SG Expressbank Partnership for Growth



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

29 Jan 2013



PSD disclosed:

13 Nov 2012

Translated version of this PSD: Bulgarian

Project Description

The EBRD is considering providing a €75 million loan to Société Générale Expressbank in Bulgaria under a Partnership for Growth facility. The loan will be extended in three tranches to support the bank’s strategy over the following three calendar years for robust growth and increased lending focused on the small and medium-sized enterprises (“SMEs”) segment.

Transition Impact

By supporting a strong and dedicated player on the Bulgarian banking market, the Project is expected to lead to increased volume of new lending activities, especially lending to SMEs which continue to face funding constraints in the current difficult economic environment. The loan will also contribute to SG Expressbank’s strategy of diversifying its funding structure.

The Client

Societe Generale Expressbank is the eighth largest bank in Bulgaria, with total assets of EUR 1.8 billion as at the end of September 2012, and is 99.7% owned by Société Générale S.A. Paris.

EBRD Finance

Senior loan in the amount of €75 million.

Project Cost

€75 million.

Environmental Impact

Categorised FI: Société Générale Expressbank will be required to comply with EBRD’s Environmental Performance (“PR”) 9 when making local loans, conduct its business in accordance with PR 2, adhere to the EBRD's Environmental and Social Exclusion and Referral Lists, and submit Annual Environmental and Social Reports to the Bank.. The sub-borrowers will be required to comply with applicable national environmental, health and safety and labour requirements.

Technical Cooperation



Business opportunities

For business opportunities or procurement, contact the client company.

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Tel: +44 20 7338 7168

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Text of the PIP

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