Loan Programme in Support of the Tourism Industry

1. Final Borrowers


  • companies, craftsman
  • institutions


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


2. Purpose of Loans


I. Fixed assets  

  • inital funding
  • land plots, buildings
  • equipment and devices
  • ships and other vessels


II. Permanent current assets
  • up to 30% of the total loan amount


3. Manner of Implementation


  • via commercial banks
  • direct lending
  • risk-sharing model – small and medium enterprises
  • risk-sharing model


4. Loan Amount, Disbursement Period and Repayment


Loan amount
  • HRK 80.000,00 minimum loan amount; maximum loan amount is not determined
  • loans are contracted in HRK and are indexed to foreign currency

HBOR finances up to 75% of investment value without VAT included. HBOR can, in certain cases, consider a possibility of financing the estimated investment value with VAT.


Disbursement period up to 12 months
Grace period up to 4 years
Repayment period up to 17 years, grace period included


5. Interest Rate


2% p.a.

Entities investing in a region or special state concern or supported areas – units of local government classified into groups I and II or a hill or mountain


entities 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 in obtaining the award of de minimis aid, loan comes with a general interest rate that is determined at least in the amount of reference or by stimulating the interest rate or the effective interest rate below the reference.


Interest rate is variable based on the Decision of HBOR’s Managing Board and pursuant to the criteria of the HBOR’s Decision on Interest Rates and the Interest Calculation Regulations.


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 proprety or transfer of fiduciary ownership of proprety supported by a property insurance policy endorsed in favour of HBOR
  • bank guarantees
  • guarantees issued by HAMAG-BICRO
  • other collateral customary in the banking operations


Where loans are on-lent via commercial banks, final borrowers negotiate collateral with commercial banks.


9. Commercial Banks Co-operating with HBOR:


  1. Addiko Bank d.d., Zagreb (RS SME); (RS)
  2. Banka Kovanica d.d., Varaždin
  3. Croatia banka d.d., Zagreb
  4. Erste & Steiermärkische Bank d.d., Rijeka (RS SME); (RS)
  5. Hrvatska poštanska banka d.d., Zagreb (RS SME); (RS)
  6. Istarska kreditna banka Umag d.d., Umag (RS SME)
  7. Jadranska banka d.d., Šibenik
  8. Karlovačka banka d.d., Karlovac
  9. Kentbank d.d., Zagreb
  10. Kreditna banka Zagreb d.d., Zagreb
  11. OTP banka Hrvatska d.d., Zadar (RS SME); (RS)
  12. Partner banka d.d., Zagreb
  13. Podravska banka d.d., Koprivnica (RS SME); (RS)
  14. Primorska banka d.d., Rijeka
  15. Privredna banka Zagreb d.d., Zagreb (RS SME)
  16. Raiffeisenbank Austria d.d., Zagreb (RS SME); (RS)
  17. Sberbank d.d., Zagreb (RS SME); (RS)
  18. Slatinska banka d.d., Slatina (RS SME); (RS)
  19. Societe Generale – Splitska banka d.d., Split (RS SME)
  20. Štedbanka d.d., Zagreb
  21. Vaba d.d. banka Varaždin, Varaždin
  22. Veneto banka d.d., Zagreb
  23. 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 relating to this programme can be obtained at:
HBOR, Strossmayerov trg 9, 10000 Zagreb
Phone: +385 1 / 45 91 666