BACB to finance EU projects
Bulgarian-American Credit Bank (BACB) intends to develop lending schemes for European Union programmes, co-operating with international financial institutions, supervisory board head Tsvetelina Borislavova was cited as saying by capital.bg.
Borislavova, who owns 56.37 per cent of BACB’s capital, made the announcement while presenting the new strategic directions in the development of the credit institution.
BACB plans to introduce products specifically tailored for individual EU operational programmes. In addition to funding, the bank aims to provide consulting services for the duration of the project.
The goal is to shift the focus away from real estate projects and use the bank’s loan portfolio mainly for financing green and EU projects, she said. BACB also intends to actively develop online banking services.
Text and photo: sofiaecho.com
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