ZAGREB (Croatia), October 3 (SeeNews) – The European Commission announced on Monday that it has approved, under EU state aid rules, a Croatian methodology for calculating premiums on loans guaranteed by the for medium and large enterprises granted as part of the Croatian recovery and resilience plan.
“Under the calculation methodology approved today, collateral premiums are linked to a combination of alternative pricing methodologies, which are based either on expected borrower losses, appropriate credit default swap indices, or on the interest rates charged by the financial intermediary,” the Commission said. said in a statement.
The applicable guarantee premium cannot be lower than the prices indicated by each of the alternative methodologies. This approach ensures that these premiums are adequate to remunerate the risks borne by the guarantor and are based on objective market benchmarks. The methodology will apply until October 3, 2026.
Croatia’s national recovery and resilience plan will be funded by 5.51 billion euros ($5.4 billion) in grants. RRF payments are performance-based and conditional on the country implementing the investments and reforms outlined in its recovery and resilience plan.
($ = 1.0213 euros)