The European Bank for Reconstruction and Development (EBRD) has granted Erste Bank Croatia a loan of up to €100 million, funds that will be used to finance tourism companies active in the Croatian and Montenegrin markets.
Erste Bank is the first financial institution to benefit from financing under the EBRD program for the Eastern Mediterranean region. The funds will go towards financing tourism companies in Croatia and Montenegro that wish to expand their businesses.
Source: Profit
Frequently Asked Questions
What is the purpose of the €100 million loan?
The funds are intended to finance tourism companies in Croatia and Montenegro that wish to expand their business operations.
Who is the direct recipient of the EBRD loan?
The direct recipient is Erste Bank Croatia, the first financial institution to benefit from the EBRD program for the Eastern Mediterranean region.
Which region does the EBRD financing program target?
The EBRD program under which this loan was granted targets the Eastern Mediterranean region.