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Bulgarian-American Credit Bank AD

Summary

Company ID (NIN)

121246419

Company owner / manager

  • Others
  • CSIF AD
  • LTBI Holdings LLC

Country

Bulgaria

Capital

24,691,000

Total assets

1,420,311,000

Net profit for the period

12,315,000

Report year

2018

Currency

BGN

Industry

Banking

General information

About Bulgarian-American Credit Bank AD

Bulgarian-American Credit Bank AD (BACB) is a Bulgarian commercial bank. According to the Bulgarian National Bank, BACB was the 16th largest bank in Bulgaria in terms of total assets as of Mar 31, 2019.
 

Last updated on June 11, 2019.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
Dec. 3, 1996
NIN
121246419
Tickers
5BN
Stock Exchange
Bulgarian Stock Exchange
ISIN
BG1100098059
Profile last updated
June 11, 2019, 9:25 a.m.
Alternative names

    Bulgarian-American Credit Bank JSC;
    Balgaro-Amerikanska Kreditna Banka AD;
    BACB AD

History

    Dec 3, 1996 - Bulgarian-American Credit Bank AD (BACB) is established in Sofia by U.S. state-owned Bulgarian-American Enterprise Fund (Balgaro-Amerikanski Investitsionen Fond).

    Dec 30, 1999 - The company is granted a full banking license from the Bulgarian National Bank (BNB).

    Mar 24, 2006 - BACB lists on the Bulgarian Stock Exchange.

    Apr 13, 2006 - The company acquires financial company Capital Direct EAD from Bulgarian-American Enterprise Fund.

    Aug 29, 2008 - Bulgarian-American Enterprise Fund sells its 49.99% in the company to the Allied Irish Banks PLC for BGN 422.844 mln.

    Apr 17, 2009 -  U.S. Gramercy Emerging Markets Fund acquires 13.89%, raising its stake in BACB to 30.92%.

    June 17, 2011 - Bulgarian Sofia-based private investment company CSIF AD acquires 49.99% in BACB from Allied Irish Banks (AIB) for EUR 100,000.

    March 2015 - US investment fund Gramercy Select Master Fund sells 32.73% in Bulgarian-American Credit Bank AD to another US-based investment holding company - LTBI Holdings LLC.


    Last updated on June 11, 2019.

Management

Supervisory Board
Tsvetelina Borislavova Karagyozova
Chairman of the Board
Martin Boychev Ganev
Member of the Board
Serge Lioutyi
Member of the Board
Board of Directors and Executives
Aleksandar Dimitrov Dimitrov
Executive Director
Silvia Kirilova Kirilova
Member of the Board
Ilian Petrov Georgiev
Director General
Loreta Ivanova Grigorova
Executive Director
Vasil Stefanov Simov
Chairman of the Board and CEO

Contacts

Address
2, Slavyanska Str.
1000
Sofia, Bulgaria
Telephones

+359 2 965 8358
+359 2 965 8345
+359 2 965 8271

Fax

+359 2 944 5010

Emails

bacb@bacb.bg
ir@bacb.bg

Websites
www.bacb.bg

Ownership

Name Direct holding Indirect holding Owner type Country
Others 3.42 Other
CSIF AD 61.43 Company Bulgaria
LTBI Holdings LLC 35.15 Company USA

Subsidiaries and affiliates

Name Direct holding Indirect holding Country
BACB Trade EAD 100.0 Bulgaria
BACB Finance EAD 100.0 Bulgaria

Products and services

Bulgarian-American Credit Bank AD offers the following products and services:

  • To individual clients:
    • Loans, including consumer and mortgage;
    • Deposits;
    • Current and saving accounts;
    • Debit and credit cards;
    • Money transfers;
    • Currency exchange;
    • Online banking;
    • Investment schemes.
  • To companies:
    • Loans, including investment and working capital loans, capital and money market financing;
    • Deposits;
    • Current and saving accounts;
    • Debit, credit and business cards;
    • Money transfer;
    • Documentary services;
    • Online banking;
    • Investment schemes;
    • Full range of financial services to companies dealing with European Union programmes.
  • Investment mediation.

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