As a result from the signed general framework agreement for cooperation between the Bulgarian Energy Efficiency Fund (BgEEF) and International Asset Bank AD, the bank put on the market two newly developed bank products: “Energy Asset” and “Energy Asset +”.

The product structure is correlated with the eligibility criteria for financing under BgEEF. The “Energy Asset” product offers a co-finacing mechanism on a 50:50 basis whereas the “Energy Asset +” product is especially developed for financing from International Asset Bank with partial credit guarantee from BgEEF, covering up to 80 percent of the amount of the principal of the credit, but not more than BGN 800 000.