Financed ProjectsMKB Union Bank SME I

Identification Code:

OP/02/0379

Total Operation Cost:

0

Maturity:

12 months

Operation Status:

Description and Purpose of the Operation:

The new SME Loan Facility will replace the existing Pre-Export Finance Facility, but will remain within the amount and tenor approved by the Board of Directors on 3 March 2001.

Countries of Operation:

Bulgaria (100,00 %)

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

MKB Unionbank is a privately owned commercial bank, licensed by the Bulgarian National Bank (BNB) in 1994.

Co-Financiers/Participants:

Guarantors/Sponsors:

Developmental and Regional Cooperation Impact:

The Project is expected to have a strong development impact since it will promote job creation and support private sector development. Bulgarian exports depended strongly on the companies in the processing sector, which are mainly SME's

Environmental Classification and Impact (summary):

Environmental Policy pursued by MKB Unionbank complied with requirements of major IFI's and domestic legal requirements. The Client was required to adhere to BSTDB and the host country subject standards and norms, as well as report on annual bases on EH&S performance of SME lending activities.

Operation Leader:

Financial Institutions I

E-mail:

fi1@bstdb.org