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International Partners

  • European Investment Fund (EIF)

    Bulgarian Development Bank is the first Financial Intermediary selected by the European Commission and EIF of all candidate member states to the EU accession. In July 2003 BDB received a guarantee line under the Multiannual Program for Enterprise and Entrepreneurship. EIF is committed to provide a direct guarantee covering 50% of the sub-portfolio of the Bank with eligible SMS loans, formed on the basis of the conditions of the agreement, in the amount of EUR 42 million. In 2015 BDB received a EUR 5 million loan from the European Investment Fund under the European Progress Microfinance Facility (Progress Microfinance) of the European Union.

    The purpose of the loan is to increase the access to micro-financing (loans and leasing) and to strengthen the role of the BDB in supporting the micro-business in Bulgaria. Eligible to apply are micro-enterprises with up to 10 employees and self-employed persons wishing to develop a business activity.With the Progress Facility funds BDB created a new on-lending program for financing micro-enterprises, where the co-financing is provided with BDB own resources. Part of the loan will be granted to the subsidiary of the Bank – the Microfinance Institution "JOBS" for micro-leasing and micro-loans.

    In 2016, Bulgarian Development Bank signed a new counter-guarantee agreement with the European Investment Fund under the COSME Program to support the small and medium-sized business in Bulgaria. Its purpose is to facilitate the access to long-term and cheap financing of companies in the country while reducing the requirements towards the collateral under the SMEs loans. COSME Program is implemented with the support of the European Fund for Strategic Investments, known as the Junker Plan.

    Under the terms of the COSME+, BDB will have the possibility to cover up to 60% of the risk under the SME loans, granted by commercial banks-partners. Thus, the requirements for the provision of collateral by the business sector will decrease thereby resulting in increase of risk-bearing capacity of the financing institutions.

    http://www.eif.org
  • European Investment Bank (EIB)

    In October 2000, BDB signed a financial contract with the European Investment Bank in the amount of EUR 10 million for long term investment projects of small and medium enterprises. The total of the loan investments amounted to 21 million euros.

    In December 2009 a second credit line was concluded between BDB and EIB in the amount of EUR 25 million for financing investment projects and working capital of Bulgarian SMEs. The loan was fully utilised for projects of Bulgarian companies for 63 million euro.

    In November 2016, BDB signed a new loan with European Investment Bank in the amount of EUR 150 million to finance projects promoted by SMEs and Mid-Caps in Bulgaria. The funds are provided with the support of the EU budget guarantee under the European Fund for Strategic Investments (EFSI), the financing component of the Investment Plan for Europe – the Junker Plan. This is the first EIB transaction in Bulgaria benefitting from the support of the EU budget guarantee under the Junker Plan. The aim of the loan agreement is to improve the access of SME and Mid-Cap companies to long term finance under more favourable terms.

    Part of the EIB funds will support innovative projects. Another part of the financing will be focused on projects undertaken in areas with high unemployment rate, under the Youth Employment Initiative or implemented by companies at start-up stage. A large part (minimum of 50%) of the loan will be allocated through banks - partners or other financial intermediaries.

    http://www.eib.org
  • The Council of Europe Development Bank (CEB)

    In 2003 CEB extended its first credit line to BDB in the amount of EUR 15 million under the programme „Job Creation and Maintenance for SME’s in Bulgaria“. The loan has been fully utilised for investment projects of Bulgarian companies for more than 30 million euros.

    A second loan agreement between CEB and BDB was signed in November 2009. The loan is for the amount of EUR 15 million. The funds will be used for financing of investment projects of micro, small and medium-sized enterprises of the real sector, creating new and preserving existing jobs, as well as for financing of craftsmen and family entrepreneurs.

    In March 2011 a third Loan agreement was signed between the Council of Europe Development Bank and Bulgarian Development Bank for the amount of EUR 20 million. The funds will reach the Bulgarian business through direct investment loans, with the aim to facilitate the access to financing of Bulgarian small and medium enterprises, and to create new and to preserve the existing jobs.

    In February 2016, Bulgarian Development Bank signed a Loan Agreement with the Council of Europe Development Bank in the amount of EUR 150 million. The funds will be used for financing Energy efficiency measures and constructive measures  in the Framework of the National program for energy efficiency of multi-family residential buildings. The loan will be used for renovation of multi-family buildings and is secured with state guarantee under the Guarantee Agreement signed between the CEB and the Ministry of Finance.

    The National Programme for Energy Efficiency was adopted with a decision of the Council of Ministers from 27 January 2015.

    http://www.coebank.org
  • Black Sea Trade and Development Bank (BSTDB)

    In October 2009 Bulgarian Development Bank signed a Loan agreement with Black Sea Trade and Development Bank in the amount of EUR 8 million for the financing of Bulgarian small and medium enterprises. The purpose of the credit line is creation, modernization and expansion of the activity of the SMEs in Bulgaria. The sub-loans provided under the agreement have a maximum term of 5 years and a grace period of 18 months and the aim is to finance working capital, export and pre-export activities of industrial or agricultural enterprises.

    In September 2011, BDB signed a second loan agreement with Black Sea Trade and Development Bank in the amount of EUR 31 million. The purpose of the loan is to finance investment projects, working capital, export and pre-export activities.

    http://www.bstdb.org
  • Nordic Investment Bank (NIB)

    In November 2004 BDB and NIB signed a loan agreement for the amount of EUR 10 million for the financing of investment projects of mutual interest for the Republic of Bulgaria and the member states of NIB (Kingdom of Denmark, Republic of Finland, Republic of Iceland, Kingdom of Norway and Kingdom of Sweden, as well as Lithuania, Latvia and Estonia). Loans under the programme are extended for a period up to ten years.

    In December 2010 a second credit line has been signed between Nordic Investment Bank and BDB in the amount of EUR 20 million. The funds are indented for the financing of investment projects with participation of NIB member states, projects related to renewable energy sources or to environmental protection. The financing may be provided directly from BDB or through bank-partners.

    In November 2004 BDB and NIB signed a loan agreement for the amount of EUR 10 million for the financing of investment projects of mutual interest for the Republic of Bulgaria and the member states of NIB (Kingdom of Denmark, Republic of Finland, Republic of Iceland, Kingdom of Norway and Kingdom of Sweden, as well as Lithuania, Latvia and Estonia). Loans under the programme are extended for a period up to ten years.

     

    In December 2010 a second credit line has been signed between Nordic Investment Bank and BDB in the amount of EUR 20 million. The funds are indented for the financing of investment projects with participation of NIB member states, projects related to renewable energy sources or to environmental protection. The financing may be provided directly from BDB or through bank-partners.

    http://www.nib.int
  • Kreditanstalt für Wiederaufbau (KFW)

    BDB being a trustee of MF, manages funds granted by Kreditanstalt für Wiederaufbau (KfW) in the amount of EUR 3,5 million, granted to the Bulgarian state for a tenor of 40 years. These funds are provided to selected commercial banks for long-term and medium term financing of SME.

    In 2007 BDB concluded a direct loan agreement with the Ministry of Finance, initially backed by the German counterpart through funds provided by KfW. Via this credit line BDB supplies credit lines to partnering banks for financing of small and medium-sized enterprises.

    On the 27th of July 2010 BDB signed a direct loan agreement for EUR 25 million with Kreditanstalt für Wiederaufbau. The financial resources are intended for direct lending of small and medium-sized enterprises and/or for credit lines for commercial banks for special-purpose financing for the SME sector. The funds shall be used mainly for financing of long-term investment projects of Bulgarian companies.

    In August 2016, the Bulgarian Development Bank signed a contract with KfW for the amount of EUR 100 million. The financing will be used for financing of relevant measures for energy efficiency and the necessary structural measures, implemented by the small and middle-sized enterprises in Bulgaria in the framework of the National Program for Energy Efficiency of Multifamily Residential Buildings. The loan is covered by a state guarantee in accordance to the guarantee agreement between the KfW and the Ministry of Finance.

    The National Program for Energy Efficiency was launched via a decision by the Council of Ministries from January27th, 2015. The program will help to reduce the electricity costs of households and extend the life cycle of the buildings.

    http://www.kfw.de
  • China Development Bank

    In October 2009 BDB signed a Loan agreement with China Development Bank in the amount of EUR 5 million. The funds under the loan are intended for direct lending to important of Bulgarian Economics projects of small and medium-sized enterprises.

    In May 2017, BDB signed a second loan agreement with China Development Bank in the amount of EUR 80 million. The contracted funds will be used for providing investment and working capital loans as well as credit lines for Bulgarian companies, borrowers of BDB. The resources can also be used by BDB to support strategic projects within the “One Belt, One Road” Initiative.

    http://www.cdb.com.cn
  • Industrial and Commercial Bank of China

    In November 2015 Bulgarian Development Bank and Industrial and Commercial Bank of China signed a Memorandum of Understanding during the fFourth meeting of the Heads of Government of China and the countries of Central and Eastern Europe, which was held in the Chinese city of Suzhou.

    In February 2016 BDB signed an Interbank loan agreement with China Development Bank in the amount of EUR 20 million. 

    The funds shall be used for general lending activity of BDB, direct financing or on-lending programs through commercial banks for the support of investment projects and providing working capital.

  • Japanese Bank for International Cooperation (JBIC)

    In 2006 BDB received a EUR 10 million credit line from Japanese Bank for International Cooperation with the cooperation of Mizuho Bank. The funds were used to finance projects of small and medium-sized enterprises to the purchase of Japanese investment equipment.

    In December 2009 BDB signed a second loan agreement for EUR 20 million with the Japan Bank for International Cooperation with the participation of Bank of Tokyo Mitsubishi. The purpose of the agreement is to promote the economic cooperation between Japan and Bulgaria by financing Bulgarian companies from all industries which purchase equipment manufactured in Japan and services provided by Japanese companies.

    http://www.jbic.go.jp
  • Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE)

    In May 2010 BDB and Sumitomo Mitsui Banking Corporation Europe signed a bilateral commercial financial facility for refinancing of letters of credit, issued by BDB.

    In order  to expand the terms of the agreement and providing pre-export and post-export financing, in November 2014 BDB signed a new agreement with Sumitomo Mitsui Banking Corporation Europe for trade financing, which enables the financing of commercial transactions for period of up to 1 year, including export deals.

    http://www.smbcgroup.com
  • International Investment Bank

    BDB received EUR 20 million from the International Investment Bank for financing small and medium enterprises in Bulgaria. The funds are provided for a period of 7 years and may be used for both direct financing of beneficiaries and for funding business support programmes implemented by the commercial banks. The loan will be used to finance investment projects and provide working capital as related to the investment projects, as well as for funding projects based on export transactions between end beneficiaries and companies from the IIB member-states: Bulgaria, Vietnam, Cuba, Mongolia, Russia, Slovakia and the Czech Republic.

    In 2015 -2016 BDB and IIB syndicated loans to Bulgarian companies in the amount of EUR 23,8 million.

    http://www.iibbank.com
  • CitiBank

    In 2010 BDB and CitiBank signed the first Facility Agreement between the two institutions. The loan was for the amount of EUR 12 million. The funds were used to finance the purchase of receivables with regard to the mechanism for settling restructured payments under the republican budget from government budget spending institutions.

    In August 2011 BDB signed a second Facility Agreement with CitiBank in the amount of EUR 7,9 million. The funds under this loan are used for refinancing of international and local trade transactions.

    The third Facility Agreement between BDB and CitiBank was signed in September 2011. The loan is for the amount of EUR 20 million. The funds will be used for direct and indirect financing of new or existing portfolio of investment loans and working capital of small and medium-sized enterprises in Bulgaria.

    http://www.citibank.com/bulgaria
  • Hungarian EXIM Bank

    In 2012 BDB negotiated a credit line of EUR 10 million with the Hungarian Exim Bank. The funds from will be used to finance Hungarian projects and the import of Hungarian products in Bulgaria. They are granted for a period of 2 to 5 years. The financial resource will be available to companies in the sectors of agriculture, environment, health, energy, transport and utilities.

    http://www.exim.hu
  • DEXIA Kommunalkredit Bank

    On 23 May 2007 BDB signed a Loan agreement with Dexia Kommunalkredit Bank (after the merger with Dexia Credit Local in 2013) in the amount of EUR 10 million. The loan is intended for financing of investment projects of small and medium-sized enterprises in Bulgaria.

    http://www.dexia.com
  • FMS Wertmanagement/ DEPFA Investment Bank

    On 18 May 2007 an Agreement was signed with DEPFA Investment Bank (as of September 2011 – FMS Wertmanagement Aor) in the amount of EUR 15 million for general corporate purposes.

    http://www.fms-wm.de
  • European Association of Public Banks (EAPB)

    European Association of Public Banks (EAPB) - Since May 2005 BDB is a member of the European Association of Public Banks, a prestigious organization with more than 100 members – financial institutions with 15% market share in Europe and assets of about EUR 3,500 billion. The EAPB members are banks with state participation, development banks and other European financial institutions. The mission of the Association is to represent the specific interest of the state banks and the development banks at the European level. The membership in EAPB facilitates the exchange of experience and best practices between BDB and other European public banks.

    http://www.eapb.eu
  • European Association of Long Term Investors (ELTI)

    BDB has been a member of ELTI since 2006. The organisation was established under the name of ISLTC in June 2006 and its mission was to facilitate the cooperation and information and know-how exchange between similar institutions within the European Union which specialise in long-term investments aimed at improving and expanding their joint actions. In order to further broaden the activities of the organisation and ensure sustainable representation at EU level in 2012 the ISLTC club was restructured and transformed into the The European Long-Term Investors Association (ELTI).

    http://www.eltia.eu
  • Network of European Financial Institutions (NEFI)

    Network of European Financial Institutions (NEFI) - In 2007 BDB was accepted as a full member of the Network of European Financial Institutions (NEFI) after it was an observer at the organization since 2004. NEFI consists of 16 financial institutions from 16 member state of the European Union.
    All members share a common mission set by the government of their respective country – to facilitate the access to financing for small and medium-sized enterprises. The partnering institutions operate on the principle of being complementary to one another and cooperation with the respective national banking systems through provision of co-financing, risk sharing, expert opinions regarding issues with SME financing. - www.nefi.be

     

    http://www.nefi.be