Bulgarian American Credit Bank

+ 359 2 9658 358
Slavyanska str. 2, Sofia
 

The founder of the Bank is the Bulgarian American Enterprise Fund (BAEF). BAEF is a private corporation established in the US.Initially, the Bank was granted a limited banking license by BNB. In 1998 the banking license was expande. In April 2006, the controlling shareholder of the Bank at this moment - BAEF - sold around 30% from the capital of BACB through secondary public offering of shares executed on the Bulgarian Stock Exchange and the Bank received the status of a public company. On August 29, 2008 Allied Irish Banks, p.l.c., (AIB) acquired 49.99% of the voting stock of BACB and the participation of BAEF was accordingly decreased to 3.89%. Subsequently, BAEF transferred its residual shareholding of 3.89% to America for Bulgaria Foundation. In July 2011, Allied Irish Banks, p.l.c. sold its 6,311,100 shares, representing 49.99% from the registered capital of BACB, to a Bulgarian private investment company.

Web-site: www.bacb.bg

Available currencies: BGN, USD, EUR, GBP, CHF

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