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For companies with annual turnover up to 2 mln BGN

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For companies with annual turnover above 1 mln BGN

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For agri producters

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For freelancers with annual turnover below 1 mln BGN

Number of employees:

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0700 1 17 17

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*7171

Short number for mobile users

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+3592 483 1717

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*6777

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Fees and terms

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Exchange rates

Exchange rates

as of 11/12/2024 17:00:13

Cash payment
Non-cash payment
Selling rate
1.96100
1.96000
Buying rate
1.94800
1.94900
BNB fixing
1.95583
Cash payment
Non-cash payment
Selling rate
1.90300
1.90000
Buying rate
1.81900
1.82100
BNB fixing
1.86145
Cash payment
Non-cash payment
Selling rate
2.43900
2.43400
Buying rate
2.31400
2.31800
BNB fixing
2.37191
Cash payment
Non-cash payment
Selling rate
2.15000
2.14800
Buying rate
2.05600
2.05800
BNB fixing
2.10758
БГ

RRF - Sustainability Guarantee Programme

Loans under alleviated collateral conditions, thanks to the guarantee, provided by the European Investment Fund /EIF/ under the InvestEU guarantee instrument and funded by the European Union under the NextGenerationEU plan, with the support of the Republic of Bulgaria by means of its contribution as per the Member States Section of the InvestEU Regulation.

Advantages

  • Free-of-charge RRF guarantee for borrowers
  • Alleviated collateral requirements
  • Long-term experience of UBB in the work under European programmes

Parameters

Borrowers

Small and medium-sized enterprises, as per the SME Act or small medium-capitalization companies (with staff number up to 499 employees, which do not fall into the SME definition)

Purpose
  • Working capital loans – overdrafts, revolving credit lines, working capital loans in installments, VAT credit lines
  • Investment loans
  • Bank Guarantees
Maximum loan amount Up to EUR 7 500 000 or its equivalence in Bulgarian leva
Maximum customer exposure amount The Guarantee programme permits a customer exposure to reach EUR 15 000 000 (or its equivalence in Bulgarian leva), as UBB will consult you on the terms and conditions for reaching that amount.
Currency BGN / EUR
RRF Sustainability Guarantee Coverage 80% of the loan amount 
Guarantee fee No fee
Repayment term

Minimum - 12 months

Maximum:

  • For investment loans – standard period of up to 120 months, depending on the project type the repayment period may reach 144 months
  • For working capital loans - overdrafts, revolving credit lines, bank guarantees - up to 48 months
  • For working capital loans in installments - up to 36 months
Eligibility for lending

Tentative list of project types, eligible for funding:

  • Investments in projects for production of renewable energy, including photo voltaic installations
  • Purchase of auxiliary components for renewable energy sources
  • Manufacturing of products through renewable energy sources: Key components and machines
  • Construction of a system for storage of electric energy
  • Construction of energy efficient new non-residential buildings
  • Manufacture of energy efficient products
  • Investments for enhancing the energy efficiency in the agriculture
  • Investments for enhancing the energy efficiency in the manufacturing industries
  • Purchasing of passenger cars and light-freight vehicles
  • Purchasing of heavy-duty freight vehicles
  • Investments in infrastructure and main components for electric vehicles
  • Investments in projects that contribute for the transition to circular economy
  • Net savings of resources through re-use, repair, renovation, processing, re-routing or re-cycling
  • Sustainable agriculture and livestock breeding
     

The list shows only part of the sustainable projects, eligible for funding under the programme. We at UBB will review your investment and will ascertain its compliance with the programme requirements.

Collateral-related requirements Not more than 42.5% of the loan amount as per a collateral value, accepted by UBB (excl. the RRF guarantee)

Needed Documents

  • Decision by the company’s competent body for obtaining a loan and providing collateral for it
  • Balance Sheet, Income Statement and a Tax Return for the last year
  • Collateral ownership documents
  • Copies of the ID cards of the company’s representative - borrower/co-debtor/pledgors/mortgagors
  • Certificate for availability /lack of arrears, issued by the revenue authority as per Art 87, Para 6 of the Tax Insurance Procedure Code
  • Declaration Statement of relatedness with other entities according to a sample format
  • Documents, needed to prove the Borrower’s eligibility

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