Domači izvozniki dobijo novo možnost financiranja, HBOR prevzame del tveganja izterjave

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.