Bulgarian Development Bank AD

Bulgarian Development Bank AD Bulgarian Development Bank AD (formerly Encouragement Bank AD) provides project finance for export oriented small and medium enterprises in Bulgaria. BDB is a financial institution 99.9%-owned by the Bulgarian state. BDB is the best-positioned local bank to raise funds from international partners. Its subsidiary, the National Guarantee Fund, issues guarantees for bank loans to the non-financial sector. Total assets: BGN 1783 million (as of December 31, 2013).
HeadquarterSofia, Bulgaria
Key PeopleDimo Spassov (Chairman of the Management Board and CEO)
Head Office10, Stefan Karadja Str., 1000 Sofia
Phone(+359 2) 9 306 333
Official Site
ID:  2113062 Updated: 29.04.2020
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