Exactly one month after the first auction for the allocation of HBOR loan quotas, this development bank signed cooperation agreements with all six commercial banks that passed the first auction, HBOR reports.
These are loans for financing working capital, thus for ‘boosting’ the daily liquidity of companies, which will go through Splitska banka, PBZ, HPB, Hypo, Raiffeisen, and Vaba banka. To date, HBOR has received 47 loan applications amounting to approximately 94 million kuna, što is only half of the offered HBOR amount. HBOR, in fact, offered a total of 200 million kuna for its share of 40 percent, meaning that another 300 million could be allocated by the banks. Of šest commercial banks that passed the auction, four have so far submitted their applications. (G. G.)
