SME Initiative Bulgaria Monitoring Committee Meeting 19 November, - - PowerPoint PPT Presentation

SME Initiative Bulgaria Monitoring Committee Meeting

19 November, 2019

Hristo Stoyanov, Manager, European Investment Fund

Jun, 2019: 96.4% of maximum portfolio volume originated Dec, 2018: SME loans for aggregate value

• f EUR 516m originated by end-2018

Feb, 2017: All 10 banks started originating 2

Implementation update

Mandate statistics

2nd March, 2016: Mandate signature Dec, 2016: 4 banks started originating, SMEI political commitment fulfilled Nov, 2016: 5 transaction signatures 1.1% 2016 2017 2019 41.44%

31st Dec 31st Dec 3оth June

Maximum Target Loan Portfolio volume signed with 9 intermediaries 608m Number of SMEs supported by 31/03/2019

3,893

SME transactions supported by 31/03/2019 4,481 Aggregate SME loan volume signed by 30/06/2019 586m

Progress Highlights

31st Dec

Statistics includes implementation data as of 30 June 2019 84.7% 2018

31st Dec

96.4%

Total al contribu bution tion EUR 102 102m

3

Implementation update

Portfolio Allocations to Financial Intermediaries

Portfolio allocations in EURm

131 131,3 113 113,4 98 98,5 89 89,2 63 63,4 40 40 31 31,8 10 10,8 8 20 40 60 80 100 120 140 ProCredit Bulgaria United Bulgarian Bank (UBB) Eurobank Bulgaria AD Unicredit Bulbank Raiffeisen Bank DSK Bank Piraeus Bank Bulgaria AD Societe Generale Expressbank Deutsche Leasing Bulgaria EAD

Amount Committed to SMEs

• Approved portfolio volume:

EUR R 608 608m

• Portfolio Principal amounts:

EUR R 586 586m

• Portfolio Disbursed

amounts: EUR 532 532m

Statistics includes implementation data as of 30 June 2019

4

Implementation update

Portfolio breakdowns

Statistics includes implementation data as of 30 June 2019

Financi nancing ng Purp rpose Aggr gregate egate Indust dustry Conce ncent ntration ration

57 57,3% 40 40,3% 1,4% 0,9% Working capital Tangible investment Intangible investment 45 45,8% 24 24,3% 13 13,8% [VALU LUE] 5,9% 2,7% G - Wholesale and retail trade C - Manufacturing Other F - Construction H - Transportation and storage J - Information and communication

Busin iness ess Segmen ent (by numb mber er of transact ctions) ions)

12 12,0% 40 40,0% 48 48,0% Medium Small Micro

5

Implementation update

Portfolio breakdowns

Numb mber er of tra ransa nsactio ctions ns by size (EUR) Busin iness ess histo tory ry

500 1000 1500 2000 2500 3000

<25k 25k-150k 150k-250k 250k-1M >1M

5% 12 12% 12 12% 71 71% <1 year 1-3 years 3-5 years 5+ years

63 63% 37 37%

Unsecured Secured

Colla latera erali lisatio tion*

Portfolio collateralisation level**: 38 38%

*By number of secured transactions **Based on the total committed amount of the portfolio

6

H2020 compartment

Overall figures (EUR)

EUR 51.8m m

Committed

EUR UR 46 46m m

Disbursed

232 232

Transactions

209 209

SMEs benefited

316 316%* %*

Committe d

280 280%* %*

Disbursed

• Min. H2020 Target

Overachieved EUR 16.4m

* Utilisation of the H2020 target volume as of 30 June 2019 (min. target EUR 16.4m)

7

H2020 compartment

Portfolio breakdowns (EUR)

Financi nancing ng Purp rpose Busin iness ess Segmen ent*

3% 56 56% 42 42% Intangible investment Tangible investment Working capital 23 23% 48 48% 29 29% Medium Small Micro

8

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

• ns of contracted loan portfolio volumes

between implementing banks;

• Amendments of guarantee agreements expected to reflect ongoing

merger gers between implementing banks.