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  • Raiffeisenbank (Bulgaria) EAD Lends Against Warehouse Receipts
KBC Bank

Raiffeisenbank (Bulgaria) EAD Lends Against Warehouse Receipts

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17 June 2005

As of July 1, 2005 Raiffeisenbank Bulgaria will start extending loans to grain producers and traders against warehouse receipts. The loan amount is up to 70 pct of the market value of the grain, for which a warehouse receipts are issued by licensed public warehouse, pre-approved by the Bank. The Bank will take the grain as collateral.

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