EBRD, Erste Bank Croatia Lend 40 Million Euros to Local Firms
Erste & Steiermaerkische Bank d.d., a unit of Erste Group Bank AG (EBS), and the European Bank for Reconstruction and Development will lend 40 million euros ($51 million) to small business and individual customers in Croatia.
The funds will be channeled to small- and medium-sized enterprises through investment loans and working capital facilities to enhance their competitiveness as Croatia get ready to join the European Union in July, the two banks said today in a joint e-mail.
To contact the reporter on this story: Jasmina Kuzmanovic in Zagreb at email@example.com
To contact the editor responsible for this story: James M. Gomez at firstname.lastname@example.org