ZAGREB, June 6 (Hina) - Raiffeisenbank Austria (RBA) and Raiffeisen Leasing in Zagreb on Friday signed contracts with the European Investment bank (EIB) on a long-term loan, worth 30 million euros, for financing projects of small and
medium-sized entrepreneurs in Croatia.
ZAGREB, June 6 (Hina) - Raiffeisenbank Austria (RBA) and Raiffeisen
Leasing in Zagreb on Friday signed contracts with the European
Investment bank (EIB) on a long-term loan, worth 30 million euros,
for financing projects of small and medium-sized entrepreneurs in
Croatia. #L#
The EIB approved EUR20 million to the RBA bank and 10 million to the
Raiffeisen Leasing for a time period from three to 15 years
depending on the form of a project which will be financed from this
source.
The priority in receiving funds will be given to projects in
infrastructure or those aimed at saving energy.
The funds from the loan signed today should cover 50 percent of the
amount needed for a specific project while the other half would be
covered by own funds of the RBA and Raiffeisen Leasing.
The money will be drawn in instalments, until 30 June 2006 at the
latest, and interest rate will be determined at the moment of the
withdrawal.
(hina) ms