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.