Supplier Credit

Programme for Financing Suppliers in Export Transactions (full text of the Programme)

1. Borrowers

  • exporter of goods, works or services (hereinafter: the supplier) who has concluded an export contract with a foreign buyer

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.

2. Purpose of Loans

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

3. Manner of Implementation

  • direct lending

4. Loan Amount, Disbursement Period and Repayment

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
  • from 180 days to 15 years depending on the subject matter of export contract, i.e. purpose of loan
  • the first instalment shall fall due 3 or 6 months after the loan repayment start date, depending on the selected manner of repayment

5. Interest

Fixed interest rate CIRR + margin Margin on CIRR ranges from 0.2%, depending on the creditworthiness of the supplier, the buyer, the export transaction and the importing country.  
Variable interest rate EURIBOR + margin Margin depends on the creditworthiness of the supplier, the buyer, the importing country and the export transaction.  

6. Loan Application Fee

0.5% one-off, charged on the contracted loan amount

7. Commitment Fee

  • 0.25% p.a. charged on the undisbursed loan amount

8. Security

  • policy insuring direct deliveries of goods and services assigned to HBOR
  • assignment of accounts receivable under the export contract
  • other acceptable security

9. Scheme




The supplier concludes an export contract with the foreign buyer to sell goods, works or services on credit. Loan funds are disbursed directly to the account of the supplier in the currency of the export contract. The foreign buyer repays the loan to the supplier, and the supplier to HBOR.



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