The balance-sheet total of Raiffeisenbank (Bulgaria) EAD reached BGN 2 112,6 mln. in the first quarter of 2005, reflecting an increase of 128,37 per cent over the first quarter of 2004.

RaiCARD is a revolving credit card in BGN available to all Bulgarian citizens aged between 18 and 63, who have a regular monthly income.

25 investment projects of small enterprises will be financed by the bank at preferential terms and conditions.

Raiffeisenbank (Bulgaria) EAD decreased interest rates on its product “Autocredit” for companies and individuals to 8.5% and 9%, depending on the duration of the credit period. The clients can now apply without paying any fee for examination the documents.

The service s unique for the Bulgarian market and is typical for the Raiffeisen Group.

The deal is a milestone for the EBRD, which, having secured financing in leva for the first time, is now exploring a number of Bulgarian projects that would require funding in the local currency.