Ljubljana stock indices close in red
Croatia’s share indices snap four-day winning streak
Foreign tourist arrivals to Bosnia up 27% y/y in Oct
Foreign cruise ship journeys to Croatia increase y/y in Jan-Oct
Bulgarian share indices keep ascending, Eurohold paces gainers
Nov 16, 2009 13:24 EEST
November 16 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) is considering providing a senior loan of 20 million euro ($29.9 million) to the Bulgarian banking unit of German-based Allianz Group for onlending to small and medium-sized enterprises (SMEs), the EBRD said.
The proceeds of the loan will be used to provide short, medium and long-term financing to Bulgarian SME companies, the EBRD said in a statement late on Friday.
The EBRD's loan facility also aims to improve Allianz Bank Bulgaria's reach of SME funding, especially given limited availability for medium and long-term financing under the current financial crisis.
Allianz Bank Bulgaria (http://bank.allianz.bg), 66%-owned by Allianz Group, was the 12th largest Bulgarian bank in terms of assets as of September. It had 110 branches countrywide.
($ = 0.6681 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