• According to a market survey of the Bank, 2/3 of the companies withdraw loans of up to BGN 50 thousand

UniCredit Bulbank will offer to small companies until end November loans with preferential interests and respond within 2 days. The better conditions at which business will be able to receive financing are within a four-month promotional period.

Thus by the end of November the micro and small companies will be able to use loans for their working capital and investment needs, at rates of 7-11% per year for EUR loans and between 8 – 12% for BGN loans.

In addition, the bank undertakes for every customer to receive in advance, and in some cases also a final opinion on its loan application not later than 2 business days after submission of all documents.

“We know from experience that what small companies appreciate most is a clear and accurate answer when applying for a loan – YES or NO. We pledge to do that – to be fast, clear and correct”, said Lubomir Punchev, Head of Retail Banking and MB member of UniCredit Bulbank.

A market survey conducted by the Bnak shows that over the last year (measured from April 2009 until April 2010 incl.) the credit habits of small companies changed in favour of smaller loans. During the above period the percentage of the companies which chose to withdraw a loan of up to BGN 10 thousand increased with 10 points – from 21.8% to 32.1% of all companies seeking loans. An increase was also registered in the percentage of the businesses which chose bank financing between BGN 10 and 50 thousand. This means that a total of 2/3 of all small companies choose to withdraw a loan of up to BGN 50 thousand.