Investment banking

The European Bank for Reconstruction and Development  (EBRD) will provide 50 million euros through Garanti Bank to Turkish companies led by women which have limited access to credit, the bank said on Dec. 28.

The financing comes under the Finance and Advice for Women program, co-funded by the European Union, EBRD, and Republic of Turkey.        

The Bulgarian Development Bank (BDB) has signed a new agreement for the issuing of a counter-guarantee with the European Investment Fund (EIF) under the COSME programme in support of small and medium-size enterprises in Bulgaria.

The Council of Ministers has proposed that Parliament ratify a guarantee for the EUR 100 M withdrawn by the Bulgarian Development Bank (BDB) from Germany's KfW, reported the government's press centre.

Turkey's leading investment banking services and asset management group, ÜNLÜ & Co, has announced it has set its sights on becoming the leading investment bank in the region. As a step toward this goal, which requires an on-the-ground presence in the finance capitals of the world, ÜNLÜ & Co has obtained a license for brokerage activities and opened an office in New York, the bank said i

Around BGN 220 000 in different currencies were stolen in a bank robbery in the Bulgarian city of Ruse over the weekend.

The robbers stole the money after breaching a wall of the subterranean car park located under one of the branches of Postbank in the city. Through the opening they stole the money placed on a shelf in the bank vault.

The investment banking arm of Qatar's Barwa Bank is looking for investments in Turkey, in sectors ranging from real estate to food, and could spend more than $150 million per deal, its acting chief executive said on March 1.

State-owned Bulgarian Development Bank (BDB) and the Industrial and Commercial Bank of China (ICBC) have signed a memorandum of understanding that aims to encourage future cooperation in cross-border funding, bilateral loans, investments and trade, the BDB said on Wednesday.

Germany's KfW Development Bank has signed a letter of intent with state-owned Bulgarian Development Bank (BDB) to lend EUR 100 M to finance Bulgaria's programme for boosting the energy efficiency of multi-family residential buildings.

Postbank will provide support to micro, small, and medium-sized enterprises in Bulgaria through loans worth a total of BGN 30 M granted under preferential terms.

The funding has been provided under a partnership agreement under the new program of the Bulgarian Development Bank for indirect financing of Bulgarian businesses, according to the press office of the bank.

The Bulgarian Development Bank (BDB) will receive EUR 150 M from the Council of Europe Development Bank for energy-related renovation of residential buildings.

This is the first step towards securing low-interest loans for which the state covers the guarantee.