According to the EBRD, the project consists of the provision of a EUR 60 million senior preferred unsecured loan to ProCredit Bank (Bulgaria) EAD. The loan will have two equal tranches of EUR 30 million each.
The proposed Project aims to support the resilience of PCBB, a recognised SME-dedicated bank in Bulgaria, in a challenging market environment and to finance businesses in Bulgaria directly or indirectly affected by economic consequences of the war on Ukraine, with the ultimate goal of preserving livelihoods in the country.
As stated by the EBRD, PCBB was established in 2001 and is part of the international ProCredit Holding group, a network of SME banks. With total assets of EUR 1.8 billion as at end-June 2022, the bank ranks 10th among 25 banks operating in the Bulgarian market. PCBB is rated by BBB-/Stable by Fitch (July 2022).
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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Financial Intermediary - ProCredit Bank (Bulgaria) EAD:
ACCESS TO INFORMATION
You can request information by emailing: firstname.lastname@example.org or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: email@example.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html