Bulgarian Development Bank

Bulgarian Development Bank AD (formerly Encouragement Bank AD) provides project finance for export oriented small and medium enterprises in Bulgaria.

BDB is a financial institution 99.9%-owned by the Bulgarian state. BDB is the best-positioned local bank to raise funds from international partners. Its subsidiary, the National Guarantee Fund, issues guarantees for bank loans to the non-financial sector.

HQ: Sofia, Bulgaria
Founded: 1999
ID: 1936. Updated: 07.01.2023

  • Head office: 10, Stefan Karadja Str., 1000 Sofia
  • Phone: (+359 2) 9 306 333
  • Fax: (+359 2) 9 306 321
  • Key people: Stoyan Mavrodiev (CEO)
  • Company type: n/a

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