Your Space: Revolutionizing Women's Fitness in Armenia with a New Brand Identity
Located primarily in Yerevan, Armenia, Your Space is a pioneering chain of fitness centers designed
moreSerie A Expands Eastern European Reach with New AMC Broadcasting Deal and Launches RFP in Poland
Lega Serie A, Italy's premier football league, has secured a strategic five-year broadcasting agre
more18 Gym Fitness & Beauty Expands to Agora Arad with New Facility, Marking 37th National Location
18 Gym Fitness & Beauty, one of Romania's top three largest gym networks and a dynamic player
moreEstonian Innovator Vok Bikes Raises €3.8M to Expand Eco-Friendly Cargo Bike Fleet Across Europe
Vok Bikes, an innovative Estonian company, recently secured €3.8 million to advance its electric c
moreGeis and Sport Vision Forge Strategic Transport Partnership to Boost Retail Distribution in Slovakia and Czech Republic
Geis Secures Role as Transport Partner for Sport Vision in Slovakia and Czech Republic, Enhancing Di
more
"Business
Partner search for the Sports industry in Central Europe"
You are here » Home Page
» CE Sports Business News
» New EBRD partnership for Societe Generale Expressbank
New EBRD partnership for Societe Generale Expressbank
2017-04-18 source ownThanks to a new agreement between the Societe Generale Expressbank (SGEB) and the European Bank for Reconstruction and Development (EBRD), Bulgarian companies will now have improved access to finance in order to boost the competition within certain markets. Currently, two-thirds of all lending from SGEB goes towards local companies and EBRD is no stranger to the company as they have provided support in the past. However, this deal is slightly different in that it is a ‘RSF’ risk participation agreement; the first for Bulgaria and the first for EU member state lenders.
In over 230 projects, the EBRD has invested significant sums of money in Bulgaria to date. Thought to be worth a little under €3.5 billion, 80% of this amount has gone towards the private sector. In 2016 alone, over €600 million was pumped into the Bulgarian economy by the EBRD. In the future, the EBRD has set a target of €200 million per year to keep up with local demand.