12.12.2022 Delyana Ivanova, Deputy Chairwoman of the Supervisory Board of the Bulgarian Development Bank: The Development Bank is stable and has the potential fo

"The role of development banks is to take more risks compared to commercial banks when it is of public importance," said Delyana Ivanova, Deputy Chairwoman of the BDB, in the program "Business.bg" on the Bulgarian National Television.

She gave the example of the Program for Financing of Hospitals for Active Treatment, which was adopted by the Council of Ministers in July and enables the BDB to support hospitals in the country that are experiencing difficulties. The first borrower will be Alexandrovska Hospital.

According to Delyana Ivanova, the high capital adequacy of the BDB allows it to upgrade its current financial products and introduce new ones. As well as a more comprehensive implementation of the objectives set out in the Bulgarian Development Bank Act.

"The bank is stable and well-capitalized. Its priority is to support small and medium-sized businesses, and its scope of activity also includes overcoming regional imbalances and supporting national priority projects. There is potential for development in this direction," emphasized the Deputy Chairwoman of the Supervisory Board of the BDB.

Delyana Ivanova is adamant that the role of the BDB is to support and complement the activities of commercial banks, as well as to intervene in important sectors without entering into competition with them.

She reminded that development banks around the world are institutions that are a benchmark for quality and provide guarantees and security to other market participants.

An Advisory Council is to be set up at the BDB, to which will be invited employers' and branch organizations, as well as the National Association of Municipalities. The Bank's objective is to build trust by responding to social and business needs and providing sufficient mechanisms for public scrutiny and transparency.