Two Chinese Banks to Lend Combined 50 Million Euros to Bulgarian Development Bank - Report
Friday, 27 November 2015
SOFIA (Bulgaria), November 26 (SeeNews) - Two Chinese banks have signed agreements on loans worth a combined 50 million euro ($53 million) to the Bulgarian Development Bank (BDB), the Bulgarian finance minister said as quoted by Sofia-based media on Thursday.
The loans which will ensure a BDB credit line in support of the development of small and medium-sized enterprises (SMEs), finance minister Vladislav Goranov said, as quoted by the state-owned radio broadcaster BNR.
No state guarantees will be issued for the loans, Goranov added.