The investment loan for purchasing agricultural land can be withdrawn in BGN or EUR and has a term of repayment of up to 15 years.

UniCredit Bulbank is offering investment loans for purchasing agricultural land with a longer term for repayment. The special conditions at which the bank provides funding to the agricultural producers give additional security for a successful realization of the planned investments of small and medium-sized enterprises active in this sector.

The investment loan will give the opportunity to a lot of farmers to acquire the land they are using by virtue of a Rental Contract and in most cases this will not lead to an increase in their monthly costs.

"The new loan for purchasing agricultural land provides the opportunity for a quick initial evaluation of the customer and gives greater flexibility to the agricultural producers by virtue of an individual repayment schedule", Dimitar Penkov, Head of Business Clients Unit in UniCredit Bulbank said.

The longer repayment period provided by UniCredit Bulbank is up to 15 years. Customers may use it, if it is established that the income from the revenue cannot cover the repayment of the loan within the standard 10-year term. The bank finances up to 80% of the purchase price of the land and the purchased plots of land are accepted as collateral on the granted loans. The investment loan for purchasing agricultural land may be withdrawn in BGN or EUR.

More information for media:

UniCredit Bulbank, Identity & Communications Department

Viktoria Blajeva, Phone: + 359 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Ekaterina Ancheva, Phone: + 359 2 9264 963, flbufsjob/bodifwbAvojdsfejuhspvq/ch

Magdalena Ivanova, Phone: + 359 2 9232 528, nbhebmfob/jwbopwbAvojdsfejuhspvq/ch