ProCredit Bank Bulgaria - Senior Loan



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

22 Jul 2008



PSD disclosed:

20 Jun 2008

Project Description

ProCredit Bank Bulgaria (PCBB) was established in December 2000, with the support of EBRD to provide financial services to micro and small enterprises (MSEs) in Bulgaria. Since the start of operations, PCBB disbursed 137,000 loans to Bulgarian MSEs for a total volume of EUR1.2 billion.

The proposed syndicated A/B transaction of up to EUR 80 million will include an A Loan of up to EUR 20 million, while the B-Loan will be financed by commercial lenders

Transition Impact

The new financing will further assist PCBB in accessing international loan markets thus contributing to diversification of the commercial funding base and providing even greater access to MSMEs. PCBB will continue to provide support to MSEs that would otherwise have limited access to formal sector finance. PCBB will also support the development of the financial sector by operating as a best practice institution committed to the principles of complete transparency and strong corporate governance and will have a positive demonstration effect on banks operating in Bulgaria.

The Client

PCBB was established in 2001 and is part of the international ProCredit Holding group, a network dedicated to developing microfinance banks globally.

The bank is headquartered in Sofia and is operating through its 75 branches across Bulgaria and is planning to grow its regional branch network further.

EBRD Finance

The EBRD will provide an EUR 20 million A Loan.

Project Cost

The total cost of the project is up to EUR 80 million, including EBRD’s portion of up to EUR 20 million.

Environmental Impact

PCBB carries out its operations in accordance with the EBRD’s Environmental Procedures for Small and Micro Loans. In implementing these procedures, it will require its borrowers to comply, at a minimum, with national/local health, safety, environmental and public consultation requirements.

Technical Cooperation

PCBB benefited in past from USD 2.9 million of technical assistance funding to support establishment of the bank, regional expansion, environmental training and development of specialist agricultural lending products. No further technical assistance funds are provided.

Company Contact

Petar Slavov
General Manager
ProCredit Bank Bulgaria

Tel: +359 2 92171 02
Fax: +359 2 921 71 10


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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