Early Warning System

Countries

Croatia

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Dec 17, 2025

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

OTP BANKA HRVATSKA DD

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Finance

The service or industry focus of the investment. A project can have several sectors.

Investment Type(s)

Guarantee

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 16.26 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 14
Converted using 2025-11-16 exchange rate.

Project Cost (USD)

$ 58.07 million

Bank Documents

PSD translation (Croatian)

Primary Source

Original disclosure @ EBRD website

Updated in EWS Dec 10, 2025

Disclosed by Bank Nov 16, 2025

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project consists of a capped unfunded portfolio risk-sharing in the amount of up to EUR14 million, to be provided by the EBRD as an InvestEU implementing partner to OTP banka d.d. (OBH), as an eligible partner financial intermediary (PFI) in Croatia under the InvestEU Green Capped Portfolio Guarantee Framework. The guarantee will cover OBH's newly generated portfolio of loans financing eligible green projects across industry sectors in Croatia. The Project benefits from partial first loss risk cover from the European Union under the InvestEU Fund.

The project aims to support the EBRD's green agenda in Croatia and the green economy priorities. As such, the project will bridge the funding gap for sustainable energy investments in the country, support the resilience of a systemic bank and expand its green lending capacity.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Categorised FI (ESP 2024). OTP banka is a new partner of the EBRD. ESDD, conducted through questionnaire and interviews with the client, demonstrated that OTP is compliant with ESR 2 and 4, and in the process of developing their ESMS in line with ESR 9. The proceeds will be used to guarantee GET-eligible loans, which are considered low to medium risk from an E&S perspective.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

A capped unfunded portfolio risk-sharing in the amount of up to EUR14 million under the InvestEU Green Capped Portfolio Guarantee Framework. The guarantee will cover OBH's newly generated portfolio of loans.

Financial Intermediary

A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.

OTP BANKA HRVATSKA DD (Financial Intermediary)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

OTP BANKA HRVATSKA DD - OBH is the fourth largest systematically important bank in Croatia, with total assets amounting to EUR 9.2 billion, equivalent to 10.1 per cent of market share, as of end of 2024. OBH is a wholly owned subsidiary of OTP Bank Nyrt (OTP Group). OTP Group is listed on the Budapest Stock Exchange with a market cap of €18.1 billion as of 23 July 2025.

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Corporate Product Development, director Andela Cizmin
corporate.proizvodi@otpbanka.hr
OTP banka d.d., Ulica Domovinskog rata 61, 21000 Split, Croatia

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html