Almost a year earlier the funds from the first tranche of the initiative were absorbed and negotiated;

The European Investment Fund programme gives the business a possibility for financing under eased requirements and with preferential fees and commissions.

UniCredit Bulbank provides loans under Jeremie at half interest rates. This is possible due to the new stage of the initiative starting, after a signed agreement with the European Investment Fund in the amount of 50 million euro.

Besides the 50% lower interest rates in comparison with the standard interest rates, the new loans under Jeremie boast eased collateral requirements. The amount of the collaterals shall be no greater than 65% of the loan amount. Companies can avail themselves of preferential fees and commissions as well.

“UniCredit Bulbank has already exhausted the funds from the first tranche, as over 84% of the financing has already been utilized by the companies, and for the other part deals have been agreed”, said Daniel Enchev, EU Funds Manager at UniCredit Bulbank. He also explained that the deadline for the first tranche’ absorption under Jeremie was February 2014, which confirms the great interest in the initiative on the part of the companies.

UniCredit Bulbank records the greatest interest in the EIF initiative to date on the part of the industrial enterprises operating in the field of metal ware manufacturing and furniture manufacturing, as well as commerce.

The loans under Jeremie initiative may be used to finance investment projects and working capital for small and medium enterprises. The maximum amount of the financing totals 2 million euro and the repayment term is up to 10 years. The loans are provided in Bulgarian lev or euro and the grace period is individually agreed with each client.

“In the conditions of a severe economic situation the Jeremie programme gives a possibility to the small and medium business to develop, implement innovations and raise its competitiveness”, Daniel Enchev added.

The companies eligible to apply for loans under Jeremie shall meet several requirements – employing no more than 249 employees and having an annual turnover of up to 97.5 million Bulgarian lev to name but a few.

However, companies operating in the following sectors will not be able to avail themselves of the funds under the programme – production and processing of agricultural produce, fishery and aquaculture, purchasing real estate properties with the aim of their resale or renting out, purchasing vehicles from transport enterprises, house building, coal mining, production and trade in distilled spirits and/or tobacco, production and trade in arms and ammunition, and gambling. The programme cannot be usedfor refinancing or restructuring of existing loans.

More information for clients:

UniCredit Bulbank, Call Centre

Phone: 0700 1 84 84

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