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Raiffeisenbank (Bulgaria) EAD lends against warehouse receipts
10 August 2004
As of August 1st, 2004 Raiffeisenbank (Bulgaria) EAD starts lending to grain producers and traders against warehouse receipts.
The loans will be granted at very competitive conditions, for a term of up to 12 months and will finance working capital needs.
The individual loan amount will cover up to 70% of the market price of the grain taken as collateral. The warehouse receipts for the grain should be issued by licensed public warehouses pre-approved by the Bank.
