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Postbank grants 25 million euro from EBRD for the small and medium business

Submitted on Tuesday, 10 February 2009No Comment

Representatives of Postbank announced that the bank begins their offers for the small and medium business with credit products of the credit line from the European Bank for Reconstruction and Development (EBRD) worth 25 million euro.

The funds will be given as loans for investment needs and business actives. Financing – in the form of credits with a moderate term and maximum amount of 125 thousand euro – will be given mostly to investment projects for small and average facilities with a minimum of two years market experience. EBRD also requires that the clients are new to the bank.

“With our products from the EBRD credit line we aim to facilitate and help the small business with good crediting conditions – in contrast with the worse macroeconomical situation worldwide”, said Angel Mateev, head of the “Small business banking” department.

Current clients of Postbank can also be financed from this credit line, provided that they haven’t used credits from the bank in the last two years.

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