Bulgaria's BDB Leasing launches new financial product for MSMEs

Banking

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State-owned Bulgarian Development Bank (BDB) said on Tuesday that its subsidiary BDB Leasing is launching a new financial product to support micro, small and medium-sized enterprises (MSMEs) active in manufacturing, processing, food processing, printing and healthcare, reported news portal SeeNews.

Eligible companies can apply for leasing of up to BGN 5 million (EUR 2.56 million) to back investments in machinery and equipment, including medical and energy equipment, BDB said in a statement.

The term of the leasing is up to 84 months with an option for a grace period. 

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