Bulbank provides long-term investment financing

Bulbank has signed EUR 30 million loan agreement with European Investment Bank for financing of Bulgarian small and medium sized enterprises. The funds are designed to finance companies working in the fields of environment, infrastructure, and development of a knowledge-based economy, rational use of energy, health and education in Bulgaria.

Total fixed assets cost of the projects financed should be for a minimum EUR 40 000 to maximum EUR 25 million. Under the EIB contract Bulbank will finance companies with net fixes assets not exceeding EUR 75 million, which employ fewer that 500 people. The facility provides loans for investment needs and also finances start-up businesses and green-field projects. EIB funds should finance not more than 50% of each project’s total costs.

Bulbank is the first Bulgarian bank seceding to secure such an EIB loan facility by itself thanks to its strong capital structure.