Bulgarian Development Bank
 |
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| Development Bank | |
| Industry | Financial services |
| Founded | 1999 |
| Headquarters | Sofia, Bulgaria |
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Key people
|
Assen Yagodin (CEO and Chairman of the Management Board), |
| Products | Development finance, Corporate banking, Investment banking, Asset management, Loans |
| Total assets | €825.26 mln (2015) |
| Total equity | €461.33 mln (2015) |
| Website | www.bbr.bg |
Assen Yagodin (CEO and Chairman of the Management Board),
Bulgarian Development Bank (Bulgarian: Българска банка за развитие, Bylgarska banka za razvitie) (BDB) is a leading Bulgarian development and commercial bank with headquarters in Sofia. It is one of the largest development institutions in Southeast Europe that provides financing and professional advising for the purposes of development. It is the largest Bulgarian financing facility provider to banks operating in the country, the sole national loan guarantee provider, and the only microfinance provider. Further to that, its direct lending commercial business division ranks as the 14th commercial bank in terms of assets in Bulgaria, with 850 million euro in assets as of June 2011.
BDB is majority owned by the Republic of Bulgaria, and has a public-interest mandate to finance projects of regional and national importance, to encourage the growth of export oriented companies, to assist small and medium enterprises compete internationally, and to promote sustainable development. The bank's activities are financed with credit lines from multilateral development banks,investment funds, and sovereign wealth funds.
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