CEB Lends 25 Mln Euro To Back Growth, Jobs at Bulgarian SMEs

CEB Lends 25 Mln Euro To Back Growth, Jobs at Bulgarian SMEs

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. 

 

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