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Bulgarian Development Bank AD (Bulgaria)

Main Activities: Commercial Banking
Full name: Bulgarian Development Bank AD Profile Updated: September 12, 2019
Buy our report for this company USD 29.95 Most recent financial data: 2018 Available in: English & Bulgarian Download a sample report

Bulgarian Development Bank, former Encouragement Bank, was incorporated with a special purpose - to support the implementation of the economic policies of the state by financing the business development of SMEs by maintaining their investment and export abilities and initiatives. The bank`s main activities include - pre-export and export financing of SMEs, financing SMEs operations and projects through local intermediary banks or directly, guarantees issuance to SMEs to serve to local and foreign banks, refinancing banks that grant loans to SMEs, financing SMEs investments abroad. The decision to set up Encouragement Bank was taken by Bulgarian authorities in October 1998. It was initially designed to boost lending to the private sector and overcome local banks' reluctance to lend to medium-and small businesses due to tough lending restrictions, imposed under an IMF-backed currency board system.
In January 1999, Bulgaria's finance ministry set up a new state-owned Encouragement Bank with the participation of the State Savings Bank. The participation of the state in the bank's capital was BGN 10 billion and the participation of the Savings Bank was BGN 500,000. In mid-2008 the bank was renamed into Bulgarian Development Bank (BDB).

Headquarters
1 Dyakon Ignatiy Str.
Sofia; Sofia - city; Postal Code: 1000

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Website: http://www.bbr.bg/

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
March 11, 1999
Key Executives
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Chief Executive Director and Member of the Management Board
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Executive Director and Member of the Management Board
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Executive Director and Member of the Management Board
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Member of the Supervisory Board
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Member of the Supervisory Board
Ownership Details
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99.9999%
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0.0001%
Subsidiaries
Jobs Micro Financing Institution EAD
100%
Natsionalen Garantsionen Fond EAD
100%
Company Performance
Financial values in the chart are available after Bulgarian Development Bank AD report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BGN. Absolute financial data is included in the purchased report.
Net interest income
19.02%
Net fee and commission income
-19.53%
Operating profit (EBIT)
27.58%
Net Profit (Loss) for the Period
20.18%
Total assets
12.91%
Total equity
5.21%
Total Assets Trend
-0.22%
Net Interest Income Trend
N/A
Cost to Income Ratio
-6.08%

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