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Bulgarian Development Bank given 15 million euro credit line

Sat, Sep 26 2009 09:38 CET

byDnevnik.bg

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Bulgarian Development Bank given 15 million euro credit line

Photo: SUSANA VERA

Bulgarian Development Bank (BDB) said on September 25 2009 that it had secured a 15 million euro credit line from the Council of Europe Development Bank (CEB).

The funding will be used to ease access to funding from small and medium-sized enterprises, create jobs and safeguard existing jobs by means of direct investment loans.

The state-controlled institution, which is the successor to Encouragement Bank that was renamed in 2008 to reflect its new function as an export-promoting development bank, has so far absorbed two lines of credit of 15 million euro each from the institution.

Source: Dnevnik.bg

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