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News: Bulgaria>> Bulgarian Bank loan EUR 440 million from international institutions

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Current date: 2010-02-09 11:02

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Bulgarian Bank loan EUR 440 million from international institutions

Finances: Wednesday, 2008-07-23 13:52
Article by: Focus Agency

A total of EUR 440 million were loaned to Bulgarian banks from international institutions in 2008. According to Anthony Hassiotis, Eurobank EFG CEO, this is a sign of trust in Bulgaria.

The largest loan from international institution was granted to Eurobank EFG. It received a syndicated loan of EUR 150 million. Lenders are 15 banks, representing 7 countries. The loan itself and the increased attention demonstrates the trust not only in Eurobank EFG but in Bulgaria also, Hassiotis added.

Other banks with large credit lines in 2008 are Raiffeisenbank, SG Expressbank, UniCredit Bulbank and DSK Bank. In April the Central European Bank granted two credit lines for EUR 70 million to the Bulgarian subsidiaries of Raiffeisenbank (EUR 50 million) and SG Expressbank (EUR 20 million).

Scope: Bulgaria
More: news Eurobank; news Raiffeisenbank; news Expressbank;

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