The bank won a public procurement tender, with contracting authority the Ministry of Finance. According to preliminary estimates, the annual basis of the ISPA funds and the corresponding co-financing stands at 180 mln BGN.

Individuals will use Raiffeisenbank loans to improve, for example, double glazing, interior and exterior insulation, incl. roofs and floors, biomass stoves and boilers, solar water heaters, efficient gas boilers and heat pumps.

Three days after sending online application, the client receives information on the phone for the approved credit limit. After 5 working days he can get his RaiCARD at the chosen banks office.

The loan amount is up to 70 pct of the market value of the grain, for which a warehouse receipts are issued by licensed public warehouse, pre-approved by the Bank. The Bank will take the grain as collateral.

The new Executive Director of Raiffeisenbank has gained experience in the Retail banking, while working at Creditanstalt Vienna, ING Bank – Bratislava and AIG – Bratislava.

The maturity of the bond is 5 years and pays out a semi-annual coupon of 7.00 per cent p.a. Initially the bond is launched through a private placement. The nominal value of a single bond is BGN 1000.