The Micro Financing Institution Jobs EAD, part of Bulgarian Development Bank Group, lаunched a new lending product to support small and micro-business, namely a bridge subsidy financing of up to BGN 300,000. This long-term financing pre-financed the approved investment costs in line with the contract with the State Fund Agriculture. It is mandatory that the applicant has signed a contract for grant approval with the Fund, and it shall have at least 12 months business history. This new opportunity is targeting all eligible agricultural producers – individuals and legal entities, sole proprietors and cooperatives - that are cultivating own or leased agricultural land
The European Association of Public Banks (EAPB) held its Annual Reception and CEO Conference in Brussels on the 28th and 29th of November 2018. Mr. Philippe Mills, EAPB President and CEO of SFIL opened the Annual Reception highlighting the role of public banks and municipality funding agencies as gate openers in the area of sustainable finance. Mr. Masamichi Kono, Deputy Secretary General, OECD delivered the keynote speech on Sustainable Finance for Europe: Challenges and Opportunities.
On October 10, EAPB held a workshop on the role of ‘public banks in implementing financial instruments in EU Cohesion Policy within MFF’ as part of the European Week of Regions and Cities. The workshop highlighted the importance of financial instruments in cohesion policy - a set of tools allowing to increase significantly the concrete impact of EU funds. They are highly flexible - meaning they can be used for any type of funds (ERDF, EARDF, ERDF) and can help to reach a wide variety of objectives (from energy efficiency to competitiveness).
The European Association of Public Banks (EAPB) held its CEO Conference and General Assembly in Zagreb on the 4th and 5th of June 2018. Mr. Philippe Mills, CEO of SFIL and EAPB President and Ms. Tamara Perko, CEO of HBOR opened the CEO conference. Ahead of the Croatian presidency of the Council of the EU in 2020, the Croatian Minister of Finance Mr. Zdravko Maric delivered a speech to the participants of the conference on the priorities of Croatia with regard to the new EU budget.
The European Association of Public Banks, together with four other European banking associations (EBF, EACB, EMF-ECBC and ESBG), presented today a set of high-level principles regarding the communication between SMEs and banks around loan applications. The principles, developed in discussions with European SME organisations, aim at promoting high quality feedback on credit applications, enabling SME clients to better understand the reasons behind the bank’s decision.
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