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Bulgarian Development Bank EAD

Summary

Company ID (NIN)

121856059

Company owner / manager

  • Ministry of Economy

Country

Bulgaria

Capital

1,441,774,000

Total assets

4,006,854,000

Net loss for the period

-104,598,000

Report year

2020

Currency

BGN

Industry

Banking

General information

About Bulgarian Development Bank EAD

Bulgarian Development Bank EAD is a Bulgarian state-owned bank, aimed at supporting local SMEs, export-oriented companies and public projects of national significance. According to the Bulgarian National Bank (BNB), the bank was eighth in terms of total assets in the country as of December 2020.

The bank's activities are regulated by the state through Bulgarian Development Bank Act, promulgated, State Gazette No. 43/29.04.2008, amended SG No.63/04.08.2017.


Last updated on Julu 6, 2021.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
March 11, 1999
NIN
121856059
Tickers
Stock Exchange
ISIN
Profile last updated
July 15, 2021, 11:53 a.m.
Alternative names

    Bulgarian Development Bank JSC
    Balgarska Banka za Razvitie EAD
    BDB EAD
    BDB JSC

History

    Mar 11, 1999 - Nasarchitelna Banka AD is established in Sofia, the capital of Bulgaria. The bank receives a full bank licence, issued by the Bulgarian National Bank, on Feb 25, 1999.

    Apr 23, 2008 - The bank changes its name to Bulgarian Development Bank AD.

    Oct 4, 2018 - Bulgarian Development Bank AD establishes the local Capital Investments Fund AD.

    Mar 12, 2019 - The bank sets up its wholly-owned local subsidiary BDB Leasing EAD.

    Mar 13, 2019 - Bulgarian Development Bank AD establishes its local subsidiary BDB Factoring EAD.

    June 4, 2021 - Bulgarian Ministry of Economy becomes the bank`s sole owner. Bulgarian Development Bank AD changes its name to Bulgarian Development Bank EAD.

    May 2021 - The bank announces its plans to absorb its wholly owned subsidiary BDB Factoring EAD.
     

    Last updated on Julu 6, 2021.

Management

Board of Directors and Executives
Krum Georgiev Georgiev
Member of the Board
Tsanko Rumenov Arabadzhiev
Member of the Board
Vladimir Rashkov Georgiev
Member of the Board
Zhivko Ivanov Todorov
Member of the Board
Supervisory Board
Valentin Liubomirov Mihov
Member of the Board
Vasil Atanasov Shtonov
Member of the Board
Mitko Emilov Simeonov
Member of the Board
Stamen Stamenov Yanev
Chairman of the Board
Velina Ilieva Burska
Member of the Board

Contacts

Address
1, Diakon Ignatiy Str.
1000
Sofia, Bulgaria
Telephones

+359 2 9306 333
+359 700 11 227

Fax

+359 2 9306 321

Emails

office@bdbank.bg

Websites
www.bbr.bg

Ownership

Name Direct holding Indirect holding Owner type Country
Ministry of Economy 100.0 State Bulgaria

Subsidiaries and affiliates

Name Direct holding Indirect holding Country
National Guarantee Fund EAD 100.0 Bulgaria
Microfinancing Institution Jobs EAD 100.0 Bulgaria
BDB Factoring EAD 100.0 Bulgaria
BDB Leasing EAD 100.0 Bulgaria
Capital Investments Fund AD 84.62 Bulgaria

Products and services

Bulgarian Development Bank EAD provides financing to Bulgarian small and medium-sized enterprises, export-oriented companies and public projects of national significance:

  • pre and post-export financing;
  • agriculture financing;
  • on-lending financing;
  • working capital funding;
  • investment loans;
  • project funding.

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