InvestEU

Under the InvestEU Regulation, the European Commission supported the implementation of the InvestEU Fund by providing EU budget guarantee to support investments under the InvestEU programme. The general objective of the InvestEU programme is to support the policy objectives of the European Union through financing and investment operations that contribute to:

1. competitiveness of the European Union, including research, innovation and digitization;
2. growth and employment in the European Union economy, the sustainability of the European Union economy and its environmental and climate dimension;
3. social resilience;
4. promotion of scientific and technological advances, culture, education and training;
5. the integration of the European Union capital markets and strengthening of the internal market;
6. the promotion of economic, social and territorial cohesion; or
7. the sustainable and inclusive recovery of the European Union economy after the crisis caused by the COVID-19 pandemic,

As an InvestEU Implementing Partner, the European Investment Fund (EIF) has entrusted Zagrebačka Bank as a financial intermediary for contracting InvestEU financial instruments. It is a package of capped and uncapped guarantees to support investments of small and medium-sized enterprises (SMEs) and small mid-cap companies.

Zagrebačka banka is providing debt financing supported by the European Union through InvestEUguarantee, in the following areas:

1. sustainability - enhancing access to debt finance investments that contribute to the green and sustainable transformation of the European economy,
2. innovation and digitalization - to improve Europe's adoption of innovation and digital technologies to strengthen the employment landscape, productivity and prosperity of Europe, and
3. cultural and creative sector - enhance access to finance to SMEs and other eligible enterprises operating in the CCS, therefore supporting this creative ecosystem, consolidating its resilience and allowing it to adapt to the challenges ahead.

InvestEU guarantee enables loan beneficiaries to achieve more favourable financing conditions compared to financing without the InvestEU guarantee.

For loans secured with the InvestEU guarantee, EIF undertook to settle Zagrebačka banka's part of the outstanding claims on the basis of loans granted by Zagrebačka banka to loan beneficiaries in accordance with all conditions and criteria defined in the Guarantee Agreement concluded with EIF.