ZAGREB SIGN CONTRACT ON CREDIT LINE ZAGREB, Dec 21 (Hina) - The Commercial Bank Zagreb and the European Bank for Reconstruction and Development (EBRD) on Tuesday signed a contract on a 3.6 million euro-worth credit line, with the time
of repayment of seven years and an 18-month grace, the Commercial Bank Zagreb reported.
ZAGREB, Dec 21 (Hina) - The Commercial Bank Zagreb and the European
Bank for Reconstruction and Development (EBRD) on Tuesday signed a
contract on a 3.6 million euro-worth credit line, with the time of
repayment of seven years and an 18-month grace, the Commercial Bank
Zagreb reported. #L#
The credit line will be used for financing small- and medium-sized
enterprise investment projects and for preparing export
businesses. It will also be possible to use the credit line as long-
term working capital in manufacturing companies.
The Commercial Bank was the first Croatian bank to sign a contract
on a credit line with the EBRD back in July 1997. The DM10-million
credit line was used for financing small- and medium-sized
enterprises. Funds from the credit line were used for financing 27
investment projects of the Commercial Bank clients.
(hina) rml