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Get to know Bulgarian Development Bank AD

Bulgarian Development Bank (BDB) was established in 1999 as the Encouragement Bank and is 99.99% state-owned. Its primary mission is to foster economic growth by supporting small and medium-sized businesses, which are crucial to the Bulgarian economy. Unlike commercial banks, BDB does not compete with them for clients; instead, it provides financing through partner commercial banks (on-lending), direct financing for larger projects, issues guarantees, and supports export-oriented companies. The bank plays a key role in implementing government and European Union programs aimed at improving access to finance for SMEs and executing strategic public investment projects.

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Bulgarian Development Bank AD

Bulgaria

Founded in

1999 (27 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.