Croatia: agreement between PBZ and EBRD to expand loans to businesses

The image accompanying the News on Privredna Banka Zagreb, the first beneficiary in Croatia of a credit exposure risk sharing plan promoted by the EBRD, portrays on the other hand the buildings in the center of the city of Zagreb and in particular its Cathedral with two characteristic bell towers

Privredna Banka Zagreb (PBZ), a subsidiary of the Intesa Sanpaolo Group in Croatia, is the first bank to benefit from a risk-sharing framework for credit exposure to the companies it finances, promoted by the European Bank for Reconstruction and Development (EBRD).

In particular, the EBRD will guarantee up to 65% of each sub-loan, with a commitment of up to €75 million, allowing PBZ to:

  • expand financing opportunities for growing companies, whether large enterprises or SMEs
  • enhance risk-taking capacity and obtain capital relief.

PBZ is the second-largest bank and financial group in Croatia by assets, with a market share of approximately 20% in various operating segments.

Part of the International Subsidiary Banks Division, PBZ became a regional banking hub following the acquisition of the majority stakes of Intesa Sanpaolo banks in Bosnia and Herzegovina and Slovenia. 

Related items: