Authorizations and exposure (export finance)

• In each insured risk, HBOR can participate with the maximum share of 90%, depending on the risk assessment
• Allows exporters to insure receivables with a risk period of less than 2 years
• For private insurers, it is possible to reinsure against non-marketable or temporarily non-marketable commercial and political risks

• SMEs may insure export receivables with a risk period of up to 180 days
• Exporters must have annual revenue of no more than EUR 2 million
• Amount: Maximum EUR 50,000
• Cover: Up to 95%, depending on the risk assessment
• Insurance premiums are published on HBOR's website

• Insures loan to buyer for the purchase of goods and services from the exporter
• Proceeds of the loan are disbursed to the exporter
• Insurance is provided to buyers or buyers’ lenders
• Cover: Up to 95%

• Finance export of goods and services
• Eligible borrowers:
• The commercial bank of a foreign buyer, with whom an exporter has concluded an export contract
• The foreign buyer with acceptable collateral
• Manner of implementation by HBOR: Co-finances with other banks or finances on its own
• Tenors and loan amount:
• Up to 2 years: Up to 100% of the export contract value
• Over 2 years: Up to 85% of the export contract value
• Advance payments paid by buyers:
• At least 15% of the export contract value, due before the first disbursement of the loan
• At least 20% of the contracted price for construction of ships
• At least 20% of the contracted price for construction of ships
• Maximum local cost financed is 30% of the exported value
• Currency: Loans are denominated in the export contract currency
• Repayment periods (by type of goods and services exported):
• Consumer goods with service life of 1 year or less, including related services: Up to 6 months
• Consumer goods with service life of more than 1 year, including related services: Up to 2 years
• Parts and components: Up to 5 years
• Quasi-capital goods (capital goods of lower individual value): Up to 5 years
• Capital goods: Up to 10 years
• For financing the construction of hydro and thermal power plants, and renewable energy projects: Up to 15 years
• Principal repayment: Repayment in equal monthly, quarterly, semi-annual, or (exceptionally) annual installments
• Grace period, then the first installment 1, 3, 6, or 12 months after the loan repayment starts
• Interest: Determined by creditworthiness of the buyer/bank, the importing country, and the export transaction:
• Fixed interest rate: Cannot be lower than CIRR at loan agreement execution; cannot be lower than CIRR + 0.2% before the loan agreement conclusion
• Variable interest rate: LIBOR/EURIBOR + margin
• Fees:
• Loan application fee final borrowers: 0.5% one-off, charged on the committed amount
• Commitment fee: Up to 1%, starting from fulfilling conditions precedent through final disbursement

• Direct lending to finance the export of goods and services, except consumer goods pursuant to the rules determined by the OECD Consensus
• Eligible borrowers: Exporters of goods, works, or services who have concluded an export contract with a foreign buyer
• Tenor and loan amount:
• Up to 2 years: Up to 100% of the export contract value
• Over 2 years: Up to 85% of the export contract value
• Repayment period: From 180 days to 15 years depending on type of goods and/or services exported
• Interest: Depends on the creditworthiness of the supplier and the type of export transaction:
• Fixed interest rate: CIRR + margin (ranges from 0.2%–2%)
• Variable interest rate: LIBOR/EURIBOR + margin
• Fees:
• Loan application fee: 0.5% one-off, charged on the committed loan amount
• Commitment fee: Up to 1% on loan amount through final disbursement

• Pre-export finance insurance: Enables an exporter to obtain working capital by insuring a collection of receivables (up to 80%); typically used when the exporter cannot offer customary collateral to a commercial lender
• Direct delivery of goods and services insurance: A supplier credit insurance product that allows exporters to insure their collection of export receivables (up to 90%) in cases where the buyer has a commercial loan to buy goods and services
• Insurance against losses during production: Allows the exporter to insure against the risk of losses if the buyer terminates the contract due to political or commercial risk events; only granted for special orders from a foreign buyer that cannot be sold
• Insurance of bank guarantees issued for winning or performing export contracts: Enables banks to insure the risk of payment under a guarantee (up to 80% cover) owing to calling by a guarantee beneficiary (fair and unfair)
• Pre-export finance, letters of credit, loans, and leasing for SMEs
• Payment and performance guarantees, counter-guarantees, and letters of intent
• Insurance of exporter's working capital loan portfolio for Croatian SMEs with operating incomes up to EUR 6,636,140.42
• Working capital loans for production and processing in agriculture from EUR 25,000 to EUR 250,000
• Tenor up to 5 years
• Interest rate of 0.5%
• Loan currency: EUR
• Portfolio and individual insurance of liquidity loans for exporters that have encountered difficulties in operations as a consequence of the disruption in the economy caused by the Russian aggression against Ukraine:
• There are several additional products available from the bank

• Adheres to UN global compact principles related to human rights, labor, environment, and anti-corruption

• Parties in HBOR transactions must abide by its code of conduct

• Based on permission given by European Commission, HBOR may also temporarily insure and reinsure short-term transactions with EU and OECD debtors for which there is no capacity on the private market

• In insurance programs which HBOR covers the risk of exporter, the preconditions determined in the regulations on state aid must be met
• 90% insurance cover

• A one-time subsidy of the insurance premium for some programs is available in some conditions

• 2023: HBOR and EIB agreed to jointly provide up to EUR 500 million to Croatian small and medium-sized companies, mid-caps and public-sector entities