CitiBank

In 2010 BDB and CitiBank signed the first Facility Agreement between the two institutions. The loan was for the amount of EUR 12 million. The funds were used to finance the purchase of receivables with regard to the mechanism for settling restructured payments under the republican budget from government budget spending institutions.

In August 2011 BDB signed a second Facility Agreement with CitiBank in the amount of EUR 7,9 million. The funds under this loan are used for refinancing of international and local trade transactions.

The third Facility Agreement between BDB and CitiBank was signed in September 2011. The loan is for the amount of EUR 20 million. The funds will be used for direct and indirect financing of new or existing portfolio of investment loans and working capital of small and medium-sized enterprises in Bulgaria.

http://www.citibank.com/bulgaria

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