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.
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.
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.
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.
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.
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.
1 Dyakon Ignatiy Str.
Sofia
Sofia City Province
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.
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.
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.
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As of April 2025, Bulgarian Development Bank' leadership includes:
Bulgarian Development Bank has been backed by several prominent investors over the years, including:
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.
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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
Bulgarian Development Bank Official Website • 2024-01-25
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
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
SeeNews • 2023-10-05
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
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