Bulgarian Development Bank Approves All Partner Banks under Juncker Plan Scheme
Wednesday, 04 October 2017
The Bulgarian Development Bank (BDB) has approved all ten partner banks in a new lending scheme under the Juncker Plan. These are Alianz Bank, the Bulgarian-American Credit Bank, DSK, Pireos, Investbank, United Bulgarian Bank and CIBank, Municipal Bank,First Investment Bank, Commercial Bank and Eurobank.
The partner banks are yet to be vetted by the European Investment Bank.
The money under the scheme for the Bulgarian business have been secured by BDB and EIB within the Investment Plan for Europe.
The scheme is aimed at small, middle and intermediate companies with up to 3,00 staff which are among the existing clients of the banks.
Banks will extend investment, project and turnover financing between 3 and 24 million leva and the BDB will provide loan cover at 100 per cent.