The loan was approved under very favourable terms for a period of five years and will be used for financing all HBOR programmes.
The consortium sees investment in the Croatian export development bank as one of the most prestigious forms of investment in Croatia as the HBOR enjoys the status of respectable borrower on international financial markets.
Over the past few years the HBOR has concluded several successful syndicated loans, attracting interest from players on financial markets.
HBOR Management Board Chairman Anton Kovacev said the bank secured very favourable loan terms thanks to its long-standing and successful cooperation with the syndicated banks and that the loan would set new standards for all Croatian borrowers in the future.