06.12.2023 BDB has negotiated EUR 50 million from China Exim Bank

Bulgarian Development Bank will receive an EUR 50 million credit line from the China Exim Bank to finance the Bulgarian business. The Facility Agreement was signed on December 5, 2023.

The term of the loan is five years and the funds will be used to support Bulgarian enterprises, as well as to finance commercial operations.

This is the second Facility Agreement between Bulgarian Development Bank and China Exim Bank, following the first one from 2017, which was successfully utilized. The Cooperation between the two institutions dates since the signing of a framework Financial Cooperation Agreement in April 2014, which envisages joint financing of key projects or areas.

China Exim Bank is a State-owned financial institution founded in 1994. The main focus of its activities is to support China's imports and exports, support local companies to implement their overseas projects and promote international economic cooperation and trade.