Bulgarian-American Credit Bank AD
BBSEBG:BACB5.40
EUR
-0.55
(-9.24%)
ISIN
BG1100098059
Return %
Stock
S&P 500
1Y
-6.54
14.20
3Y
111.23
81.12
5Y
86.93
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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- Full Time Employees
- 398
- Sector
- Finance
- Industry
- Regional banks
- Address
- Sofia Bulgaria
- IPO Date
- Apr 4, 2006
- Website
- bacb.bg
- Similar Companies
- Business
- Bulgarian-American Credit Bank AD is a Bulgaria-based commercial banking institution that provides a comprehensive range of corporate, small and medium-sized enterprise, retail, and digital banking products and services. Founded in 1996 and headquartered in Sofia, Bulgaria, the bank operates across the country through an established branch network and specialized digital banking channels, serving individual consumers, agricultural producers, municipal entities, and corporate enterprises. The bank is majority-owned by the investment holding company CSIF AD (Clever Synergies Investment Fund AD). The bank operates across several core business segments, including Corporate Banking, SME Banking, Retail Banking, and Treasury and Investment Services. Its comprehensive portfolio of products and services comprises: corporate and SME credit facilities, including working capital loans, investment loans, overdraft facilities, project financing, syndicated loans, and agricultural loans; trade finance solutions, including documentary letters of credit, bank guarantees, and factoring; specialized green and sustainable financing instruments for renewable energy, energy efficiency, circular economy initiatives, and ecological agriculture; retail lending products, including residential mortgages, home improvement loans, consumer credits, auto loans, and overdrafts; deposit and liquidity management products, including current accounts, savings accounts, and fixed-term deposits in local and major foreign currencies; payment and cash management services, including domestic clearing via BISERA and RINGS, Single Euro Payments Area transfers, international SWIFT wire transfers, direct debit, utility payment services, and escrow accounts; payment card solutions, including debit and credit cards issued under Visa and Mastercard brands; digital banking channels, including the BACB Online internet banking platform, the BACB Mobile application, the BACB Plus virtual banking service offering remote digital onboarding, and the BACB Pay digital mobile wallet; and treasury services, encompassing foreign exchange spot and forward contracts, money market operations, sovereign bond trading, and asset custody. In recent major developments, Bulgarian-American Credit Bank AD signed a share purchase agreement to acquire a 99.76 percent controlling stake in Tokuda Bank AD from Japan-based Tokushukai Incorporated, marking a significant strategic consolidation to expand its asset base, branch coverage, and market presence in Bulgaria. Concurrently, the bank continues to advance its digital transformation through the integration of instant payment capabilities, enhanced biometric identification systems, and automated credit assessment processes. The institution has also strengthened its strategic cooperation with international financial institutions, including guarantee agreements with the European Investment Fund and the European Investment Bank under the InvestEU program to support sustainable green investments and enhance access to capital for small and medium-sized businesses.