“BDB is the best-capitalized bank in Bulgaria and we have major ambitions for its development,” said the bank’s Executive Director Tsanko Arabadzhiev on the 120 Minutes program on bTV.
He indicated that the Bulgarian Development Bank is in good and safe hands. After the new management arrived almost a year ago, the bank has increased its efficiency and its direct lending is growing, with an emphasis on small and medium-sized businesses.
“BDB has an open-doors policy now. In recent months, our teams organized dozens of meetings with business owners in various places around the country. We met almost all of the business organizations. Everyone is welcome,” said Arabadzhiev.
From the beginning of this year alone, the bank has started five new programs to help small and medium businesses. These programs are in support of many sectors that are experiencing difficulties and they are attracting a lot of interest because they save the existence of companies at times of difficulty.
“Our goal is to simplify and facilitate the financing process as much as possible and to reach successfully the people who need us,” added the BDB’s Executive Director.
He presented the bank’s anti-crisis program for overcoming inflation through provision of operating funds with easier requirements and support of the tourism sector by financing the upcoming season for hotel and restaurant owners with an 18-month grace period.
There is also substantial interest in the Energy Assistance program with which the BDB helps companies defer their electricity costs in 4 subsequent months of choice within 2022 in view of the electricity price spike. Companies can apply for funding of future payments and unpaid invoices.
“We are actively working on it and we are achieving improvements in almost all key parameters, which can be clearly seen in our quarterly report from the beginning of the year. We are moving towards much better financial resilience,” summarized Tsanko Arabadzhiev.
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