Central Cooperative Bank AD

Summary

Company ID (NIN)

831447150

Company owner / manager

CCB Group EAD
Other
Chimimport AD

Country

Bulgaria

Capital

113,154,000

Total assets

5,614,481,000

Net profit for the period

32,963,000

Report year

2018

Currency

BGN

Industry

Banking

General information

About Central Cooperative Bank AD

Central Cooperative Bank AD is a Bulgarian commercial bank. The Bulgarian National Bank ranked it eighth in the country 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

March 28, 1991

NIN

831447150

Tickers

4CF

Stock Exchange

Bulgarian Stock Exchange

ISIN

BG1100014973

Profile last updated

June 11, 2019, 10:42 a.m.

Alternative names

Central Cooperative Bank AD;
Tsentralna Kooperativna Banka JSC;
Central Cooperative Bank JSC;
CCB AD;
CCB JSC

History

Mar 28, 1991 - The Bulgarian Central Cooperative Union and local cooperative organisations establish Central Cooperative Bank OOD.

Oct 15, 1992 - Central Cooperative Bank OOD is transformed into a joint stock company.

Mar 4, 1999 - The bank is listed on the Bulgarian Stock Exchange.

2002 - Bulgarian holding company Chimimport AD acquires a 32.77% stake in Central Cooperative Bank AD.

2004 - The bank doubles its issued capital to BGN 32.340 mln and Bulgaria-based CCB Group Assets Management EAD (CCB Group EAD) becomes majority shareholder.

Feb 28, 2008 - The bank acquires a 62.57% stake in Macedonia's Sileks Banka AD Skopje and later changes its name to Central Cooperative Bank AD Skopje.

2010 - Central Cooperative Bank AD acquires a 93.79% stake in Macedonia's Stater Banka AD Kumanovo. On Jan 3, 2011 Stater Banka AD Kumanovo merges with Central Cooperative Bank AD Skopje and ceases to exist as a separate legal entity.

2011 - The bank acquires a 18% stake in the Bulgarian television and radio broadcaster Bulgaria On Air OOD.

2011 - Central Cooperative Bank AD acquires a 100% stake in the Bulgarian investment company CCB Assets Management EAD.

2012 - The bank acquires a majority stake in the Russian bank ZAO AKB TatInvestBank. In March 2014 ZAO AKB TatInvestBank changes its name to ZAO IK Bank.

November 2014 - Central Cooperative Bank AD acquires the consumer loans and credit cards portfolio of local Commercial Bank Victoria EAD.

Mar 13, 2019 - Bulgarian pension fund Saglasie AD acquires an additional 6.98% stake in Central Cooperative Bank AD.

Last updated on June 11, 2019.

Related data

Similar companies

Related reports

Management

Board of Directors and Executives

Georgi Kosev Kostov

Executive Director

Aleksandar Asenov Vodenicharov

Chairman of the Board

Tsvetan Tsankov Botev

Deputy-Chairman of the Board

Aleksandar Dimitrov Kerezov

Member of the Board

Biser Yordanov Slavkov

Member of the Board

Georgi Dimitrov Konstantinov

Member of the Board

Sava Marinov Stoynov

Member of the Board

Georgi Kosev Kostov

Member of the Board

Georgi Dimitrov Konstantinov

Executive Director

Sava Marinov Stoynov

Executive Director

Supervisory Board

Rayna Dimitrova Kuzmova

Member of the Board

Petar Ivanov Stefanov, a respresentative of Central Cooperative Union (Bulgaria)

Member of the Board

Ivo Kamenov Georgiev

Chairman of the Board

Marin Velikov Mitev

Member of the Board

Contacts

Address

87, Tsarigradsko Shose Blvd.
1086
Sofia, Bulgaria

Telephones

+359 2 9266 266
+359 2 9266 214
+359 2 9266 570

Fax

N/A

Emails

office@ccbank.bg

Websites

www.ccbank.bg

Ownership

Name	Direct holding	Owner type	Country
CCB Group EAD	68.56	Company	Bulgaria
Other	24.79	Other
Chimimport AD	6.65	Company	Bulgaria

Subsidiaries and affiliates

Name	Direct holding	Country
Central Cooperative Bank AD Skopje	87.35	N. Macedonia
CCB Assets Management EAD	100.0	Bulgaria
ZAO IK Bank	86.27	Russia

Products and services

Central Cooperative Bank AD is engaged in financial services, management activities of holding companies and monetary intermediation.

It provides products and services to:

Individual clients:
- Loans, including consumer and mortgage loans;
- Credit and debit cards;
- Deposits;
- Current and saving accounts;
- Money transfers (Western Union);
- Currency exchange;
- Online banking;
- Personal safes and safety deposit boxes.
Small and medium enterprises and corporate clients:
- Loans, including investment and working capital loans, capital and money market financing;
- Deposits;
- Debit and credit cards;
- Current and saving accounts;
- Money transfer;
- Online banking;
- Custody services.