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Bulgarian Investment Bank PLC

Sector: Commercial • Location: Bulgaria

Source: Multilateral Investment Guarentee Agency (MIGA)

Project
Not Active

MIGA issued $3.7 million in coverage to Commercial Bank of Greece, S.A. for its $1.4 million equity investment in Bulgarian Investment Bank PLC (BIB), the only investment bank in Bulgaria. MIGA's guarantee covers the risks of transfer restriction, expropriation, and war and civil disturbance. Established in 1994 by the European Bank for Reconstruction and Development and a group of Bulgarian and

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Project Information

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The project “Bulgarian Investment Bank PLC” is an infrastructure initiative in the Commercial sector, located in Bulgaria. Taiyo aggregates data on it from Multilateral Investment Guarentee Agency (MIGA).

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Participants

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not active

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Description

Description

MIGA issued $3.7 million in coverage to Commercial Bank of Greece, S.A. for its $1.4 million equity investment in Bulgarian Investment Bank PLC (BIB), the only investment bank in Bulgaria. MIGA's guarantee covers the risks of transfer restriction, expropriation, and war and civil disturbance. Established in 1994 by the European Bank for Reconstruction and Development and a group of Bulgarian and foreign banks, BIB provides medium- and long-term financing to private sector companies and companies undergoing privatization, financial advisory services, investment funds management, and arrangements for foreign funding for large projects. Employees will be trained in management systems and standard banking computer software packages. Most of the equipment requirements for the bank will be sourced locally.

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Original Currency

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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