Deputy Minister of Development and Investment Giannis Tsakiris noted that they will be announced, soon, by the Hellenic Development Investment Bank with the support of the NSRF and the Development Fund
Deputy Minister of Development and Investment Giannis Tsakiris noted that they will be announced, soon, by the Hellenic Development Investment Bank with the support of the NSRF and the Development Fund
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EIF, six Bulgarian lenders to back SMEs and mid-caps with up to 800 mln euro Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic.
SOFIA (Bulgaria), January 22 (SeeNews) - The European Investment Fund (EIF) said that together with six Bulgarian commercial banks it will support local small and medium-sized enterprises (SMEs) and mid-cap companies through a new guarantee instrument expected to generate up to 800 million euro ($973.4 million) of financing and documentary credit.
The financing will be made available through Bulgaria-based ProCredit Bank, United Bulgarian Bank, Eurobank Bulgaria, Raiffeisenbank, UniCredit Bulbank and DSK Bank, the EIF said in a statement on Thursday.
The new guarantee instrument supports working capital loans to hard-hit small businesses in Bulgaria that are facing disruption in their production or sales and are therefore affected by a liquidity squeeze due to the pandemic.