The European Investment Bank (EIB) has provided a €75 million guarantee to Postbank, a subsidiary of Greece’s Eurobank Group, aimed at expanding financing options for mid-sized companies in Bulgaria. This initiative is set to unlock up to €150 million in new loans, supporting business growth, innovation, and economic stability in the country.
Enhancing Access to Affordable Financing
Under this risk-sharing agreement, the EIB guarantee will cover a portfolio of investment and working capital loans for Bulgarian companies with up to 3,000 employees. The facility will allow Postbank to offer preferential lending terms, including lower interest rates and reduced collateral requirements, making financing more accessible to businesses.
“Providing affordable finance to businesses is at the heart of our mandate,” said EIB Vice-President Kyriacos Kakouris. “This guarantee will help Bulgarian companies expand operations, invest in innovation, and strengthen competitiveness, contributing to job creation in an evolving global economic landscape.”
Strategic Support for Sustainable Growth
Postbank will have two years to deploy the guaranteed loan portfolio, with a maximum single financing amount of €30 million. The initiative is designed to foster sustainable investment, helping businesses pursue expansion, modernization, and new projects.
“This collaboration with the EIB is of strategic importance,” said Postbank CEO and Management Board Chair Petia Dimitrova. “It targets a business segment that is underserved by existing financing instruments, supporting competitiveness and driving innovation. With this step, Postbank reaffirms its commitment to being a trusted partner for businesses seeking stable and sustainable growth.”
EIB’s Commitment to Bulgarian Enterprises
Since launching operations in Bulgaria in 1992, the EIB Group, including the European Investment Fund (EIF), has supported more than 30,000 companies. In 2024 alone, EIB-backed financing directly or indirectly supported over 4,000 SMEs and mid-caps, safeguarding approximately 111,000 jobs.
The new agreement builds on a long-standing partnership between the EIB Group and Postbank, which has included multiple loan and risk-sharing agreements since 2009, totaling over €1.5 billion in financing.
