Bulgarian Development Bank (BDB)

Summary

Bulgarian Development Bank (BDB) is a credit institution 100%-owned by the Bulgarian state. It was established in 1999 as the Encouragement Bank with main focus to support small and medium-sized enterprises.

BDB is a systemically important institution and is among the Bulgarian banks with the highest credit rating: BBB with a positive outlook by Fitch Ratings. The bank provides directly financing as well as on-lending through other financial institutions.

The BDB Group has four subsidiaries - the National Guarantee Fund, BDB Microfinancing, the Capital Investment Fund and BDB Leasing. It is a full-fledged banking group offering a wide range of financial products and services for SMEs to create a sustainable and complete market through project financing, working and investment loans for micro, small and medium-sized businesses, guarantees, operating leasing, share capital, equity, etc.

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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 is a major instrument of solidarity in Europe. It finances social projects, responds to emergency situations, and improves the living conditions of the most disadvantaged population groups.

The following are the main sectors in which the CEB implements social investment projects across Europe.

- sustainable and inclusive growth
- integration of refugees, displaced persons and migrants;
- climate action: developing adaptation and mitigation measures.

The CEB carries out its work within the framework of a formal strategic plan, which guides CEB activity in the medium term. The Governing Board of the CEB has just approved the Bank’s Strategic Framework for the period 2023-2027.

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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.

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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.

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