Eurobank EFG Bulgaria, part of Greece ’s Eurobank EFG Group, will provide a credit line in the tune of BGN 50mn (EUR 25.6mn) to small and medium size enterprises, the local lender informs. The programme is financed by EBRD as part of the long-term strategy for the country and the newly announced efforts for fighting the global financial crunch. Eurobank EFG completed the merger of its local subsidiaries DZI Bank and Post Bank into Eurobank EFG Bulgaria at the end of last year. Eurobank EFG Bulgaria was the fifth largest lender in terms of assets as of end-October with a market share of 8%.
Source: Intellinews - Bulgaria Today