Industrial and Commercial Bank of China

In November 2015 Bulgarian Development Bank and Industrial and Commercial Bank of China signed a Memorandum of Understanding during the fFourth meeting of the Heads of Government of China and the countries of Central and Eastern Europe, which was held in the Chinese city of Suzhou.

In February 2016 BDB signed an Interbank loan agreement with China Development Bank in the amount of EUR 20 million. 

The funds shall be used for general lending activity of BDB, direct financing or on-lending programs through commercial banks for the support of investment projects and providing working capital.

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