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International Asset Bank signed agreement with the National Guarantee Fund

12 June 2009

     International Asset Bank and the National Guarantee Fund, part of the Bulgarian Development Bank signed an Agreement for a portfolio guarantee which will cover the risk from loans given to small and medium enterprises.

     As a result of the Agreement International Asset Band AD will support the development of Bulgarian SMEs at their start-up business stage and will ease their access to investment and working capital loans.

     The agreed scheme finances SMEs projects with maximum guaranteed amount of BGN 250 000 for 2 years for working capital loans and BGN 500 000 for 10 years for investment loans.

     For more information about the Bank products call 0800 12 422 (free of charge for BTC clients), visit our branches or go to our web site www.iabank.bg