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Bulgarian Development Bank (BDB)

About BDB

Bulgarian Development Bank (BDB) is a financial institution 99.9%-owned by the Bulgarian state. It is the successor of Encouragement Bank established in 1999. Its focus is to support small and medium-sized enterprises. BDB is among the top four Bulgarian banks in terms of credit rating, rated "BBB-" with positive perspective by Fitch Ratings. It is the only Bulgarian bank to provide financing via other credit institutions as well as direct financing. BDB is the best-positioned local bank to raise funds from international partners. Its subsidiary, the National Guarantee Fund, issues guarantees for bank loans to the non-financial sector.

Council of Europe Development Bank (CEB)

Mission

The Council of Europe Development Bank (CEB) is a multilateral development bank with an exclusively social mandate.

Through the provision of financing and technical expertise for projects with a high social impact in its member states, it actively promotes social cohesion and strengthens social integration in Europe.

The CEB represents a major instrument of the policy of solidarity in Europe. It participates in financing social projects, responds to emergency situations and contributes to improving the living conditions of the most disadvantaged population groups.

The CEB contributes to the implementation of socially oriented investment projects through three sectoral lines of action, namely:

  • Sustainable and inclusive growth
  • Integration of refugees, displaced persons and migrants;
  • Climate action: developing adaptation and mitigation measures.    

The CEB carries out its mission within the strategic framework of a formal "Development Plan" that describes the logic underpinning its action and sets forth guidelines for the activity in the medium term in relation to the operational context within which the Bank operates. The current Development Plan covers the period 2017-2019.

Fund Manager of Financial Instruments in Bulgaria (FMFIB)

The Fund of Funds (Fund Manager of Financial Instruments in Bulgaria) manages BGN 1.2 billion, or over EUR 660 million, under four operational programs: OP "Human Resources Development“, OP "Innovation and Competitiveness“, OP "Environment“ and OP "Regions in Growth“.

The Fund's main activity is the structuring and management of financial instruments co-financed by the European Structural and Investment Funds during the 2014-2020 programming period. Financial instruments are an alternative way of grant financing, which is gaining an increasingly important role in the European Union budget. Targeting projects that could potentially begin self-sustaining, they provide investment support through loans, guarantees or equity investments. In this way, business and public institutions are supported for economic development. Financial instruments allow for the return (recycling) of funds that can be reused.

The Fund of funds selects financial intermediaries - banks, funds, credit and other financial institutions. In turn, the elected financial managers mobilize additional private capital and significantly increase the public resource that they provide to the final recipients.

All funds provided under the aforementioned Operational Programs for Financial Instruments are united in a common Fund of funds, and the company managing it is FMFIB EAD.

Long-Term Infrastructure Investors Association (LTIIA)

About LTIIA

Founded in 2014 by investors and for investors, the Long-Term Infrastructure Investors Association works with a wide range of stakeholders, including infrastructure investors, policy-makers and academia, on supporting long-term, responsible deployment of private capital to public infrastructure around the world.

European Investment Bank (EIB)

The EIB is the European Union's bank. It is the only bank owned by and representing the interests of the European Union Member States. EIB works closely with other EU institutions to implement EU policy. It is also the world’s largest multilateral borrower and lender, providing finance and expertise for sustainable investment projects that contribute to EU policy objectives. Read more about EIB’s products and activities.

Contact

European Long-Term Investors a.i.s.b.l.
Rue Montoyer 51
B - 1000 Brussels
Belgium
secretariat@eltia.eu