Erste Group Croatian Unit To Lend 1.3 Bln Kuna to Croatian Water Management Co

Croatia's Erste&Steiermaerkische Bank (ESB), part of Austria's Erste Group, said on Wednesday it will lend 1.3 billion kuna ($234 million/176 million euro) to Hrvatske Vode water management company. The funds will be used in capital investments in the area of water damage, water supply and waste water treatment, the bank said in a statement. Earlier this month, the Croatian government issued a state guarantee for the Hrvatske Vode to borrow 1.03 billion kuna from ESB.

News source: Waterwold link: article