Buyer Credit

• foreign buyer if covered by acceptable collateral, or
• commercial bank of foreign buyer, with whom exporter has concluded export contract

Pursuant to the Conflict of Interest Prevention Act (Official Gazette of the Republic of Croatia Nos. 26/11, 12/12, 126/12, 57/15) and all subsequent changes and amendments, 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.

• financing exports of goods and services, except consumer goods, pursuant to the rules determined by the OECD Consensus

Benefits for exporter:

• collection of payment for export transaction immediately upon delivery
• payment to the account of exporter in the currency of export contract
• loan is repaid by bank/buyer abroad
• increase in liquidity of exporter
• avoidance of risk of collecting payment for export transaction

• co-financing export transactions with other banks, or
• financing the bank or the buyer abroad on its own

Loan amount

• up to 100% of the export contract value for repayment periods of up to two years,
• up to 85% of the export contract value for repayment periods of over two years,
• loans are denominated in the export contract currency

Disbursement period

• pursuant to the terms and conditions of the export contract

Repayment period

• up to 10 years depending on the type of goods and/or services exported
• as an exception, up to 15 years for financing the construction of hydro or thermal power plants, projects based on wind energy, geothermal, solar and bio energy projects, tide power plant projects and water supply and wastewater disposal projects

The first instalment matures 1, 3, 6 or 12 months after the loan repayment start date depending on the selected manner of repayment and the type of export transaction.

0.5% one-off, charged on the committed loan amount, applied on loan applications received by HBOR as of 1 January 2017

up to 1% p.a. charged on the undisbursed loan amount

bank guarantee