Large Projects in Agriculture

ECONOMY

Loan Programme for the Development of the Economy

1. Final Borrowers

companies, craftsmen, co-operatives, institutions

2. Purpose of Loans

I. Fixed assets

initial funding
land plots, buildings
equipment and devices
nucleus breeding unit, planting perennial crops

II. Permanent current assets

up to 30% of the total loan amount

3. Manner of Implementation

through commercial banks
risk sharing model – small and medium enterprises
risk sharing model
subordinated debt model

4. Loan Amount, Disbursement Period and Repayment

Loan amount

the minimum loan amount HRK 700,000.00, the maximum amount is not limited
loans are granted in HRK and are indexed to foreign currency

HBOR finances up to 75% of the estimated investment value, VAT not included.

Disbursement period

up to 12 months

Grace period

up to 3 years
up to 5 years for planting and/or restructuring of perennial crops

Repayment period

up to 12 years, including grace period
in justified cases where an investment study indicates a need for longer maturity and grace periods, the repayment period can last up to 17 years, 4 year grace period included

5. Interest

2% p.a.

borrowers investing in a region of special state concern or supported areas – units of local government classified into groups I and II or a hill or mountain area or the islands or agriculture or fishery
and
borrowers having proven their competitiveness by successful sales figures in domestic and/or foreign markets

4% p.a.

all other business entities

Depending on the capabilities of the final borrower on the realization of the right to be allocation of state aid and/or de minimis aid, loan comes with a general interest rate that is determined at least in the amount of reference or by stimulating interest rate or the effective interest below the reference. The interest rate is variable based on a decision of the Board of HBOR, according to the Decision on Interest Rates and the Ordinance on the method and terms of calculating interest.

6. Loan Application Fee

0.8% one-off, charged on the committed loan amount

7. Commitment Fee

0.25%p.a., charged on the committed undisbursed loan amount, starting 30 days after the loan contract date

8. Security

HBOR accepts: bills of exchange and debentures; pledge of property or transfer of fiduciary title to property supported by property insurance policy endorsed in favor of HBOR; bank guarantees; guarantees issued by HAMAG-BICRO and other customary security in the banking operations.

In the case of loan through commercial bank final borrower arrange collateral with commercial bank.

9. Commercial Banks Co-operating on the Loan Programme

Addiko Bank d.d., Zagreb (RS SME); (RS)
Banka Kovanica d.d., Varaždin
Croatia banka d.d., Zagreb
Erste & Steiermärkische Bank d.d., Rijeka (RS SME); (RS)
Hrvatska poštanska banka d.d., Zagreb (RS SME); (RS)
Istarska kreditna banka Umag d.d., Umag (RS SME)
Jadranska banka d.d., Šibenik
Kentbank d.d., Zagreb
Kreditna banka Zagreb d.d., Zagreb
OTP banka Hrvatska d.d., Zadar (RS SME); (RS)
Partner banka d.d., Zagreb
Podravska banka d.d., Koprivnica (RS SME); (RS)
Privredna banka Zagreb d.d., Zagreb (RS SME)
Raiffeisenbank Austria d.d., Zagreb (RS SME); (RS)
Sberbank d.d., Zagreb (RS SME); (RS)
Slatinska banka d.d., Slatina (RS SME); (RS)
Societe Generale – Splitska banka d.d., Split (RS SME)
Štedbanka d.d., Zagreb
Zagrebačka banka d.d., Zagreb (RS SME); (RS)

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 SME are marked by acronym RS SME; those that have been included also into the financing under the risk-sharing model are marked by acronym RS.

More detailed information ralating to this programme can be obtained at:
HBOR, Strossmayerov trg 9, 10000 Zagreb
Phone: +385 1 4591 666
E-mail: kreditiranje@hbor.hr