Bulgarian Development Bank opens EUR 51.1mn credit line to SMEs.

By bne IntelliNews March 27, 2012
CEO of the state-run Bulgarian Development Bank (BDB), Asen Yagodin, informed that the lender will grant a BGN 100mn (EUR 51.1mn) credit line for financing small and medium-sized enterprises (SMEs) in the country, investor.bg informs. The amount will be provided in two tranches to six local banks. Each credit should not exceed BGN 2mn; the interest rate will be set at 7% and will mature in up to five years. BDB may provide additional financing upon utilisation of the above credit line.
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