Eurobank EFG Bulgaria Gets 7.3 Mln Euro Loan To Back SMEs

"The resource has been extended under a credit line that BDB has agreed with [German development bank] KfW for direct lending to SMEs and for credit lines to commercial banks for targeted business financing," Eurobank EFG Bulgaria said in a statement.

The maximum size of the loans that will be extended under the credit line is 3.0 million euro with a repayment period of nine years, the statement added.

Eurobank EFG Bulgaria ranked as the fifth largest lender by assets in the country at the end of September among 24 domestically-registered banks and the branches of six foreign lenders.

($ = 0.7593 euro)