The Council of Europe Development Bank will lend 25 million euro to support job creation and growth at small and medium-sized Bulgarian frims, the bank said on Friday.
Twenty million euro ($27.2 million) will go to majority state-owned Bulgarian Development Bank (BDB) for on-lending to small and medium-sized enterprises (SMEs), the Council of Europe Development Bank (CEB) said in a statement on its website.
Five million euro of the CEB credit line will go to Societe Generale Expressbank, a unit of French banking group Societe Generale.