ProCredit Bank Bulgaria

What ProCredit Bank Bulgaria does

ProCredit Bank Bulgaria, legally ProCredit Bank (Bulgaria) EAD, is a Bulgarian private banking institution founded in 1999 and 100% owned by Frankfurt-listed ProCredit Holding AG, the parent of the development-oriented ProCredit Group operating across Eastern Europe, Southeast Europe, South America, and Germany. The bank serves two primary customer segments: individual retail clients (consumer loans, housing loans, green/EcoMobility loans, deposits, accounts, cards) and micro, small and medium enterprises including agricultural producers (business loans, EU programme financing, trade finance, green investment loans, agricultural loans, POS terminals). Approximately 30% of its loan portfolio consists of green loans supporting environmental investments, and 80% of new loan volumes originate from micro/small enterprises and retail clients.

The bank operates a hybrid digital and physical distribution model. Digital channels comprise the proprietary ProB@nking internet banking platform, the ProCredit Mobile app, and a PSD2-compliant API portal; customers can open accounts and apply for loans fully online, supported by Evrotrust for digital identification/document signing and B-Trust Mobile for authentication. The physical branch network includes the head office in Sofia and a Plovdiv branch with an on-site 20 kW photovoltaic installation. Apple Pay and Google Pay integrations are supported.

Revenue is generated primarily through interest income from lending (consumer loans at 5.25%, housing from 2.80%, EcoMobility at 3.95%), net interest spread on deposits, transaction and account fees (domestic and international transfers, mass payments, POS), and card-related income. The bank is positioned as a sustainability leader, holding ISO 14001:2015 certification (first Bulgarian bank, 2016), MSCI AA ESG rating, EDGE Zero carbon-neutral certification for its head office, and 7 ESG performance awards across 2024-2025, with 100% renewable energy procurement since 2019 and 89% electrified fleet by 2024-2025.

Name

ProCredit Bank Bulgaria

Legal name

ProCredit Bank (Bulgaria) EAD

Website

https://procreditbank.bg

Company type

Private

Founded year

1999

Operating status

Operating

Short description

ProCredit Bank Bulgaria (ProCredit Bank (Bulgaria) EAD) is a Bulgarian private bank, 100% owned by Frankfurt-listed ProCredit Holding AG, serving individual retail clients and micro/small/medium enterprises with consumer loans, mortgages, business financing, and a sustainability-focused green lending portfolio via digital and branch channels.

Ownership category

akta.pro rank

Product category

Retail and Commercial Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

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

akta.pro secondary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

Keywords

• Retail banking services
• SME business lending
• Green finance loans
• Mortgage and consumer credit
• Digital banking platform

Headquarters

HQ city

Sofia

HQ country

Bulgaria

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Lending: ProCredit Bank generates revenue primarily through interest income on loans including consumer loans, housing loans, green loans, business loans, agricultural loans, and trade financing. Interest rates vary by product: consumer loans at 5.25%, housing loans from 2.80%, EcoMobility loans at 3.95%.
2. Deposit Interest Spread: The bank takes deposits from retail and business customers and extends loans at higher interest rates, capturing the spread. Deposits include term deposits, FlexSave savings accounts, and current accounts.
3. Transaction and Account Fees: Fees from payment services including domestic and international transfers, mass payments, POS terminal services, and account maintenance.
4. Card-related Income: Revenue from debit and credit card operations including issuance and usage fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

ProCredit Bank Bulgaria is a development-oriented commercial bank offering a comprehensive suite of retail and business banking products, including consumer loans, housing mortgages, savings accounts, debit/credit cards, and transaction services for individuals, alongside business loans, EU program financing, trade finance, agricultural loans, and green investment loans for micro, small and medium enterprises (MSMEs). The bank differentiates through a strong focus on sustainable finance, with approximately 30% of its loan portfolio allocated to green lending, supported by proprietary digital banking platforms (ProB@nking and ProCredit Mobile) that enable fully online account opening and loan applications.

Product overview

ProCredit Bank Bulgaria operates as a value-based, development-oriented bank offering a comprehensive suite of banking products and services for both individual and business clients. The core product portfolio includes traditional banking services (accounts, deposits, loans, cards) alongside specialized green/sustainable finance products (EcoMobility loans, photovoltaic loans, green investment loans). Digital banking is delivered through ProB@nking internet banking platform and ProCredit Mobile app, with full online account opening and loan application capabilities. Business services include specialized SME financing, EU programme funding, trade financing, POS terminals, and agricultural loans. The bank emphasizes sustainability with green loans representing approximately 30% of its loan portfolio and comprehensive ESG practices.

Differentiator

Problem solved

Functional benefit

Products and services

• Consumer Loan (Потребителски кредит) Personal loan for individuals with interest rate 5.25%, amounts up to EUR 50,000, terms up to 10 years, with no application processing fee or creditworthiness fee; available via online application.
• Housing and Mortgage Loan (Жилищни и ипотечни кредити) Mortgage loan for purchasing homes with interest rate from 2.80%, terms up to 30 years, with a pre-approval option available.
• FlexFund Overdraft (Овърдрафт FlexFund) Overdraft facility providing flexible short-term credit access linked to the customer's current account.
• EcoMobility Loan (Кредит Екомобилност) Specialized green loan for purchasing electric vehicles and charging stations with a 3.95% fixed interest rate, terms up to 10 years, financing up to 100% of asset value, and no application processing fee; available for new and used EVs up to 6 years from first registration.
• Loan for Photovoltaic Installation (Кредит за фотоволтаична инсталация) Green loan for residential photovoltaic installations with battery storage, available through a fully online application process.
• FlexSave Savings Account (Безсрочна Спестовна Сметка FlexSave) Unlimited-term savings account with flexible access to funds and a 0.20% EUR interest rate.
• Term Deposit (Срочен депозит) Fixed-term deposit product in EUR/USD with minimum EUR 2,500 and tiered interest rates of 0.50% (6 months), 0.75% (12 months), 1.00% (24 months), and 1.25% (36 months).
• Smart Account (Сметка Смарт) Transaction account designed for everyday banking with integrated digital banking services.
• Standard Account (Сметка Стандарт) Basic transaction account with no monthly fee offering standard banking services.
• Generation Z Account (Сметка Генерация Z) Banking account tailored for younger Gen Z customers with features designed for that segment.
• Visa Debit Card Debit card enabling cashless payments, ATM withdrawals, and online shopping with Visa acceptance worldwide.
• Visa Credit Card Credit card offering flexible purchasing power with a credit facility and Visa acceptance.
• Visa Business Debit Card Debit card designed for business clients with features for company expense management.
• Visa Business Classic Credit Card Credit card for business clients with a credit facility for business expenses.
• Company Account (Фирмена сметка) Business checking account with special conditions for companies enabling daily banking operations.
• Business Loans (Бизнес кредити) Comprehensive lending solutions for small and medium enterprises covering various business needs, applied for online in approximately 10 minutes.
• EU Programme Financing (Кредити по Европейски програми) Business financing under European Union programmes, including InvestEU, for eligible Bulgarian SMEs.
• Trade Financing (Търговско финансиране) Trade finance solutions for import/export operations and supply chain financing.
• Green Investment Loans (Зелени кредити) Business loans for sustainable investments including energy efficiency, renewable energy, and environmentally friendly measures, with science-based criteria aligned with EU Taxonomy and EBRD standards.
• Agricultural Loans (Земеделски кредити) Specialized financing for registered agricultural producers and farming operations, including equipment, irrigation, and renewable energy investments.
• POS Terminals (ПОС терминали) Point-of-sale terminal services for business clients to accept card payments from customers.
• ProB@nking Internet Banking Proprietary online banking platform for individual and business clients combining modern design, new functionalities and high security, enabling all banking operations with no additional registration or maintenance fees.
• ProCredit Mobile Banking App Mobile banking application enabling instant transfers, credit and savings product applications, utility bill payments, and promotional product offers for individual clients.
• CO2 Calculator for Businesses Free online tool for businesses to calculate their CO2 emissions and produce reports for contractors requiring mandatory emissions reporting.

Quantifiable outcome

• 30% of loan portfolio in green loans supporting environmental investments
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• CEZ Trade Bulgaria EADcoreOthers · 1 January 2019Since 2019, ProCredit Bank procures 100% green energy from renewable sources through CEZ Trade Bulgaria EAD for its offices. This partnership supports the bank's commitment to carbon neutrality and sustainable operations.
• EBRD (European Bank for Reconstruction and Development)coreStrategic or Co-development Partner · 1 January 2006ProCredit Bank Bulgaria started working with specialized credit lines for energy efficiency jointly with the EBRD in 2006. This partnership established the foundation for green lending practices that continue to this day.
• EvrotrustcoreTechnology or IntegrationEvrotrust provides digital identification and document signing services enabling ProCredit Bank's fully online account opening and loan application processes. Customers can remotely identify themselves and sign documents using the Evrotrust mobile app.
• B-Trust MobilecoreTechnology or IntegrationB-Trust Mobile provides mobile authentication services for ProCredit Bank's digital banking platform, enabling secure confirmation of transfers and banking operations through mobile devices.
• UNEP FI (United Nations Environment Programme Finance Initiative)coreStrategic or Co-development PartnerProCredit Holding AG is a member of UNEP FI, demonstrating commitment to sustainable finance principles and environmental responsibility.
• Science Based Targets initiative (SBTi)coreStrategic or Co-development PartnerProCredit Holding joined the Science Based Targets initiative, committing to emissions reduction targets aligned with Paris Agreement goals.
• Global CompactcoreStrategic or Co-development PartnerProCredit Holding AG participates in the UN Global Compact, committing to its principles on human rights, labor, environment, and anti-corruption.
• PCAF (Partnership for Carbon Accounting Financials)coreStrategic or Co-development PartnerProCredit participates in PCAF for standardized measurement and disclosure of greenhouse gas emissions from lending and investment activities.
• 2X GlobalcoreStrategic or Co-development PartnerProCredit participates in 2X Global initiative supporting gender equality through financing decisions.
• Financial Alliance for WomenminorStrategic or Co-development PartnerProCredit Group joined the Financial Alliance for Women, supporting women's economic empowerment and financial inclusion.

Scale indicators10 records

Recent moves5 records

Expansion highlights6 records

Broad incumbents

• Postbank (Eurobank Group): Bulgarian retail-focused bank under Eurobank Group umbrella, with consumer loans, mortgages, and cards. Comparable retail banking customer base and product overlap with ProCredit's individual customer segment.
• UniCredit Bulbank: Largest bank in Bulgaria, part of UniCredit Group, offering retail and corporate banking across the country. Direct competitor to ProCredit in MSME lending and consumer/housing loans, with significantly larger scale and broader product set.
• DSK Bank: One of Bulgaria's largest banks, owned by OTP Group, serving retail and SME clients with a broad branch and digital network. Comparable in MSME focus and consumer loan offerings, with much larger market share.
• Eurobank Bulgaria: Subsidiary of Eurobank Group offering retail and SME banking in Bulgaria. Comparable in MSME focus and Greek connection, competing in both retail consumer lending and business banking segments.
• United Bulgarian Bank (UBB): Major Bulgarian commercial bank part of KBC Group, serving retail and corporate clients. Direct peer with full retail/MSME product suite and large digital banking platform competing for the same MSME segment.
• First Investment Bank (Fibank): Bulgarian universal bank offering retail and corporate banking with growing focus on green and SME financing. Comparable in mid-sized commercial banking profile competing for the same MSME and consumer credit customers.

Regional players

• Allianz Bank Bulgaria: Part of Allianz Group, offering retail and commercial banking in Bulgaria. Comparable in product mix (consumer loans, mortgages, business banking) though with insurance-banking bundling as a differentiator.
• Piraeus Bank Bulgaria: Greek-owned Bulgarian bank offering retail and SME banking. Comparable cross-border Balkan banking model with focus on consumer lending and MSME clients; part of Piraeus Group operating in Greece and Bulgaria.

Direct peers

• Bulgarian Development Bank: State-owned development bank focused on supporting Bulgarian SMEs with EU programme financing, green investments, and agricultural lending. Directly comparable to ProCredit in MSME green finance mandate and EU programme on-lending.

Emerging players

• Municipal Bank (Obshtinska Banka): Bulgarian bank with municipal government ownership, focused on serving local businesses and municipalities. Niche peer with overlapping MSME and small business lending focus, though smaller and less digitally advanced than ProCredit.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/procreditbankbg
• Facebookfacebook.com/procreditbulgaria
• LinkedInlinkedin.com/company/procredit-bank-bulgaria-
• Instagraminstagram.com/procreditbankbulgaria

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about ProCredit Bank Bulgaria