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!
- » Standard & Poor's Confirmed Bulgaria's Rating with a Stable Outlook
- » Davos 2022: Poland's Energy Sector requires Investments of at least PLN 1.3 trillion by 2030
- » Bulgaria: Nearly 40% Increase in the Price of Heating is Planned by the Energy Commission
- » Bulgaria Officially Adopted the National Plan for Introduction of the Euro in 2024
- » Cryptocurrencies Went Down out of Consolidation
- » Diesel and Gasoline more Expensive for Foreigners in Hungary
