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Banco Popolare Croatia and HBOR ink deal on business cooperation

Izvor: Hina
Autor: mses
ZAGREB, Sept 13 (Hina) - Banco Popolare Croatia and the Croatian Bank for Reconstruction and Development (HBOR) have signed an agreement on business cooperation within an HBOR-managed loan programme called "Mikrokreditiranje (Micro-Lending)" for loans, in the total amount of EUR 4.5 million, to be granted to micro, small and medium-sized enterprises and other entities that meet criteria and standards set up by the European Union.

The funds are part of a EUR 20-million agreement between HBOR and KfW Banking for 2010, designed to encourage the development of small and medium-sized companies, Banco Popolare Croatia said in a statement on Monday.

The programme envisages two sorts of loans: lending for working capital with individual loans up to EUR 30,000 and investment loans up to EUR 250,000.

(Hina) ms

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