The European Investment Fund (EIF) and Raiffeisenbank Bulgaria signed a €100mn agreement for guarantees under the JEREMIE programme for financing of local small and medium-sized enterprises, the bank said in a statement on January 14.
Thanks to the agreement, the bank will continue supporting Bulgarian companies with less than 500 employees, it said in the statement.
“Thanks to our excellent partnership with the European Investment Fund we have supported 4,000 projects of Bulgarian small end medium-sized companies with more than €450mn,” Dobromir Dobrec, deputy head of Raiffeisenbank Bulgaria’s managing council, said in the statement.
Within the next three years, the bank will secure banking products related to financing under more favourable conditions. These include funding for working capital, overdrafts, factoring, bank guarantees and other products.
Related Articles
Uzbek fintech player Uzum assigned Fitch ‘B’ rating, outlook positive
Fitch Ratings has assigned Uzum Holding a Long-Term Issuer Default Rating (IDR) of ‘B’ with a Positive ... more
Financial Stability Board publishes recommendations on nonbank leverage risks
Global regulator, the Financial Stability Board, published final policy recommendations to address financial stability risks from nonbank financial intermediation leverage, giving authorities ... more
Non-performing loans hit historic low in CESEE, but early warning signs emerge, says EBRD
Non-performing loans (NPLs) in central, eastern and south-eastern Europe (CESEE) fell to their lowest levels since the global financial crisis in 2024, but early indicators suggest rising risks ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
20 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago