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EBRD, Splitska Banka Lend 75 Million Euros to Local Companies

Dec. 4 (Bloomberg) -- Splitska Banka d.d., the Croatian unit of Societe Generale SA, and the European Bank for Reconstruction and Development, will lend 75 million euros ($98 million) to private businesses and individual consumers in Croatia.

The funds will be used with a “particular focus” on increasing lending to small and medium-sized businesses, as well as on improving regional expansion and increasing competitiveness, the EBRD said in an e-mailed statement.

To contact the reporter on this story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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