January 18 (SeeNews) - A total of 80 million euro ($87 million) will be provided to subsidise part of interest on loans to be extended to Croatian companies and public sector under the EU-backed national recovery and resilience plan (RRP), the country's development bank HBOR said on Wednesday.
This financial instrument is expected to support up to 400 million euro worth of investment loans to private companies and public sector by June 2026, state-owned HBOR, which is in charge of its implementation, said in a press release after signing a cooperation agreement with 15 local banks, which will distribute the loans.
The value of the interest subsidy per loan is limited to 500,000 euro for small and medium-sized companies and 1.0 million euro for other entities.
A subsidy of up to 3 percentage points of loan interest could be allocated depending on the purpose and type of investment. The subsidies can cover up to 75% of interest on loans for green or digital transition projects, up to 65% of the interest rate for investments in regions under special state protection or in research, development and innovations, and for public sector investments related to repairing damages from the 2020 earthquakes, and up to 50% of interest on loans for investments in projects boosting competitiveness and resilience.
($ = 0.921 euro)
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