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ProCredit Bank Bulgaria and the EIF sign a new guarantee agreement
27.02.2020Following the new agreement, ProCredit Bank will finance Bulgarian enterprises with documentary credit lines such as letters of credit, payment guarantees, advance payment guarantees, performance bonds and other types. The total credit portfolio of ProCredit Bank under this instrument is expected to reach EUR 25 million. ProCredit clients will have access to new credit products at more flexible and longer terms. The EIF guarantee will cover 50% of the credit risk in each transaction. ->
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