25.01.2008Municipal Bank PLC Signs Agreement for Cooperation in the Execution of Investment Schemes under Operational Programme Competitiveness

Municipal Bank AD signed a Framework Agreement for Cooperation in the Execution of Investment Schemes under Operational Programme “Development of the Competitiveness of the Bulgarian Economy 2007 - 2013” with the Ministry of Economy and Energy on 22.01.2008. Under the Agreement the Bank shall offer investment loans to enterprises applying for grants under the Program to serve for financing the execution of the projects approved. At the stage of applying for financial aid the Bank shall upon request by the applicant issue a loan assurance (being a contingent approval for providing a bank loan) or a bank reference.