What we do
Coronavirus pandemic: The EIB Group’s initiatives to address the economic consequences of the crisis
Pan-European Guarantee Fund – EGF
Equity products
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
EREM debt products
Single EU Debt Financial Instrument
COSME - Loan Guarantee Facility
InnovFin SME Guarantee Facility
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Croatian Growth Investment Programme (CROGIP)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece

EUR 20m for SMEs in Croatia under the Western Balkans Enterprise and Innovation Facility

    Date: 30 April 2015

The European Investment Fund (EIF) and Raiffeisenbank Austria, Croatia, have signed a guarantee agreement to support Small and Medium-sized Enterprises (SMEs) in Croatia under the Western Balkan Enterprise Development and Innovation Facility (WB EDIF).

The WB EDIF support will allow Raiffeisenbank Austria, Croatia, to provide additional financing to SMEs in Croatia for a total of EUR 20m over the next two years at favourable conditions.

Commenting on the transaction EIF’s Guarantees, Securitisation & Microfinance Director Alessandro Tappi said: “I am pleased to be signing the first Western Balkan Enterprise Development and Innovation Facility agreement in Croatia, for small enterprises with Raiffeisenbank Austria, Croatia. I am sure that this agreement will also help to create jobs and growth in Croatia.”

Mr Michael Mueller, CEO at Raiffeisenbank Austria, Croatia, said: “The SME sector plays an important role in economic development.  Partnership and cooperation with the EIF is yet another step by which we support and stimulate entrepreneurship and employment.  This way we provide easier access to funding to small and medium-sized businesses and continue to strengthen lending activities in the SME segment.”

About the EIF

The European Investment Fund's (EIF) central mission is to support Europe's micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment. EIF’s total net commitments to private equity funds amounted to over EUR 8.8bn at end 2014. With investments in over 500 funds, EIF is a leading player in European venture due to the scale and the scope of its investments, especially in high-tech and early-stage segments. EIF’s guarantees loan portfolio totalled over EUR 5.6bn in over 350 operations at end 2014, positioning it as a major European SME guarantees actor and a leading micro-finance guarantor. The European Investment Fund (EIF) is part of the EIB Group.


The Western Balkan Enterprise Development and Innovation Facility (WB EDIF) promotes the emergence and growth of innovative and high-potential companies, as well as the creation of a regional Venture Capital market. The EUR 145 million of capital pulled together under this Facility by the EU, international financial institutions (IFIs), beneficiaries and bilateral donors will effectively translate into over EUR 300 million of direct financing for SMEs in the region.

The Facility is coordinated by the European Investment Fund and implemented in close cooperation between the governments of the Western Balkans, the European Commission, the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD). IFIs, international organisations and bilateral donors active in the region, such as the World Bank, DEG, OECD and others participating in order to streamline the efforts to develop the private sector in the Western Balkans.

About Raiffeisenbank Austria

Raiffeisenbank Austria d.d. (RBA) is the first bank in the Croatian market founded with foreign capital and it is a part of the international network Raiffeisen Bank International (RBI) that is present in 15 CEE markets.

Small and middle-size enterprises are of an exceptional importance for the economy, and they are also the main competitors in the market. The Raiffeisenbank SME offer incorporates deposit business and financing, in which simple solutions are created, applicable within a short period. Further, RBA provides also assisstance in investment projects. In co-operation with the Ministry of Entrepreneurship and Crafts and with Counties, RBA is implementing financial but also educational models, which it believes to greatly alleviate business projects as well as stimulate entrepreneurs for new undertakings, despite the unrewarding market environment and the economic situation in the country.

Flexibility is the characteristic of the Raiffeisenbank approach to all client segments, and this is especially important in the sector of small and middle-size enterprises. Continuously striving to adequately meet the clients' needs, we bear in mind that small and middle-size businesses are the moving force of the economy as a whole.

EIF Press Contact: David Yormesor, d.yormesor@eif.org

Raiffeisenbank Austria Press Contact: Nikolina Bogati, pr@rba.hr


We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.


Copyright ©

 European Investment Fund 2020 – The European Investment Fund is not responsible for the content of external internet sites.