Financed ProjectsMKB Union Bank SME II

Identification Code:

OP/04/0428

Total Operation Cost:

0

Maturity:

48 months

Operation Status:

Description and Purpose of the Operation:

Medium Term Facility For The Purpose Of Financing Sub-Loans Extended By The Borrower To Sme's In Bulgaria.

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 SME Term Loan Facility for MKB Unionbank had a significant development impact: 1. Institutional development of MKB Unionbank, resulting in further business growth, improved liquidity and client service. 2. Medium-term funding of Bulgarian SME's. 3. Job creation, income generation, improved company infrastructure

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