Bulgaria's BDB approves over 153 mln euro of loan guarantees, interest-free loans

Bulgaria's BDB approves over 153 mln euro of loan guarantees, interest-free loans

The Bulgarian Development Bank (BDB) said on Tuesday that it has approved requests for loan guarantees and interest-free loans worth over 300 million levs ($186 million/153 million euro) under its two measures for supporting the economy during the pandemic.

The BDB has guaranteed loans of 1,311 small and medium-sized enterprises, worth a total of 164 million levs, the BDB said in a statement.

The state-owned lender has also approved the applications of 33,178 physical persons for interest-free loans worth a total of 144 million levs, it said.

The application deadline of both programmes is June 2021.

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