EIB provides EUR 20mn loan to Sogelease Bulgaria.

By bne IntelliNews March 19, 2013
Sogelease Bulgaria, the local leasing arm of Societe Generale Expressbank, received a EUR 20mn loan from the European Investment Bank, money.bg reported. The funds will be used to support small and medium sized enterprises in the country through cheap financing. The majority of the loans will be extended to the agriculture, transport and manufacturing sectors. In December, Fitch assigned Sogelease Bulgaria a long-term IDR of BBB+, with a stable outlook.

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