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International Asset Bank signed a framework agreement for directed financing whithin the operative program

22 January 2008

     As a result of the small and medium business competitiveness development policy of International Asset Bank, a framework agreement between the minister of economy and energy – Petar Dimitrov and the executive directors of the bank – Elen Guerguiev and Alexey Tzvetanov was signed for directed financing of project eligible for the operative program “Bulgarian economy competitiveness development 2007-2013”.
     The aim of the agreement is improvement of the competitive position of enterprises within Bulgarian boundaries, which work under the conditions of the Common European Market. The agreement states that the bank will perform a financial assessment, issuance of credit certificates or bank references according to the program and financing of eligible projects, which will be in the form of directed investment credit.
     „International Asset Bank has successfully participated in the assessment of investment projects, which investors are its most enterprising clients, and issued credit certificates enabling companies to apply for the operative program “Competitiveness of Bulgarian Economy”, measure 2007BG161PO003/2.1.1-01/2007 “Technological modernization of the companies”.