The program “Business forecast” of CIBANK for Investment loans to SMEs under the line of the European Investment Bank (EIB) received the largest number of points in the ”Investment products “ category and was stated as the Financial product of the year during the international financial conference “Banks, Investments, Money “.
CIBANK was the first bank in Bulgaria to sign an agreement with the EIB for releasing a credit line of 25 million euro in support of  SMEs and  districts. The loans give opportunity to the bank to finance under more favorable conditions long-term investment projects of small- and medium sized enterprises, which equals to 22 million euro.
“ I am very pleased that the first prize that is being given at this ceremony, is for Investment product, as in these hard times the support for  business to invest is determining for the development of the economy as a whole “, said while receiving the prize  Vasil Simov- Executive director and chairman of the Board of managers of CIBANK. The analyses made by CIBANK  show revival of the interest in Investment credits during the last three months and they mark double growth of the number of the applications for  credit by SMEs.
The “Business forecast” program started at the end of the previous year with two types of loans for SMEs:

• Credit “ EuroFacility”- from 20 000 euro to 250 000euro
• Credit “ EuroSupport”- from 20 000 euro to 7 000 000 euro

The credits are financed by resources from EIB and are granted under favorable interest rate terms- 2 % lower interest rates compared to the common investment loans. Additional advantages for the clients are the free review of credit applications and the preferential fee for credit managing, free use of internet banking and the higher differentiation in  accumulation of interest for the company finance on the ‘ BusinessActive ‘ account.