National Guarantee Fund EAD
1 Dyakon Ignatiy Str., Sofia, 1000
Bulgaria
+359 (2) 9306 317
+359 (2) 9306 240
info-ngf@bdbank.bg
http://www.ngf.bg
Bulgarian Development Bank (BDB) is a financial institution 99.9%-owned by the Bulgarian state. It is the successor of Encouragement Bank established in 1999. Its focus is to support small and medium-sized enterprises. BDB is among the top four Bulgarian banks in terms of credit rating, rated BBB- by Fitch Ratings, the global credit rating agency. It is the only Bulgarian bank to provide financing via other credit institutions as well as direct financing. 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.
| Are you/your members financial intermediary for EU-programmes? CIP/COSME or Structural funds or Progress or RSI/RSFF Horizon 2020 | CIP/COSME and Structural Funds, EAFRD, EMFF |
| Types of guarantee products provided by your organisation/your members | Loan default guarantees, Working capital loan guarantees, Bridge financing loan guarantees, Leasing guarantees |
| Do you benefit from a counter-guarantee at local, regional or national level? Local level or Regional level or National level | No |
| Type of scheme guarantee or counter-guarantee | Guarantee |
| Is the activity subject to state aid regulation? | No |
| Do you (your members) benefit of a public counter-guarantee that allows deponderation (capital relief)? | No |
| Type of organization National Promotional Bank (NPB), National Promotional Institution (NPI), Private, Mutual, Mixed | NPB |
| Do your guarantees provide deponderation (capital relief) for member banks subject to capital requirements (Basel agreement)? | No |
| Do you (your members) dispose of an internal rating/scoring system? | Yes |
| Do you (your members) use..? De minimis or GBER or Regional guidelines or Notification | No |
| Legal form of single guarantee entity or association: i.e. fund, development bank, development agency, cooperative or mutual societies, bank, foundation, association, limited company, etc. | Limited company |
| Shareholder structure Private / Public (in %) | 100% public |
| Ownership i.e. fully mutual, funded by SMEs, banking associations, fully public, fully private, private-public, mixed models | Private-public mixed models |
| Product typology guarantee or counter-guarantee or co-guarantee | Guarantee |
| Structure / Network i.e. central scheme with regional offices, central scheme only, association network | Central scheme only |
| Geographic coverage i.e. local, regional, national | National |
| Profit / Non-profit oriented dividends to public shareholders are not considered as profit orientation | Non profit oriented |
| Supervision statute i.e. mono-product banking licenses, financial intermediary statute, non-supervised. For associations, please state statute of members | Financial intermediary statute |
| Size of businesses supported i.e. large companies, SMEs, micro-enterprises, independent/self-employed | SMEs, Micro-enterprises |
| Sectorial focus i.e. agriculture, industry, crafts, retail, liberal professions, cooperatives, etc. | Agriculture, Industry |
| Year of creation individual entities or association | 2008 |
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