Banja Luka bourse admits to trading 20.3 mln euro worth of T-bills
Auchan Romania opens new supermarket in Timis county
Bosnia's Serb Republic retail sales up real 3.6% y/y in Oct
Bulgaria's Sirma Group sharply cuts 9-mo cons net loss
BELEX15 sheds 0.24%, NIS loses most
Nov 02, 2017 16:14 EEST
SOFIA (Bulgaria), November 2 (SeeNews) – The Black Sea Trade and Development Bank (BSTDB) said on Thursday it is providing a 20 million euro ($23.3 million) revolving short-term loan facility to ProCredit Bank Bulgaria to improve access to financing of local small and medium-sized enterprises (SMEs).
“We are happy to continue our mutually beneficial cooperation with ProCredit Bank in Bulgaria and to provide the country’s businesses with much needed additional access to affordable financing,” Igor Leshukov, vice president banking of BSTDB, said in a statement.
The loan facility will have a development impact to address working financing needs of Bulgarian SMEs, promoting their income generation and increased trade turnover, the statement reads.
BSTDB first started its cooperation with ProCredit Bank Bulgaria in 2003 and has since then extended several micro and SME loan facilities, totalling 49 million euro.
($ = 0.8586 euro)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options