Delyana Ivanova: BDB to Further Strengthen Its PerformanceThroughFinancing Strategic Investments
BDB presented its financial results for the first nine months of 2026 to representatives of employers’ organisations, trade unions and municipalities.
The Bulgarian Development Bank (BDB) presented its financial results for the first nine months of 2026, progress in implementing national programs, and new business financing opportunities to representatives of employers’ organizations, trade unions and municipalities.
The Advisory Council to BDB’s Supervisory Board includes representatives of the Bulgarian Industrial Capital Association, the Bulgarian Industrial Association, the Bulgarian Chamber of Commerce and Industry, the Confederation of Employers and Industrialists in Bulgaria, the two major trade union confederations – CITUB and CL Podkrepa – and the National Association of Municipalities in the Republic of Bulgaria. The Advisory Council facilitates ongoing dialogue between BDB and businesses, trade unions and municipalities, while promoting public oversight, transparency and accountability.
Delyana Ivanova, Chair of BDB’s Supervisory Board, introduced the new members of the bank’s management – Management Board members and Executive Directors Angel Naydenov, Kostadin Karanlakov and Nadia Koshinska, as well as Daniel Berg, Ivan Kutlov and Ivan Raichkov, who are joining the Supervisory Board.
“The Management and Supervisory Boards bring together highly experienced banking professionals who will help us further strengthen the bank’s performance. In line with the mandate entrusted to us by the government, BDB will contribute to the implementation of strategic projects and the attraction of strategic investors,” said Delyana Ivanova, Chair of the Supervisory Board.
BDB reported a net profit after tax of EUR 17.6 million for the first nine months of 2026, comparable to its performance in the same period of 2025.
The Advisory Council was also briefed on the amendments agreed with the Ministry of Agriculture and Food to the guarantee program of the National Guarantee Fund, part of BDB Group. Under the revised terms, guarantee coverage for new financing increases from 50% to up to 80%, while the deadline for issuing new guarantees is extended until the end of 2029.
The amendments will enable the creation of a new guarantee portfolio of up to EUR 200 million, supporting loans totaling more than EUR 250 million. The program targets micro, small and medium-sized enterprises in the agriculture, forestry and fisheries sectors, with a guarantee limit of up to EUR 1.5 million per borrower and related parties. Financing is provided through partner banks on more favorable terms, including lower interest rates and fees, reduced collateral requirements, or access to credit that would otherwise not be available without the guarantee.
The bank also reported the successful and timely completion of its assigned responsibilities under the energy renovation program for multi-family residential buildings, financed through the National Recovery and Resilience Plan. Following a decision by the European Commission, the funding managed by BDB was increased from EUR 246.6 million to EUR 332.5 million. The program will support the renovation of 630 buildings in more than 100 municipalities, with 100% of eligible costs covered.
