Raiffeisenbank Bulgaria Provided with Loan by EBRD

Businessn.a. ♦ Published: November 18, 2013; 13:42 ♦ (Vindobona)

The European Bank for Restructuring and Development will provide Raiffeisenbank Bulgaria EAD with a new loan totaling € 15m.

Raiffeisenbank Bulgaria Provided with Loan by EBRD / Picture: © Vindobona.org

The new loan is aimed at boosting the bank’s endeavors in energy efficiency as it was provided under the Bulgarian Energy Efficiency for Competitive Industry Finance Facility (BEECIFF). The funding will increase Raiffeisenbank’s loan portfolio to offer finance in regard to energy efficiency for small and medium sized enterprises (SME) in Bulgaria, which sees a growing demand. The…