Croatian businesses to get financing support with €100 million EIB loan to PBZ

• EIB lends €100 million to Croatian bank PBZ to boost financing for range of businesses
• Credit aimed at bolstering small enterprises and climate action in Croatia
• Focus on company projects that promote clean energy

The European Investment Bank (EIB) is lending the Croatian bank Privredna Banka Zagreb (PBZ), part of the Intesa Sanpaolo Group, €100 million to expand financing for a range of businesses in the country. The EIB lending to PBZ will enable it to increase loans to Croatian small and medium-sized enterprises (SMEs) and Mid-Caps.

The goal of the operation is to strengthen business competitiveness and green investments in Croatia. At least 70% of the loan will be allocated to SMEs and a minimum 20% will be dedicated to projects that advance climate action and environmental sustainability, with a focus on energy efficiency and renewable-energy production.

The EIB loan will be disbursed in stages over the coming three years, beginning with a first tranche of €50 million signed today. The entire operation will be implemented in Croatia, fully contributing to the European Union’s aim to foster regional cohesion.

“This new financing operation will further strengthen our cooperation with PBZ and Intesa Sanpaolo Group and help Croatian businesses access funding they need to grow,” said EIB Vice-President Teresa Czerwińska. “By dedicating a significant portion of the loan to climate-friendly investments and women entrepreneurs, we are supporting companies’ sustainability efforts and strengthening economic resilience in Croatia.”

An allocation of 10% of the loan to support women-owned and women-run businesses is included on a best-effort basis, reflecting the EIB’s commitment to fostering gender equality in company finance.

“We are very pleased to continue to further strengthen our long-standing successful cooperation with the EIB with the aim of bolstering competitiveness and resilience of the Croatian economy. Specifically, through this cooperation we will actively support our clients and sustainable projects, particularly those with a green component that are focused on energy efficiency and renewable energy production, placing strong emphasis on ESG aspects, which is also our strategic commitment," said Dinko Lucić, President of the Management Board of PBZ.

The new loan resumes EIB lending activity to PBZ totalling around €200 million over the past 10 years. In November 2024, PBZ also signed a €100 million guarantee agreement with the EIB to support the financing and investment needs of Croatian Mid-Caps.