Bulbank announced today that starting from this week the best offer for small business is again available to Small Business clients as part of a new campaign ongoing until March 2005. Small business companies will have access to working capital loans and leasing financing at maximum 9.22%, with a simplified and fast procedure ensuring an answer within 72 hours.

Small Business clients will have the possibility to discuss their financial matter with a professional banker allocated to each client and to buy special packaged accounts designed to their specific needs (Business Leader Package) at additional discounts in fees and interest rates.

"Based on the extraordinary success of the campaign at the end of last year, we decided to extend our offer to small business companies till the end of March this year" Mr. Alessandro Decio, Chief Operating Officer of Bulbank comments. "For only three months the Bank succeeded to attract approximately 2 500 new clients in the segment and granted more than BGN 23 million loans to 500 of them, backed-up with BGN 5 million leasing deals. It was thanks to the attractive terms, but also to the unique service model with dedicated relationship manager, and thanks to the competence of our dedicated bankers, offering valuable advices based on thorough knowledge of our clients' business. We are really proud about this success and we want to continue to make available such terms to a segment which is so important for the economic development of Bulgaria", Mr. Decio adds.

Bulbank offers competitive annual interest rate on small business loans for working capital and leasing that is floating and based on BNB basic rate, but at the date of contract signing is fixed on 9,22%. The bank offers additional discount of up to 60% of fees and commissions for clients using Business Leader packages. The Business Leader package combines the most frequently used banking services on attractive terms and providing full transparency and certainty on the cost.

The small business loans of Bulbank are offered for companies with annual turnover up to BGN 1 million. The bank does not require a business plan and answers to clients' applications within 72 hours from the submission. The maximum amount of the financing is anchored to the annual turnover of the company and reaches up to BGN 150 000 with flexible repayment terms.

Through UniCredit Leasing (100% owned subsidiary of Bulbank) attractive leasing terms are offered to Small Business mainly for the purchase of vehicles, production and trade equipment and agriculture machinery. The maximum term of the leasing period is 5 years and the reply to the application is up to 24 hours after all needed documents are submitted. The rate for used cars/equipment is 10.22% on annual base.