As stated by the EIB, the project consists in a Linked Risk Sharing guarantee to Zagrebacka Banka DD (ZABA) covering up to 50% of the losses of each defaulted loan of a portfolio of loans to mid-caps and public sector entities.
The unfunded risk participation scheme will enhance access to finance for the target beneficiaries supporting their investment efforts. In addition, 20% of the total project amount will be dedicated to support the transition into alternative sustainable energy sources and energy efficiency projects for existing commercial and public buildings.
Both EIB and ZABA aim to further catalyse finance for mid-caps bringing a positive impact on the whole economy, especially in light of economic uncertainty exacerbated by the war in Ukraine, supply chain bottlenecks, energy security and lasting effects of the pandemic.
As stated by the EIB, Zagrebacka banka was formed in 1977 and is today part of UniCredit Group. ZABA was the first Croatian bank to be listed on the Zagreb Stock Exchange in 1995. As the country’s largest bank, its services are used by 80 000 businesses and over 1 million individuals.
No project contact information provided by the EIB.
Financial Intermediary - Zagrebacka Banka d.d.:
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