4 banks with interest in guarantees for the Fund of Funds


Applications to participate in the procurement procedure with the subject “Portfolio Guarantee with loss ceiling” were opened at a public meeting held today at the Fund’s building, the fund announced. The instrument is funded by Operational Program “Innovation and Competitiveness” 2014-2020, co-financed by the European Structural and Investment Funds.

The funds under the guarantee product will be directed to Bulgarian enterprises from almost all sectors of the economy, with emphasis on two strategic directions for the country – energy efficiency and innovation. About 60 percent of the resource will be earmarked for energy efficiency credits, and just over 40 percent for innovation.

In the first area, it is envisaged to support enterprises that will carry out important energy efficiency projects identified for them with energy audit. The first 161 micro, small and medium-sized enterprises applying for the project will receive an audit grant. Loans granted in this area could reach and exceed BGN 400 million.

The rest of the resource will guarantee projects related to the development and introduction of business innovation. These projects may be for the realization of ideas in the fields of information and communication technologies, in bio-, nano- and clean technologies, mechatronics, creative industries, etc. Funding for this line could exceed BGN 300 million.

The participants who submitted applications within the set deadline are as follows: DSK Bank EAD – for all lots; United Bulgarian Bank AD – for all lots; “First Investment Bank” AD – for all lots ;. Eurobank Bulgaria AD – for positions 1, 2, 3, 4, 5, 6, 8, 9.


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