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85 children of deceased employees of the Ministry of Defense would receive the money donated by the bank.
The Chairman of the Management Board of the bank is Mr. Johann Jonach and the Deputy Chairman – Mr. Momtchil Andreev.
During December another BGN 40 million are expected for disbursement. This makes Raiffeisenbank one of the biggest financiers in the Bulgarian market.
The capital increase underlines the shareholders’ support for a continuation of Raiffeisenbank Bulgaria’s growth strategy.
The funds will be provided not latter then the end of November. As of today Raiffesenbank has financed companies from Bulgartabak Holding for BGN 6 million.
Raiffeisenbank Bulgaria (RBBG) bought more than 42 % - a total of EUR 1,266,000 - of the bond issued by the City of Varna and was by far the biggest investor in this issue.
