February 3 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) is providing three loans worth a combined 10 million euro ($10.7 million) to Croatia's Hrvatska Postanska Banka (HPB) [ZSE:HPB-R-A] for on-lending under several credit lines, HPB said on Friday.
A credit line of 6 million euro is intended for the financing of small and medium-sized enterprises, the second loan of 2 million euro is for entrepreneurs to encourage business development and the third loan of an equal 2 million euro is for energy efficiency investments in residential buildings, HPB said in a statement.
HPB is the seventh largest bank by assets in Croatia.
($=0.930886 euro)