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EBRD to lend 100 mln euro to UniCredit Leasing Croatia for MSMEs support

Author Iskra Pavlova
EBRD to lend 100 mln euro to UniCredit Leasing Croatia for MSMEs support Photo: EBRD

ZAGREB (Croatia), October 18 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said it is considering lending up to 100 million euro ($111 million) to UniCredit Leasing Croatia to provide leases to micro, small and medium-sized enterprises (MSMEs) in Croatia.

The senior loan will also support the EBRD's Green Economy Transition approach, with at least 60% of the total amount going to finance green equipment and technologies projects in the commercial sector, the EBRD said in a statement on Thursday.

The loan will be provided under the EBRD's Financial Intermediaries Framework, which seeks to foster MSME competitiveness by encouraging sustainable financing practices and supporting the resilience of the financial system, the statement said.

UniCredit Leasing Croatia is the largest leasing company in the Adriatic country both in terms of new business volume (a share of some 25%) and total assets (around 23%) as of end-2018, the statement added. It is wholly-owned by local lender Zagrebacka Banka, with the ultimate owner being Italy's UniCredit SpA.

($=0.8995 euro)

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