Since the business of Croatian entrepreneurs is still affected by the COVID-19 pandemic, HBOR has extended the duration of moratorium.

Moratorium for activities in tourism industry up to 16 months

All clients are allowed to use the moratorium of up to 7 months, i.e. until 30 September 2020. For clients with a positive COVID score according to FINA (Financial Agency) methodology (or those who otherwise prove a fall in the level of income), it is possible to use a moratorium of up to 10 months, i.e. until 31 December 2020. The clients active in the tourism industry are allowed to use a moratorium of up to 16 months, i.e. until 30 June 2021.


In order to reduce the negative effects of the COVID-19 pandemic, in March, HBOR enabled its clients to reschedule loans and use the moratorium until 30 June 2020 with the announced possibility of extension.


The use of the moratorium, which we have made possible as the first measure, has been accepted by almost 1,500 HBOR’s clients so far. Since Croatian entrepreneurs are still suffering the economic consequences of the pandemic, and given the still difficult working conditions, it is now possible to extend the moratorium and introduce new terms and conditions for the repayment of due obligations and rescheduled loans,“ said Tamara Perko, President of the Management Board of HBOR.


HBOR will send a notification to direct borrowers on the conditions for the extension of the moratorium and the consent form that the borrowers will have to submit to HBOR.


Loan principal liabilities covered by the moratorium will be repaid by the clients through an appropriate extension of the repayment period.
The clients that have been approved an HBOR loan through a commercial bank or risk-sharing model, as well as those that use HBOR’s financing through leasing companies, should submit a request for moratorium to a commercial bank or a leasing company.

Rescheduling of loan obligations up to 16 months

In addition to the moratorium, HBOR, by introducing the measure of rescheduling existing loan obligations, enabled entrepreneurs to extend the loan disbursement period, grace period and repayment period. For rescheduling of up to 6 months, entrepreneurs are exempt from payment of usual fees, and by the new decision, entrepreneurs from the tourism industry can be approved rescheduling of up to 16 months, also without fee paying.