highperformr logo

Bulgarian Development Bank's Overview

Total employees58
HeadquartersSofia
Founded1999

Bulgarian Development Bank (BDB) is a state-owned credit institution, 99.99% owned by the Bulgarian state. Established in 1999 as the Encouragement Bank, it was rebranded in 2008. BDB's primary mission is to support the growth of small and medium-sized enterprises (SMEs), facilitate export financing, implement public investment projects of national significance, and absorb EU funds. It plays a crucial role in the Bulgarian economy by providing access to finance where commercial banks may be hesitant, supporting strategic sectors, and fostering sustainable development. BDB often works in partnership with commercial banks and other financial institutions to deliver its programs.

Where is Bulgarian Development Bank's Headquarters?

HQ Function

The headquarters serves as the central administrative and operational hub for BDB, overseeing all strategic planning, financial operations, risk management, and SME support programs nationwide.

Notable Features:

A modern office building located in the central part of Sofia, designed to facilitate efficient banking operations and client interactions. It houses the main operational departments and executive management.

Work Culture:

The work culture at BDB headquarters is professional and mission-driven, focusing on national economic development, collaboration with state institutions, and support for Bulgarian businesses. Employees often have backgrounds in finance, economics, and public administration.

HQ Significance:

The headquarters is significant as it's the nerve center for Bulgaria's primary state-owned development financial institution, directly influencing national economic strategies and SME support mechanisms.

Values Reflected in HQ: The headquarters likely reflects values such as stability, professionalism, transparency, and a commitment to supporting the Bulgarian economy and its enterprises.

Location:

As a national development bank, BDB's primary focus is on the Bulgarian economy. Its global functions are centered around establishing and maintaining partnerships with international financial institutions (IFIs) like the European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD), and others. These partnerships facilitate access to international credit lines, co-financing for larger projects, and the implementation of EU-funded programs. BDB also supports Bulgarian companies in their export activities and helps attract foreign investment into Bulgaria.

Street Address:

1 Dyakon Ignatiy Str.

City:

Sofia

State/Province:

Sofia City Province

Country:

Bulgaria

Bulgarian Development Bank's Global Presence

Plovdiv, Bulgaria

Address: BDB operates primarily from its Sofia headquarters but collaborates with partner banks and has regional representatives. Specific addresses for regional points of contact can be found via their official channels or for its subsidiaries like the Microfinance Institution JOBS.

To support regional economic development, enhance accessibility of BDB's financial instruments for businesses outside the capital, and foster local entrepreneurship.

Varna, Bulgaria

Address: Similar to Plovdiv, direct BDB branches are limited, but presence is maintained through partner networks and subsidiary operations to serve the coastal and northeastern regions.

To stimulate economic activity and job creation in the Varna region, leveraging BDB's development mandate and financial tools.

Burgas, Bulgaria

Address: Engagement in Burgas and the southeastern region is typically managed via the Sofia headquarters, partner institutions, and subsidiary activities.

To contribute to the economic diversification and growth of the Burgas region through targeted financial support and strategic investments.

Buying Intent Signals for Bulgarian Development Bank

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of Bulgarian Development Bank

As of April 2025, Bulgarian Development Bank' leadership includes:

Iliya Lingorski - Chief Executive Officer and Chairman of the Management Board
Ivan Cerovski - Executive Director and Member of the Management Board
Jivko Todorov - Executive Director and Member of the Management Board
Vasil Shtonov - Chairman of the Supervisory Board
Stamen Yanev - Deputy Chairman of the Supervisory Board
Andrey Lafchiyski - Member of the Supervisory Board

Investors of Bulgarian Development Bank

Bulgarian Development Bank has been backed by several prominent investors over the years, including:

The Bulgarian State (99.99% ownership, represented by the Minister of Innovation and Growth)

Executive New Hires/Exits in the Last 12 Months

Hire3
Exits0

Bulgarian Development Bank has seen significant appointments to its Management Board and Supervisory Board in late 2023 and early 2024, aimed at strengthening its governance and strategic direction.

New Appointments:

Iliya Lingorski, Iliya Lingorski appointed as new CEO and Chairman of the Management Board of BDB.
Ivan Cerovski, Ivan Cerovski appointed as Executive Director and Member of the Management Board.
Jivko Todorov, Jivko Todorov appointed as Executive Director and Member of the Management Board.

Technology (Tech Stack) used by Bulgarian Development Bank

Discover the tools Bulgarian Development Bank uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Bulgarian Development Bank Email Formats and Examples

Bulgarian Development Bank typically uses a standard email format for its employees, generally combining parts of the employee's name with the company domain.

[first_initial].[last_name]@bdbank.bg or [first_name].[last_name]@bdbank.bg

Format

i.lingorski@bdbank.bg

Example

85%

Success rate

News and media

Bulgarian Development Bank Official Website2024-01-25

Bulgarian Development Bank news title: New Management Board of BDB. Iliya Lingorski is the new CEO of the bank

The new Management Board of the Bulgarian Development Bank (BDB) has been entered in the Commercial Register. Its members are Iliya Lingorski, Ivan Cerovski and Jivko Todorov. Iliya Lingorski is the new CEO of the bank. The decision for the changes was taken by the Supervisory Board of BDB after Rosen Karadimov, former Chairman of the MB and CEO of BDB, resigned from his post....more

Bulgarian News Agency (BTA)2023-12-20

Bulgarian Development Bank news title: Innovation Minister Presents New Supervisory Board of Bulgarian Development Bank

Innovation and Growth Minister Milena Stoycheva presented the new Supervisory Board of the Bulgarian Development Bank (BDB). The board includes Vasil Shtonov (Chairman), Stamen Yanev (Deputy Chairman), and Andrey Lafchiyski. The Minister highlighted their expertise and commitment to transforming BDB into a more transparent and efficient institution....more

SeeNews2023-10-05

Bulgarian Development Bank news title: Bulgarian Development Bank MFI JOBS to lend 3.5 mln euro to local SMEs

The Bulgarian Development Bank's (BDB) microfinancing arm, MFI JOBS, will provide loans totaling 3.5 million euro ($3.7 million) to local micro, small and medium-sized enterprises (MSMEs), the BDB said. The funding comes from an agreement with the European Investment Fund (EIF) under the InvestEU programme, aiming to support businesses with limited access to traditional bank financing....more

Highperformr’s free tools for company research

Explore Employees by Region or Country

See where a company’s workforce is located, by country or region.

View Funding Details

View past and recent funding rounds with amounts and investors.

Understand Revenue Insights

Understand company revenue estimates and financial scale.

Track Active Job Openings

Track active roles and hiring trends to spot growth signals.

Review Product and Offerings

Discover what a company offers—products, platforms, and solutions.

Get SIC or NAICS Codes

Get the company’s official SIC and NAICS classifications.

Analyze Website Traffic Trends

Analyze visitor volume, engagement, and top traffic sources.

Discover Social Profiles and Engagement

Explore LinkedIn, Twitter, and other active social profiles.

Identify Top Competitors

Identify top competitors based on similar business traits.

Research and Discover Companies with Highperformr — Smarter, Faster

Explore companies in depth — from the tech they use to recent funding, hiring trends, and buyer signals — all in one powerful view.

Highperformr AI helps you surface the right accounts and enrich your CRM with verified company and contact insights, so your teams can prioritize and engage faster.

  • Track intent signals to find buyers who are actively in-market
  • Enrich contacts and companies instantly, no need to switch tools
  • Automate workflows to stay ahead of every change
  • Connect your CRM & tools for seamless data sync and activation

Thousands of companies, including Bulgarian Development Bank, are just a search away.