Postbank joins European Investment Fund’s JEREMIE and COSME guarantee programmes

Postbank joins European Investment Fund’s JEREMIE and COSME guarantee programmes

Joining the initiatives, the bank will offer additional anti-crisis instruments to its business client

Postbank has signed agreements with the European Investment Fund, joining the JEREMIE and COSME guarantee programmes, which will allow the bank to support the liquidity needs and projects of micro, small and medium-sized enterprises in the current very challenging economic environment.

Under the JEREMIE initiative, the total volume of the portfolio of financed transactions could reach up to EUR 75 million and the maximum amount of each transaction stands at up to EUR 3 million for working capital or trade finance in the form of bank guarantees, letters of credit or factoring. Clients may take advantage of relieved conditions for collateral requirements and lower financing costs (interest rates, fees and commissions).

Companies may take advantage of this type of guarantee instrument and sign agreements for loans, documentary transactions or factoring in the following 36 months.

The JEREMIE initiative is open for companies from all sectors (excluding farmers), for SMEs with up to 250 personnel and annual turnover of up to BGN 97.5 million, and larger companies, the so-called small mid-caps, with up to 500 personnel.

The COSME initiative, which Postbank has joined as a partner, is available for SMEs, including start-ups, with operating history of up to one year. Companies may join the guarantee initiative in the following 36 months and benefit from substantial relief in guarantee conditions for working capital or investment loans. The maximum volume of the loan portfolio financed by the programme is EUR 71.6 million.

“Loan guarantee instruments have proven their efficiency as a measure to support the urgent liquidity needs of the private sector. Postbank believes it is essential to act as a partner of the business in the current situation. Our involvement in the two initiatives is yet another step with which we demonstrate that we are standing right next to our clients and their needs even in hard times, and that we actively support the measures for dealing with the Covid-19 economic impact,” Postbank states.

More information about the business products is available at www.postbank.bg.

Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.