Domestic exporters get a new financing opportunity, HBOR takes some of the risk of the charge

The Croatian Bank for Reconstruction and Development (HBOR) has introduced a new financial product called 'export receivables factoring' aimed at domestic exporters. This service allows exporters to sell their outstanding short-term export receivables to HBOR, receiving immediate cash while securing payment guarantees through insurance policies issued by HBOR or the Croatian Credit Insurance (HKO). The initiative aims to improve liquidity, streamline cash flow management, and enhance the competitiveness of exporters by reducing the risk of non-payment by foreign buyers. The factoring fee is set at 0.15% of the value of the receivables, with fixed interest rates applied throughout the financing period.

Croatian exporters have gained access to a new financing option through the Croatian Bank for Reconstruction and Development (HBOR). The bank has introduced export receivables factoring, allowing domestic exporters to sell their outstanding short-term foreign receivables with insurance coverage. This service enables exporters to convert future payments into immediately available funds while reducing payment risks from overseas buyers. According to HBOR, the insurance policy is issued either by HBOR itself or by Croatian Credit Insurance (HKO). Exporters can use this policy to secure their receivables, ensuring greater certainty in receiving payments from international customers. HBOR's managing director, Hrvoje Čuvalo, stated that the initiative helps exporters improve liquidity, manage cash flow more effectively, and enhance their competitiveness in global markets. The new product is available to exporters who meet HBOR’s credit quality criteria. All receivables subject to factoring must be insured, with coverage of at least 85 percent of the receivable's value. To make financing conditions more favorable, HBOR offers a fixed interest rate throughout the approved period and charges a factoring fee of 0.15 percent of the purchased receivables, without additional processing fees.

2 reports

tportalIndependentCenter10 hr. ago

Domestic exporters get a new financing opportunity, HBOR takes some of the risk of the charge

Bias read (Center): The article provides a balanced overview of a new financial product introduced by HBOR, focusing on its benefits for exporters without taking a clear ideological stance. It quotes HBOR's leadership but does not present opposing viewpoints or biased language.

HRT (Hrvatska radiotelevizija)State / PublicCenter10 hr. ago

HBOR started factoring export receivables of domestic companies

The Croatian Bank for Reconstruction and Development (HBOR) has launched a new financial product aimed at domestic exporters, known as export receivables factoring. This service allows exporters to sell their outstanding short-term receivables to HBOR, with the receivables secured by insurance policies. The initiative is designed to provide liquidity to exporters by enabling them to receive immediate payment for goods sold abroad, reducing financial risk associated with delayed payments. By offering this service, HBOR aims to support the growth of Croatian exports and enhance the financial stability of local businesses engaged in international trade.

Bias read (Center): The article reports on a financial initiative by HBOR, which is a state-owned institution. However, the content focuses on economic development and does not present any overtly political stance, framing, or biased language. It provides factual information about a new financial product without taking

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Domestic exporters get a new financing opportunity, HBOR takes some of the risk of the charge

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