Fund For Local Authorities and Governments in Bulgaria - Nalas

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• Performs financial analysis Responsibilities of the Managing Bank – 2 • Assesses the quality of the securities offered • Develops an official statement to FLAG about the loan structure and makes a proposal about the credit risk component
Lending process Investment project Project development Municipal Council The municipal council approves the borrowing by setting the loan upper limit, interest rate and fees, type of currency, maturity and repayment schedule/sources. The mayor submits the loan application form to FLAG through the Managing bank. Managing Bank Assesses the application form and the supporting documents. The bank assesses the credit history of the borrower, its financial situation for the last three years and its creditworthiness related to the project to be financed. As a result the bank develops a proposal for approval/rejection of the loan application and sets a proposed risk component.
Page 1 and 2: Fund For Local Authorities and Gove
Page 3 and 4: Funding needs and statistics • Av
Page 5 and 6: Institutionalization June 08 - Dece
Page 7 and 8: Funding sources 1. Available - BGN
Page 9: Responsibilities of the Managing Ba
Page 13 and 14: Sub-loans limitations and requireme
Page 15 and 16: 2009 Credit Activity Credit contrac
Page 17: Offsetting the borrowing costs Obje

Fund For Local Authorities and Governments in Bulgaria - Nalas

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