Bulgarian Development Bank Eyes Surge in Lending in 2014

Bulgarian Development Bank Eyes Surge in Lending in 2014

The state-run Bulgarian Development Bank (BDB) expects a surge in its lending operations in 2014, a senior executive said.
Next year, the bank will be looking to finance projects in agriculture, especially vegetable and animal farming, manufacturing, innovations and natural resources like mineral water, Nikola Stoyanov, head of BDB’s SME lending division, told SeeNews.
Stoyanov told a discussion panel at the forum that the bank would look to back projects that do not fall within the scope of operation of commercial lenders. The main focus will be on riskier projects and projects of startup businesses.
BDB’s main focus is on local SMEs, project financing for export-oriented companies, as well as investment banking and public projects of national importance.

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