Croatia. Credit: Shutterstock.com

The European Bank for Reconstruction and Development (EBRD) has approved a senior loan of up to €25 million to PBZ-Leasing Croatia (PBZL) for on-lending to local micro, small, and medium-sized enterprises (MSMEs) under the Financial Intermediaries Framework (FIF).

This project, which aligns with the EBRD’s Green Economy Transition (GET) strategy, aims to bolster MSME competitiveness and foster sustainable financing practices in Croatia, the EBRD said in a press release.

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The approved loan will provide leases to Croatian MSMEs, with a commitment to allocate at least 30% of the funding to GET-eligible sub-projects. These projects will be selected based on the Green Technology Selector, ensuring that they contribute to environmental sustainability.

The primary objectives of this initiative include:

  • Enhancing the availability of financing for MSMEs in Croatia.
  • Supporting the resilience and competitiveness of MSMEs.
  • Encouraging sustainable financing practices through the allocation of funds to GET-eligible projects.

The project has an Expected Transition Impact (ETI) score of 60, highlighting its significant potential to support competitive and resilient transition qualities within the Financial Intermediaries Framework (FIF). The FIF seeks to improve MSME competitiveness by increasing access to financing and promoting sustainable.

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