From 1st October until the end of the year, Bulbank is back to the market with the best terms and conditions for mortgage loans - 8.88% annually (floating rate anchored to BNB rate evolution) and an additional discount of up to 50% of all fees and commissions.

Bulbank will provide its clients with a commitment within 3 days from the submission of the application and will provide in addition free of charge life insurance for its mortgage clients and the possibility to have access by default to a credit card with limit of 10% of the mortgage amount.

"We have decided to renew such offer to our clients, due to the huge interest previously experienced this year and the continued applications, even after the end of the previous campaign in June. We estimate that one out of four new mortgages issued in the last few months was closed with Bulbank confirming the superior quality of our product offer, not only because of particularly attractive financial terms, but also because of the vast product range, the flexibility of our offer, the fast response time and the new service offered within our retail credit centre in Sofia", Mr. Alessandro Decio Chief Operating Officer of Bulbank comments.

"We have extended the offer until year end to allow larger number of potential clients to continue to benefit in 2004 of such terms and to fulfil their dream of buying, building or renewing their house. We are committed to maintain and strengthen our position in the mortgage market, with a continuous product innovation and attractive terms to meet at best the needs and expectations of our clients", Mr. Decio continues.

The Mortgage Programme of Bulbank offers five different credits for variety of purposes - purchase or construction of a new house, construction of a house together with the construction company, purchase of new property while the clients repays another loan or sells his old house.