PBZ SME Credit Line

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The EBRD is considering making a senior loan of up to EUR 50 million in the form of a credit line for SMEs to Privredna banka Zagreb d.d. in Croatia The Bank’s financing will support the second largest banking group in Croatia to enhance access to funding for PBZ’s SME clients. SMEs continue to need working capital and investment funding, but financial resources available to support lending to this sector have become very constrained as the external sources of funding are limited. The EBRD’s facility will increase the provision of funding available to be channelled to the SME sector and will therefore contribute to maintaining access of private companies to financing required for production, trade and services. Privredna Banka Zagreb d.d. (PBZ) is the second largest bank in Croatia according to assets size, owned by Banka Intesa San Paolo through Intesa SanPaolo Holding International (76.6%), EBRD (20.9%), and minority shareholders. At the end 2008, PBZ had EUR 8.7 billion in assets, EUR 1.2 billion in equity and recorded EUR 150 million of profit. EUR 50 million long-term senior loan in the form of a credit line for SMEs to Privredna banka Zagreb d.d. EUR 50 million. Screened FI (2008). PBZ will be required to continue to comply with national legal requirements and with the EBRD's Environmental and Social Procedures for Local Banks. This will include adherence to the EBRD's Environmental and Social Exclusion and Referral Lists, and submission of annual environmental and social reports to the Bank. None. Jadranka Primorac Executive Director, Financial Institutions and Special Financing Division ; Privredna banka Zagreb d.d. tel: +385 1 6360 000 e-mail: jadranka.primorac@pbz.hr Website: www. pbz.hr