FIBank Obtains 65 Mln Euros Syndicated Loan

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FIBank Obtains 65 Mln Euros Syndicated Loan

Bulgaria's First Investment Bank (FIBank) () obtained a 65 mln euro syndicated loan from 11 banks. The organizers were Bayerishe Landesbank and ABN Amro, x3news reported.

The loan matures in one year with an option to be extended. It is granted for general and commercial financing.

“The extension of the loan is a clear signal from our long standing foreign partners about their confidence in the strength and the professionalism of FIBank“, the financial institution said.

The highest bids on the position of FIBank stand at 7.22 leva per share at present, while the asks stand at 7.25 leva per share. The last deal in FIBank's stock was sealed at a price of 7.2 leva per share.

The bank announced yesterday that it slashes the interest rates on mortgage loans. Loan applicants will also benefit from preferential monthly income requirements.

The interest rate on mortgage loans for the purchase of a residential property will stand at 7.1%, while the interest rate on mortgage loans for the covering of current needs is set at 7.75%.

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