenbank Austria d.d., Sberbank d.d. and Zagrebačka banka d.d.

 

***Loan Portfolio Insurance – Banks included in cooperation: Addiko bank d.d., Agram banka d.d., Banka Kovanica d.d., BKS Bank AG, Erste&Steiermärkische Bank d.d., Hrvatska poštanska banka d.d., Kentbank d.d., OTP banka d.d., Podravska banka d.d., Privredna banka Zagreb d.d., Slatinska banka d.d., Zagrebačka banka d.d. and HBOR as the lender.