Postbank has signed two new guarantee agreements with the European Investment Fund (EIF). They are under the "European Guarantee Fund" program to create a portfolio of loans for 650 million euros. Inclusion in the program will enable the bank to provide easier access to business financing on preferential terms, supporting the liquidity needs and projects of small, medium, and intermediate enterprises in the current challenging economic environment.

The program is open to companies from all sectors, both small and medium-sized enterprises with up to 250 employees and an annual turnover of up to BGN 97.5 million. As well as intermediate companies, the so-called small mid-caps, with a staff of up to 500 people. Financing is allowed for investment and turnover needs, as well as for refinancing existing obligations. The program is open for applications until the end of 2022.

"By expanding our partnership with the European Investment Fund, we will offer even better and more effective financial solutions to support the business in our country. This is yet another step demonstrating that we continue to stand close to our customers and respond to their needs, supporting them in the complex economic environment faced by the Covid-19 pandemic," said from Postbank.

The European Guarantee Fund (EGF) was created by the European Investment Bank Group (EIB) with the contribution of Bulgaria and other member states to protect companies affected by the Covid-19 crisis. With nearly EUR 25 billion raised in the form of guarantees, the EGF enables the EIB and the EIF to provide short-term loans, guarantees, collateralized securities, equity participation, and other financial instruments intended primarily for small and medium-sized enterprises. The EGF is part of the European Union's recovery package, which aims to provide a total of €540 billion to the most affected sectors of the EU economy.

You can learn more about the business products offered by Postbank at www.postbank.bg, at the bank's specialized centers and offices, at a meeting with a mobile banking expert, or by phone by dialing a short number *7224.