Black Sea Trade and Development Bank (BSTDB)

In October 2009 Bulgarian Development Bank signed a Loan agreement with Black Sea Trade and Development Bank in the amount of EUR 8 million for the financing of Bulgarian small and medium enterprises. The purpose of the credit line is creation, modernization and expansion of the activity of the SMEs in Bulgaria. The sub-loans provided under the agreement have a maximum term of 5 years and a grace period of 18 months and the aim is to finance working capital, export and pre-export activities of industrial or agricultural enterprises.

In September 2011, BDB signed a second loan agreement with Black Sea Trade and Development Bank in the amount of EUR 31 million. The purpose of the loan is to finance investment projects, working capital, export and pre-export activities.

http://www.bstdb.org

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