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
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