BDB in 50 mln euro loan deal with China's Exim Bank

BDB will use the five-year credit line to finance Bulgarian companies and their operations, the lender said in a press release.

The initiative marks the second financial agreement between BDB and the Chinese lender, following one concluded in 2017. The partnership between the two banks, initiated in 2014 through a framework agreement, facilitates joint financing of key projects or areas, BDB said.

China's Exim Bank, founded in 1994, is a state-owned financial institution focused on supporting China's imports and exports, helping local companies with overseas projects and fostering international economic cooperation and trade.

($ = 0.9245 euro)