Bulgarian American Credit Bank

What Bulgarian American Credit Bank does

Bulgarian American Credit Bank AD (BACB) is a Sofia-headquartered, privately-held universal bank founded in 1996, serving individual retail clients and business/corporate clients across Bulgaria through a hybrid branch-and-digital model. As of 2026 the bank operates at least 15 branches across all major Bulgarian cities (Sofia, Ruse, Burgas, Varna, Veliko Tarnovo, Pleven, Plovdiv, Kardzhali, Stara Zagora) supported by proprietary digital channels BACB Online, BACB Mobile, BACB Signer, and a browser-based Video Chat consultation service, with ATMs offering cash-in functionality at most locations. The core product set spans retail current accounts (including the fee-free Clean Account and LeuroAccount BGN/EUR transition product), debit and credit cards under Visa (Classic, Gold, Business), consumer and mortgage loans (including BACB Express, Online Loan 'Instant', and 'Dream Come True' mortgage), and a broad deposit franchise (Online, Flexible, Standard, Growing Interest, Children's 'Smile'). For business clients BACB provides SME lending, investment and renewable-energy financing, agricultural land loans, Visa Business cards, POS terminals, documentary trade operations, and EU europroject advisory, and it holds an investment intermediary license that gives it BSE-Sofia and Central Depository membership.

Revenue is generated primarily through traditional banking net interest income on the lending book (consumer, mortgage, SME, corporate loans), supplemented by fee and commission income on accounts, cards, ATM withdrawals, and payment processing (reported up 19% in 2025), transaction-based income from currency exchange and investment intermediary services, and subscription-style interest payments on deposits. Distribution is sales-led through branches and relationship managers, augmented by direct-to-consumer digital onboarding (BACB Online/Mobile) and cross-border deposit brokerage via WeltSparen and Raisin. The bank completes 2025 with reported consolidated net profit of EUR 18.271 million (BGN 35.735 million), a 20% growth in attracted funds at Q1 2026, and a 13.72% loan-portfolio expansion through Q3 2025, against an international BB+ / national BBB+ (BG) credit rating assigned by BCRA in April 2026. Following the 2026 euro adoption in Bulgaria, the full migration of accounts, cards, and terminals to EUR, and the 100% acquisition of Tokuda Bank EAD in January 2026 with an integration merger in preparation, BACB has positioned itself as a mid-tier consolidating universal bank under joint executive direction of Alexander Dimitrov Dimitrov and Loreta Ivanova Grigorova.

Name

Bulgarian American Credit Bank

Legal name

Bulgarian-American Credit Bank AD (Българо-американска кредитна банка АД)

Website

https://bacb.bg

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

251–500 employees

Short description

BACB is a Sofia-headquartered universal bank founded in 1996, serving Bulgarian retail and corporate clients through 15+ branches plus digital channels, with lending, deposits, payment cards, investment intermediary services, and the recently acquired Tokuda Bank EAD under integration.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

National Commercial Banks (6021), Personal Credit Institutions (6141)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB)

Keywords

• Retail banking services
• Corporate banking
• Consumer lending
• Deposit accounts
• Investment intermediation

Headquarters

HQ city

Sofia

HQ country

Bulgaria

HQ region

Europe

Offices15 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: Traditional banking interest income from lending activities including consumer loans, mortgage loans, and business loans. Interest is earned on the loan portfolio while interest is paid on deposits.
2. Fee and Commission Income: Fees and commissions from account maintenance, card transactions, ATM withdrawals, payment processing, and other banking services. Reported 19% increase in fee and commission income for 2025.
3. Investment Intermediary Services: BACB is a licensed investment intermediary mediating trading in financial instruments on Bulgarian Stock Exchange and OTC operations. Provides execution of client orders for transactions in financial instruments.
4. Currency Exchange: Cash and non-cash foreign currency exchange operations with bank official buy/sell rates applied. Treasury department handles large volume negotiated exchanges.
5. Deposit Taking: Attraction of customer deposits (individual and business) including term deposits, demand deposits, savings accounts, and online deposits, paying interest to depositors.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels6 records

Core offering

Bulgarian American Credit Bank (BACB) is a full-service commercial bank headquartered in Sofia, Bulgaria, founded in 1996. It provides retail and corporate banking products and services including deposit accounts, consumer and business loans, payment cards, digital banking channels, payment services, and investment intermediary services for individual and business clients in Bulgaria.

Product overview

Bulgarian American Credit Bank (BACB) is a full-service commercial bank offering a unified banking platform with multiple digital channels and specialized product lines. The core banking services are delivered through physical branch network and digital channels including BACB Online (web banking), BACB Mobile (iOS/Android app), and BACB Signer (mobile authentication). Individual banking products include checking accounts (Clean Account), debit cards (Visa Classic/Gold), credit cards (Visa Classic/Gold with Cashback program), consumer loans, mortgages (Dream Come True), quick loans (BACB Express, Instant Online Loan), overdrafts, and various deposit products (Online, Flexible, Standard, Growing Interest, Children's Smile). Business banking encompasses SME lending, investment loans for renewable energy and agriculture, Visa Business cards, POS terminals, documentary operations (letters of credit, guarantees), europroject advisory, and investment intermediary services. The bank also provides video chat customer support, sustainable finance/ESG services, and property sales of owned real estate.

Differentiator

Problem solved

Functional benefit

Brands

• BACB Online: Online banking platform for individual and business customers
• BACB Mobile
• BACB Signer
• POP CARDS
• LeuroAccount
• Clean Account (ЧИСТА СМЕТКА)
• BACB Real Estate

Products and services

• BACB Online
• BACB Mobile
• BACB Signer
• Video Chat Service
• Visa Classic Debit Card
• Visa Gold Debit Card
• Visa Classic Credit Card
• Visa Gold Credit Card
• Visa Business Debit Card
• Visa Business Credit Card
• Consumer Loan
• Mortgage Loan Dream Come True
• BACB Express
• Online Loan Instant
• Overdraft
• Student Loan
• Online Deposit
• Flexible Deposit
• Standard Deposit
• Growing Interest Deposit
• Children's Deposit Smile
• LeuroAccount
• Clean Account
• POP Cards
• SME Business Loans
• Renewable Energy Financing
• Agricultural Land Loans
• Documentary Operations
• Europroject Services
• Investment Intermediary Services
• Sustainable Finance/ESG Services
• POS Terminals
• Property Sales

Quantifiable outcome

• 20% growth in attracted funds in Q1 2026
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Tokuda Bank EADcoreStrategic or Co-development Partner · 12 January 2026BACB completed the acquisition of 100% of Tokuda Bank EAD shares. Tokuda Bank became a wholly-owned subsidiary of BACB. A merger procedure with BACB was being prepared as of March 2026.
• Tokushukai IncorporatedcoreStrategic or Co-development Partner · 16 April 2024Japanese company from which BACB agreed to purchase 99.94% of Tokuda Bank AD. The transaction was subject to regulatory approval and was completed in January 2026 when BACB acquired 100% of Tokuda Bank EAD.
• Bulgarian Stock Exchange - Sofia AD (BSE)coreTechnology or IntegrationBACB is a licensed investment intermediary and member of the Bulgarian Stock Exchange, enabling trading in financial instruments on regulated markets.
• Central Depository ADcoreTechnology or IntegrationBACB is a member of the Central Depository AD for securities settlement and registration services.
• WeltSparenminorChannel Partner/ Reseller/ DistributorGerman internet platform through which BACB offers deposit products (Interest Rates Bulletin for Deposits from Germany) for cross-border deposit brokerage.
• RaisinminorChannel Partner/ Reseller/ DistributorSpanish internet platform through which BACB offers EUR deposit products (Interest Rates Bulletin for Deposits from Spain) for cross-border deposit brokerage.
• BORICAcoreTechnology or IntegrationBulgarian card payment system through which BACB processes payment transactions. System transitioned to EUR processing with Bulgaria's euro adoption.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• DSK Bank (Банка ДСК): Largest Bulgarian retail bank by deposits and branches; directly comparable full-service retail + SME bank headquartered in Sofia, sharing BACB's mass-market consumer, mortgage, and business banking play.
• UniCredit Bulbank: Leading Bulgarian commercial and corporate bank owned by UniCredit Group; comparable in universal retail/business banking, SEPA/EUR capability, and Bulgarian market coverage.
• Eurobank Bulgaria (Postbank): Universal Bulgarian bank under Eurobank Holdings serving retail and SME segments with full digital offering; competes head-to-head with BACB in deposits, consumer lending, and cards.
• First Investment Bank (Fibank): Bulgarian universal bank with strong retail and SME lending focus; comparable in size tier and product mix to BACB.
• Central Cooperative Bank (CCB): Bulgarian universal bank serving retail, SME, and corporate clients through a multi-branch network; same mid-tier positioning as BACB.
• ProCredit Bank Bulgaria: SME-focused Bulgarian bank with strong digital channels and European-development-bank ownership; comparable business and digital banking profile to BACB.
• Investbank (Bulgaria): Mid-sized Bulgarian universal bank with retail deposit and SME lending products; competes in the same tier as BACB for Bulgarian individual and corporate deposits.
• Raiffeisenbank Bulgaria: Bulgarian unit of Raiffeisen Bank International serving retail and corporate clients; directly comparable in universal banking, cards, and SEPA-aligned EUR capabilities.

Regional players

• Municipal Bank (Общинска банка): Bulgarian bank with a long-standing municipal and retail deposit franchise; comparable in domestic retail banking, with a somewhat narrower corporate focus than BACB.
• International Asset Bank (IAB): Bulgarian universal bank with growing retail and SME franchise; comparable in scale-tier and Southeast European regional footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/bacbank
• Instagraminstagram.com/bacbank
• LinkedInlinkedin.com/company/bulgarian-american-credit-bank

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bulgarian American Credit Bank