After only one month from the launch of the campaign, Bulbank reports more than BGN 10 million newly extended working capital loans to Bulgarian small business, with over 1,300 new clients attracted by Bulbank's unique offer of 9.22% interest rate. By the end of the year the bank expects to disburse BGN 20 million to Small Business, to over 2,500 new clients.

"Our observations show that the new clients of Bulbank are attracted not only by the competitive lending terms and quality of our products, but mostly attracted by positive reference from other clients of the Bank that already benefit from the unique service model we offer," Mr. Lubomir Punchev, Head of Retail Banking Division of Bulbank comments.

Bulbank's small clients will be serviced by a personal banking consultant - a trained professional providing the best tailor-made solution for the exact demands of the small business.

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.