The Bulgarian Development Bank (BDB) and United Bulgarian Bank (UBB) have concluded a funding agreement of value EUR 100 million. Through this Agreement both institutions affirm their strategic partnership and their commitment to the sustainable development of the banking and financial sector in Bulgaria.

The Agreement has been concluded in compliance with the Republic of Bulgaria’s 2025 State Budget Act and is within the maximum amount of state guarantees that can be provided pursuant to the BDB Act.

The loan, provided by UBB to the BDB, supports the implementation of the National Energy Efficiency Programme for Multi-family Residential Buildings (2025-2029), as well as the Investment programme for municipal projects, upon strict observance of the applicable legislation in the state aid domain.

„For UBB the partnership under this programme is an important element of the Bank’s strategy for developing a sustainable, energy-efficient environment and for realizing important municipal projects, that will result in improvement of the life of Bulgarian citizens“, shared Dobromir Dobrev, Executive Director Corporate Banking and Markets at UBB.

„This Agreement is an important step in expanding our partnership with UBB and in supporting of top priority programmes at country level that trigger long-term economic and social effect “, commented Tsanko Aranadzhiev, Executive Director at the Bulgarian Development Bank.

This document is part of the consistent efforts of the BDB and UBB for improving the social and economic environment in Bulgaria. In December the two banks signed a Guarantee Agreement under the InvestEU programme of value exceeding EUR 335 million for funding of SMEs and sustainable investments.