Bulgarian Development Bank (BDB) is a credit institution 100%-owned by the Bulgarian state. It was established in 1999 as the Encouragement Bank with main focus to support small and medium-sized enterprises.
BDB is a systemically important institution and is among the Bulgarian banks with the highest credit rating: BBB with a positive outlook by Fitch Ratings. The bank provides directly financing as well as on-lending through other financial institutions.
The BDB Group has four subsidiaries - the National Guarantee Fund, BDB Microfinancing, the Capital Investment Fund and BDB Leasing. It is a full-fledged banking group offering a wide range of financial products and services for SMEs to create a sustainable and complete market through project financing, working and investment loans for micro, small and medium-sized businesses, guarantees, operating leasing, share capital, equity, etc.