European Bank Loan Splitska Banka EUR75 Million To Kick Start Growth In Croatia
- by croatiaweek
- in Business
The European Bank for Reconstruction and Development will give Splitska Banka in Croatia a 75 million euros loan in an attempt to stimulate Growth in Croatia.
Splitska Banka will use the money to lend out to private businesses and individual customers, with a focus on small and medium-sized businesses, as they try to kick-start the nation’s economy.
The EBRD says that boosting credit flow in Croatia is part of a wider recovery action plan for central and south-east Europe. Splitska Banka, who is owned by Societe Generale banking group, says that the money will be used to fund quality projects in Croatia which will assist in the development of the nation’s economy.
