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MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

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About Dropdown Description

World Bank building
About

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Learn More

Our Impact Dropdown Description

Hands husking peas into a basket full of peas
Our Impact

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Learn More

Our Products Dropdown Description

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What We Do

Explore different types of political risk insurance guarantees provided to investors and lenders.

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Projects Dropdown Descriptions

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Projects

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Search Projects
Croatia

Slavonska Banka d.d.

$24.5 million
Banking
Project Brief
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MIGA issued its first guarantee in Croatia, covering a $24.5 million shareholder loan by Hypo Alpe-Adria-Bank AG to Croatia's recently privatized Slavonska Banka d.d. MIGA's guarantee covers the investment against the risks of transfer restriction and expropriation. The new financing will be used to develop Hypo Alpe-Andria-Bank AG's lending portfolio in the eastern part of Croatia. Slavonska Banka d.d. will on-lend its funds to small- and medium-sized enterprises, which traditionally have had little access to long-term finance. The targeted sectors are tourism, agriculture, agribusiness, wood processing, and building materials. Slavonska Banka d.d. also will expand its retail sector to provide a full range of personal and small business banking services. The project will help the country's reconstruction efforts by strengthening the private banking sector.

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