Last Updated February 28, 2008
The European Bank for Reconstruction and Development (EBRD) has provided a 10mn loan to Raiffeisen Leasing Croatia under small and medium-sized enterprise (SME) financing programme.
The loan follows on from EBRD's previous 10mn credit line provided to the Croatian bank in March 2006.
In Croatia, the leasing market has seen strong growth and leasing to SMEs has become a particularly important form of financing as bank financing to micro companies is restricted.
Raiffeisen Leasing Croatia is the third largest leasing company with a market share of 8%. Typically the company has focused on car and equipment leasing, and will use this loan to expand its geographic reach.
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