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Bulgarian Development Bank to back operating lease to SMEs with 30 mln euro programme

Bulgarian Development Bank to back operating lease to SMEs with 30 mln euro programme tanatat/Shutterstock.com

SOFIA (Bulgaria), April 9 (SeeNews) - State-owned Bulgarian Development Bank (BDB) is launching a lending programme with an initial budget of 30 million euro to support the operating lease of assets to small and medium-sized enterprises (SMEs), BDB said on Tuesday.

Long-term credit lines will be provided to companies providing assets to Bulgarian-based SMEs under operating lease in order to ensure improved access to leasing services for the businesses of SMEs, BDB said in a statement.

On-lending partners are required to target resources to SMEs, offering them financial advantages and discounts in operating lease deals, the bank said.

The maximum financing available to each on-lending partner is set at 3 million euro, while the interest rate is set at three-month EURIBOR plus up to 4 percentage points per year.

The maximum term for repayment of the BDB loans is 10 years.

Leasing companies may apply for financing under the programme until April 30.

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