Covid-19 Related News
BDB continues to work in support of businesses affected by the Covid-19 crisis
BDB continues to provide liquidity and security to companies affected by the COVID-19 pandemic. In June, the businesses received guarantees for funding provided worth BGN 24,075,560 under 151 contracts. In July, the partner banks in the anti-crisis program received BDB’s confirmation for the guaranteeing of 94 loans worth over BGN 23 million. Funding applications can be submitted at the offices of the eight partner banks: BACB, Investbank, Postbank, UniCredit Bulbank, DSK Bank, Fibank, Allianz Bank and UBB. Since the start of the program in 2020, loans of over BGN 320.3 million have been granted.
Shorter loan approval time under BDB’s renewed guarantee program in support of businesses
The Bulgarian Development Bank will offer shorter loan approval time and reduced collateral requirements under its guarantee program in support of businesses affected by the COVID-19 pandemic. The changes in the anti-crisis measure were approved by a decision of the Council of Ministers and will enter into force after a positive opinion from the European Commission.
BDB has approved loans worth over BGN 268 million under two anti-crisis programs
12.01.2021
Nearly two thirds of the funds under the interest-free loan program for individuals already agreed upon
UniCredit Bulbank and UBB started admission under the new terms of the interest-free loan program for individuals
08.01.2021
UniCredit Bulbank and UBB are among BDB’s partners in the interest-free loan program for individuals, which are already accepting applications under the renewed terms.
Postbank begins acceptance under the new conditions of the program for natural persons
31.12.2020
As of 31 December 2020, Postbank is the second partner bank of BDB to begin accepting applications under the new conditions of the program for interest-free loans to natural persons.
DSK Bank is the first commercial bank to begin acceptance under the new conditions of the program for natural persons
21.12.2020
DSK Bank is the first bank that has been accepting applications under the new conditions of the program for interest-free loans to natural persons since 21 December 2020.
BDB’s Chief Economist: We are ahead of events and work to help people and businesses
17.12.2020
The anti-crisis measures in support of people and companies affected by the pandemic are adapted to their needs.
Jivko Todorov, Executive Director: BDB is effective in support and development programs
08.12.2020
The bank has taken on the role of one of the main anti-crisis instruments of the Bulgarian government, the Executive Director of BDB said in an interview for "24 Hours".
EC has approved the changes to the guarantee programme to support the business having suffered by the COVID-19 pandemic
25.11.2020
The changes will take effect at the 8 partnering banks that grant the loans under the programme
Jivko Todorov, Executive Director of BDB: We are working on an option to re-apply for the guarantee program for individuals
24.11.2020
Bulgarian Development Bank (BDB) is working on an option for individuals to re-apply for the guarantee program, for which it received a mandate from the government, as well as to extend the application period until June 2021.
Approximately BGN 80 million were approved by commercial banks under the Bulgarian Development Bank’s interest-free lending program
28.09.2020
The approved requests for credits from the commercial banks under the anti-crisis program for interest-free lending to natural persons amount to approximately BGN 80 million. This is what Bulgarian Development Bank’s data as at 28th September show.
Allianz Bank and Commercial Bank D will accept applications for interest-free loans to individuals
18.08.2020
More than 2,000 loans have been approved in the last two weeks since the beginning of the program
10 commercial banks are ready to grant loans guaranteed by BDB in support of business
13.05.2020
Bulgarian Development Bank will provide guarantees for companies experiencing difficulties due to the COVID-19 pandemic
The BDB is preparing an extension of the natural persons program
The Bulgarian Development Bank submitted a proposal to the Ministry of Economy for an extension of the program for interest-free loans to natural persons who are temporarily unable to work due to the COVID-19 pandemic. The changes reflect the context of the increasingly complex pandemic situation and aim to provide additional financial resources to meet the ongoing and active demand for interest-free loans under the program.