The Function of the Croatian Bank for Reconstruction and Development in Credit Financing of the Croatian Economy

Budući da mala i srednja poduzeća (u daljnjem tekstu: MSP) predstavljaju značajan segment u gospodarstvu razvijenih zemalja, veliki napori i velika sredstva ulažu se u poticanje i razvoj istih. U gospodarstvu Republike Hrvatske, tu značajnu ulogu kreiranja poticajnih, razvojnih i izvoznih programa za poduzetnike ima Hrvatska banka za obnovu i razvoj (u daljnjem tekstu: HBOR) , banka koja je u 100% vlasništvu Republike Hrvatske. S obzirom na globalno a samim time i mikroekonomsko kretanje ekonomskih prilika unutar naših granica, ovisno o potrebama i podobnom teritoriju za ulaganje poduzetnika, kreiraju se programi koji uvelike utječu na donošenje pozitivnih odluka poduzetnika o možebitnom početnom ulaganju, širenju te unaprjeđenju trenutnog poslovanja. Od osnutka do danas, HBOR sustavno radi na prilagodbi poduzetniku što se kao rezultat manifestira u broju novih programa koja se iz godine u godinu bilježe u određenom broju. Kroz ovu temu pokušat ću približiti ulogu HBOR-a u kreditiranju gospodarstva RH kroz godine od osnutka do danas, način prikupljanja sredstava i izvore istih sa stranih tržišta kapitala te način djelovanja ove specifične banke, Hrvatske banke za obnovu i razvoj.Since small and medium sized enterprises (below: SMEs) represent an important segment of the economy of developed countries, great efforts and substantial resources are invested in the promotion and development of the same. In the Croatian economy, the important role of creating incentive, developmental and export programs for entrepreneurs has the Croatian Bank for Reconstruction and Development (below: CBRD) which is 100% owned by Republic of Croatia. In view of the global and consecuently microeconomic trends in the Croatian economy, depending on the needs and positive investment atmosphere, there are programs of greatly influence on entreprenuer's positive decision for a possible initial investment, expansion and enhancement of the business. Since its establishment until today, CBRD is continuously working on adapting to the entrepreneurs which is manifested in continious number of programs year after year. In this essay I will try to explain the function of CBRD in credit financing of Croatian economy over the years, from its establishment until today, methods of raising funds, source of the same in foreign capital market and modus operandi of this specific bank for reconstruction and developemen