Bulgarian Development Bank

Bulgarian Development Bank, Bulgaria


General information

The Bulgarian Development Bank (BDB) was established as an economic growth contributing institution after the adoption of a special law by the Parliament of the Republic of Bulgaria in April 2008.

Bulgarian Development Bank seeks to be a modern banking institution, which makes full use of its unique position in the local banking market to implement the state policy in the Bulgarian economy as the main focus of the bank are medium-term and long-term financing and risk sharing through guarantee schemes for SMEs, project financing for export-oriented companies, as well as investment banking and public projects of national importance and Anti-COVID-19 programmes.

BDB is unique on the local bank market operating as Bulgaria's specialised vehicle for SME financing. The Bank rather complements the financial market providing SME financing in niches that are not so developed and too risky for the commercial banks.


The main activities of the Bulgarian Development Bank are as follows:

  • Direct lending
  • On-lending
  • Provision of guarantees
  • Provision of micro-financing
  • Leasing
  • Factoring
  • Equity financing

Main objectives

BDB Main objectives

Improvement, stimulation and development of the overall economic, export and technological potential of the SMEs by facilitating access to finance;

Implementation of schemes and instruments for financing public investments and development projects which are of significance to the national economy;

Acquisition and management of mid-term and long-term local and foreign resources necessary for realisation of the country's economic policy. 

For the performance of its tasks and objectives, BDB has established a bank group of its own, which comprises of:

  • Bulgarian Development Bank
  • National Guarantee Fund
  • JOBS Micro Financing Institution
  • Capital Investments Fund
  • BDB Leasing (est.2019)
  • BDB Factoring (est.2019)


Ms. Zaharina Todorova – Head of International Financial Institutions and EU Funds

1, Dyakon Ignatiy Street
1000 Sofia, Bulgaria
Tel: +359 2 9306 331