SME Initiative Bulgaria Monitoring Committee Meeting 19 November, 2019 Hristo Stoyanov, Manager, European Investment Fund
Implementation update Mandate statistics Highlights Total al contribu bution tion 608m Maximum Target Loan Portfolio volume signed with 9 intermediaries EUR 102 102m 586m Aggregate SME loan volume signed by 30/06/2019 SME transactions supported by 31/03/2019 4,481 Number of SMEs supported by 31/03/2019 3,893 Progress 31 st Dec 31 st Dec 3 о th June 31 st Dec 31 st Dec 2016 2017 2018 2019 41.44% 96.4% 1.1% 84.7% Feb, 2017: All 10 banks started originating 2 nd March, 2016: Jun, 2019: 96.4% of Mandate signature maximum portfolio Dec, 2016: 4 banks started originating, volume originated SMEI political commitment fulfilled Dec, 2018: SME loans for aggregate value Nov, 2016: 5 transaction of EUR 516m originated by end-2018 signatures 2 Statistics includes implementation data as of 30 June 2019
Implementation update Portfolio Allocations to Financial Intermediaries Portfolio allocations in EURm 140 131 131,3 Approved portfolio volume: EUR R 608 608m 120 113,4 113 Portfolio Principal amounts: EUR R 586 586m 98,5 98 100 Portfolio Disbursed 89 89,2 amounts: EUR 532 532m 80 63,4 63 60 40 40 40 31,8 31 20 10,8 10 8 0 ProCredit United Eurobank Unicredit Raiffeisen DSK Bank Piraeus Societe Deutsche Bulgaria Bulgarian Bulgaria AD Bulbank Bank Bank Generale Leasing Bank (UBB) Bulgaria AD Expressbank Bulgaria EAD Amount Committed to SMEs 3 Statistics includes implementation data as of 30 June 2019
Implementation update Portfolio breakdowns Aggr gregate egate Indust dustry Conce ncent ntration ration Busin iness ess Segmen ent (by numb mber er of transact ctions) ions) 5,9% 2,7% 12,0% 12 [VALU LUE] Medium 48 48,0% Small 40 40,0% 45 45,8% Micro 13 13,8% 24,3% 24 Financi nancing ng Purp rpose 0,9% 1,4% G - Wholesale and retail trade C - Manufacturing Working capital Other 40,3% 40 Tangible F - Construction 57,3% 57 investment H - Transportation and storage Intangible J - Information and communication investment 4 Statistics includes implementation data as of 30 June 2019
Implementation update Portfolio breakdowns Busin iness ess Numb mber er of tra ransa nsactio ctions ns by size histo tory ry (EUR) 5% 3000 12 12% 12 12% 2500 71 71% 2000 <1 year 1-3 years 3-5 years 5+ years 1500 Colla latera erali lisatio tion* 1000 37 37% Unsecured 500 Secured 63 63% 0 <25k 25k-150k 150k-250k 250k-1M >1M Portfolio collateralisation level**: 38 38% *By number of secured transactions 5 **Based on the total committed amount of the portfolio
H2020 compartment Overall figures (EUR) EUR 51.8m m 232 232 EUR UR 46 46m m 209 209 Committed Disbursed Transactions SMEs benefited 280 280%* %* 316 316%* %* Disbursed Committe d Min. H2020 Target Overachieved EUR 16.4m * Utilisation of the H2020 target volume as of 30 June 2019 (min. target EUR 16.4m) 6
H2020 compartment Portfolio breakdowns (EUR) Financi nancing ng Purp rpose Busin iness ess Segmen ent* 3% 23 23% Intangible 29% 29 Medium investment 42 42% Small Tangible investment 56% 56 Micro 48% 48 Working capital 7
Implementation update EIF activities in 2019 EIF continues with mon monit itoring ing visi isits ts at the Financial Intermediaries including detailed checks on a sample of the loan portfolio; Performed small real eallocat location ons of contracted loan portfolio volumes between implementing banks; Amendments of guarantee agreements expected to reflect ongoing merger gers between implementing banks. 8
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