As of August 1st, 2004 Raiffeisenbank (Bulgaria) EAD starts lending to grain producers and traders against warehouse receipts.

The loans will be granted at very competitive conditions, for a term of up to 12 months and will finance working capital needs.

The individual loan amount will cover up to 70% of the market price of the grain taken as collateral. The warehouse receipts for the grain should be issued by licensed public warehouses pre-approved by the Bank.