Bulgarian Development Bank AD (BDB) was established in 1999 under the name of Encouragement Bank. It was transformed to Bulgarian Development Bank AD in April 2008 after the adoption of a special law regarding Bulgarian Development Bank. BDB has two subsidiaries– National Guarantee Fund EAD and Microfinance Institution Jobs EAD, which together form the BDB Group. MISSION The mission of the BDB is to be a modern banking institution, seeking to make full use of its unique position in the local banking market to implement the state policy in the Bulgarian economy as the main focus of the bank are local SMEs, project financing for export-oriented companies, as well as investment banking and public projects of national importance. VISION Realizing its potential as an unique institution for the local market, BDB shall become one of the systemically important banks in Bulgaria, contributing with its activities to ensure better access of SMEs to financial resources, while at the same time providing the necessary tools for efficient implementation of government economic policy in order to ensure sustainable development of the country.