Limun.hr - EBRD Mulls up to 40 Mln Euro Loan for Croatia’s Erste&Steiermaerkische Bank

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EBRD Mulls up to 40 Mln Euro Loan for Croatia’s Erste&Steiermaerkische Bank

7.6.2012 17:30:00 | Author/Source www.seenews.com

The European Bank for Reconstruction and Development (EBRD) said on Thursday it is considering providing a senior loan of up to 40 million euro ($50.2 million) to Croatia’s Erste&Steiermarkische Bank.

The funds will be used for on-lending to micro, small and medium-sized enterprises (SMEs) and corporate clients, the EBRD said in a statement posted on its website.

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