Investment Plan for Europe: Over 2 600 small businesses in Bulgaria to benefit from double transaction between EIF and Raiffeisen
The European Investment Fund (EIF) and Raiffeisenbank (Bulgaria), as well as Raiffeisen Leasing Bulgaria, have signed two agreements in Bulgaria under the European Commission’s COSME programme, benefiting from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe.
EBRD and Bulgaria’s Raiffeisen Leasing expand access to finance for SMEs
€50 million loan to boost local leasing market
Private business in Bulgaria will benefit from improved access to finance
The European Bank for Reconstruction and Development (EBRD) is extending a €50 million loan to Raiffeisen Leasing Bulgaria OOD, the country’s third largest leasing company, to widen local small and medium-sized enterprises’ (SMEs) access to finance.
Raiffeisen Leasing will use the loan to finance new leases for SMEs in particular for equipment, trucks and trailers, light commercial vehicles and passenger car fleets.
The loan follows two previous EBRD financing facilities with a total amount of €40 million successfully on-lent by Raiffeisen Leasing Bulgaria.
The wider use of non-bank financing sources, such as leasing, by smaller businesses in Bulgaria will support the sustainability of the companies' funding structures.
Larisa Manastirli, EBRD Director for Bulgaria, said: “With the leasing sector recovering from the financial crisis and demand for lease financing beginning to revive ...
New address in Veliko Tarnovo
The office of Raiffeisen Leasing Bulgaria OOD in Veliko Tarnovo has moved to a new address: 2A Han Asparuh Str. The new phone numbers are 062/610522 and 062/610523.