News
Four commercial banks will provide EUR 25 million negotiated between BDB and KfW to SME
06 October 2011
Four commercial banks, selected on the basis of competitive procedure, will provide EUR 25 million for financing of small and medium sized enterprises. The funds are provided under a credit line signed between the Bulgarian Development Bank (BDB) and Kreditanstalt fuer Wiederaufbau (KfW). This is the second loan agreement between the Bank and the German financial institutiBDB will develop credit products for EU project
05 October 2011
Bulgarian Development Bank (BDB) will develop a new products to support the process of utilization of EU funds in the country. This was announced by the Executive Director of the Bank, Iliya Karanikolov, during the conference “EU funds and competitiveness”. According to him, this is necessary also with relation to the increasing role of BDB to facilitate the access to financing for the business.
EIF increases support for Bulgarian businesses
30 September 2011
EIF Chief Executive, Mr Richard Pelly and Vice Chairman of the Board of Directors of JOBS MFI and Executive Director of BDB, Mr. Iliya Karanikolov, together with the Chairman of the Board of Directors of National Guarantee Fund (NGF), and Member of the Management Board of Bulgarian Development Bank (BDB) Mr. Andrei Genev, today signed two agreements in Sofia to support micro, small and medium-sized enterprises in Bulgaria.
Bulgarian Development Bank contracted a new credit line of EUR 31 million with the Black Sea Trade and Development Bank
20 September 2011
Bulgarian Development Bank (BDB) contracted a new EUR 31 million credit line with the Black Sea Trade and Development Bank (BSTDB) for financing of small and medium sized enterprises. The Agreement was signed by Mr. Assen Yagodin – Chief Executive Officer of BDB and Mr. Andrey Kondakov – President of BSTDB.BDB AD will finance approved projects under the Rural Development Areas Program with interest rate of up to 7%
25 July 2011
Bulgarian Development Bank AD (BDB AD) will provide loans with annual interest rate of up to 7% to approved projects under the Rural Development Areas Program (RDAP). The above will also apply to investment programs of the State Fund Agriculture (SFA).
25 May 2011
The international rating agency “Fitch Ratings” raised the outlook of the credit rating of Bulgarian Development Bank (BDB) from negative to positive.
BDB presented its activities and tasks to the Bulgarian -Nordic Chamber of Commerce
21 April 2011
Bulgarian Development Bank (BDB) presented its activities and tasks to the Bulgarian-Nordic Chamber of Commerce (BNCC). During the meeting, held in Grand Hotel Sofia the financial institution introduced to the members of the Chamber the functions of its subsidiaries – the National Guarantee Fund and the Jobs Micro Financing Institution.A new Management Board of Bulgarian Development Bank AD has been appointed
15 April 2011
IIn accordance with the Statutes of the Bulgarian Development Bank, the Supervisory Board has elected a new Management Board of the bank.
