The Bulgarian Development Bank

The Bulgarian Development Bank has stated to the European Commission its desire to attract additional funds for the rehabilitation and development of small and medium-sized businesses. This will be done through the InvestEU program. The total resource that the bank will be able to have is up to BGN 1.7 billion.

The Bulgarian Development Bank (BDB), which by law has to support small businesses, has granted loans worth of BGN 946 only to eight private companies. Four of them may be indirectly related to Delyan Peevski, announced in his first television interview caretaker Minister of Economy Kiril Petkov.

The Bulgarian Development Bank will be thoroughly audited. An ad hoc commission is expected to launch an urgent probe into the work of the financial institution.

The Bulgarian Development Bank provides relaxed conditions for loans up to BGN 1 million for small and medium enterprises.

The Bulgarian Development Bank will assume the role of the financing institution under the InvestEU plan. This European Union program has inherited the "Juncker Plan" and will support the private sector in the European economy. The news was announced on the 18th of June - the Bulgarian Development Bank marked 20 years since it was established, reports BNT. 

Minister of Economy Emil Karanikolov opened the International Economic Forum of the Bulgarian Development Bank (BBR) "Roads for Partnerships". This year, it coincides with the 20th anniversary of the bank's founding. The conduct of the conference is part of BBR's active position in international financial cooperation.

The international rating agency, Fitch Ratings, raised the prospect of the long-term credit rating of the Bulgarian Development Bank, the bank said. They then specify that the bank receives the highest possible credit rating for a financial institution in Bulgaria.

The Bulgarian Development Bank (BDB) reported a net profit of BGN 23.7 M, up by 35% on the year, for the first nine months of 2014.

The BDB reported increased profit from its core business against the backdrop of lower interest rates on its loans.

The Bulgarian Development Bank (BDB) has a new Supervisory Board.

The Bulgarian Development Bank (BDB) has issued a statement assuring that its capacity to provide credit to small and medium-sized businesses will remain unimpaired.