Bulgarian American Credit Bank I
Bulgaria | Financial Institutions- Identification Code:
- OP/02/0365
- Total Operation Cost:
- — EUR
- Maturity:
- 60 months
- Operation Status:
-
BSTDB Approved Amount – Approval Date10.000.000 EUR – 04 Apr 2003
-
BSTDB Signed Amount – Signed Date10.000.000 EUR – 12 Sep 2003
-
Status:Completed
- Description and Purpose of the Operation:
- A Euro 10 million Medium-Term loan for Bulgarian enterprises was concluded with the Bulgarian American Credit Bank in September 2003. The Loan has been structured in three tranches of Eur, Tranche A of Eur 5,000,000 million, Tranche B and C of Euro 2,500,000 each. It will be used by Bulgarian American Credit Bank for extending financing to Bulgarian enterprises having a maturity of up to 5 years. The sub-loans to Bulgarian Enterprises will finance there: - Purchasing of land, building, property, machinery, equipment and other capital goods for establishment, modernization and expansion of production facilities; - Working capital financing; - Acquisition of cars, vans, trucks or equipment for the conduct of business or trade.
- Countries of Operation:
- Bulgaria (100,00%)
- Financial Product:
- Loans
- Sector:
- Financial Institutions
- Domain:
- Private
- Borrower/Client:
- Bulgarian American Credit Bank
- Co-Financers/Participants:
- —
- Guarantors/Sponsors:
- —
- Developmental and Regional Cooperation Impact:
- Reaching a high-level of development impact through lending to Micro, Small and Medium Sized Enterprises. The Project will also play an important role to support banking system in Bulgaria by supporting a successfully growing commercial bank.
- Environmental Classification and Impact:
- The Project will not have negative environmental impact and is in compliance with the Bank's Environmental Policy.
- Operation Leader:
- General Industries, Transport, Tourism 2
- E-mail:
- gitt2@bstdb.org
As of 28 Feb 2026
