Friday, 10th October 2025

Green Growth Boosted: EIB Lends €150 Million to HBOR 

First tranche of €350 million deal to fuel green transition and business development across the country

The European Investment Bank (EIB) has approved a €150 million loan to the Croatian Bank for Reconstruction and Development (HBOR), marking the first instalment of a €350 million financing package aimed at expanding access to funding for the businesses and public entities in Croatia.

At least 30% of the financing will be directed toward green investments—ranging from renewable energy and clean transport to sustainable construction and energy-saving measures. The funds will be distributed via HBOR’s direct lending and through local commercial banks and intermediaries.

The new agreement prioritises small and medium-sized enterprises (SMEs), mid-cap firms, and public bodies, supporting both business expansion and climate action goals. “This initiative will expand financial support to a broad range of Croatian companies and public entities, with a strong emphasis on climate action and sustainability,” said EIB Vice-President Teresa Czerwińska.

HBOR President Hrvoje Čuvalo welcomed the move as a step forward in Croatia’s green transition, noting it reinforces HBOR’s role in building a sustainable and resilient economy. The structure of the loan—a Multi-Beneficiary Intermediated Loan (MBIL)—aligns with EU goals on green growth and social cohesion, and builds on HBOR’s track record of meeting high environmental and social standards.

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