| T he National Guarantee Fund (NGF), which is a subsidiary of Bulgarian Bank for Development, signed an agreement with five commercial banks for portfolio guarantees worth BGN 50 million, Sevtlin Statkov, the fund's executive director, announced. The main goal of NGF is to ease the access of small and medium-sized companies in Bulgaria to credits. It will cover up to 50% of the credit risk and the rest 50% will be covered by the partnering bank. Source: Pari (24.06.2009) |