 BDB was established on 11 March 1999 as a joint stock company with the intention of promoting economic and social development in Bulgaria.In April 2008, the Bulgarian Parliament adopted a special law, which changed the mandate of the bank and reorganised the bank group in its current form.BDB receives its funding from the European Investment Bank, the Black Sea Trade and Development Bank, the Qatar Investment Authority, the Council of Europe Development Bank, KfW, the China Development Bank, the Japan Bank for International Cooperation, the Nordic Investment Bank, and others.