Bulgarian Development Bank To Cover Up To 60% of Risk on Business Credits
- Tweet
Send to Kindle
BGNES
The Bulgarian Development Bank (BDB) has signed a new agreement for the issuing of a counter-guarantee with the European Investment Fund (EIF) under the COSME programme in support of small and medium-size enterprises in Bulgaria.
The aim is to facilitate access to long-term, low-interest credits to firms in the country, while simultaneously easing the requirements for the securing of collateral on credits, reported investor.bg.
BDB will now be able to cover up to 60% of the risk on the credits of commercial banks with which it is a partner.
The COSME programme is implemented with the support of the European Fund for Strategic Investments, also known as the Juncker plan.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Bulgaria has Paid almost 400 Million Euros for the Import of Azeri Gas
- » Bulgarian-Turkish Business Forum opens Today in Burgas
- » Unfair Import of Millions of Eggs from Ukraine: Bulgarian Producers
- » Balchik- Increasingly Popular Destination on the Bulgarian Black Sea Coast
- » Bulgaria approved a Derogation for the Purchase of Parts and Materials for the Kozloduy NPP from Russia
- » Bulgaria will receive EUR 16 Million in Compensation due to large Imports of Grain from Ukraine
