Kinstellar has advised the Black Sea Trade and Development Bank on its “Framework Agreement for Pandemic Crisis Response Programme” that will be implemented together with the National Guarantee Fund.
According to Kinstellar, “the risk-sharing portfolio guarantee program is expected to promote up to EUR 75 million of new financing and help about 250 local SMEs to offset the negative impact of COVID-19 in Bulgaria. The program will offer guarantees to Bulgarian commercial banks, facilitating access to finance and improving financing conditions for final borrowers.”
Kinstellar’s team was led by Counsel Svilen Issaev and included Partner Kvetoslav Krejci and Associate Nikolay Gergov.