Procredit Bank (bulgaria) Ead

What Procredit Bank (bulgaria) Ead does

ProCredit Bank (Bulgaria) EAD is a commercial bank headquartered in Sofia, Bulgaria, founded in October 2001 as part of the German ProCredit Group's expansion into South-Eastern and Eastern Europe. The entity is 100% owned by ProCredit Holding AG, a publicly listed Frankfurt-based holding company supervised on a consolidated basis by BaFin and the Bundesbank, which provides the bank with access to EU-grade regulatory standing and EU financing programmes (InvestEU/EIF, EBRD, National Guarantee Fund).

The bank serves two primary customer segments: retail individuals and micro, small, and medium enterprises (MSMEs), the latter being its distinctive focus. The retail offering spans consumer loans (5.25%, up to EUR 50,000, up to 10 years), housing mortgages (from 2.80%, up to 30 years), green e-mobility loans (3.95%), FlexFund overdrafts, FlexSave and term deposits, and Smart/Standard/Generation Z accounts plus Visa debit and credit cards. The MSME offering includes business loans, framework agreements up to 120 months, agricultural loans (including subsidy-backed), trade finance (guarantees, documentary credits), green investment loans, merchant POS terminals, and a CO2 calculator. Approximately 30% of the credit portfolio is in green loans and the bank's own fleet is 85% electrified, reflecting a strong ESG positioning that has earned 7 awards over the past two years.

Distribution is hybrid: a physical branch and 24/7 zone network in Bulgaria is combined with a digital platform consisting of ProB@nking internet banking, ProCredit Mobile (iOS/Android), a PSD2-compliant API portal, and Evrotrust/B-Trust Mobile-powered fully digital onboarding. Revenue is generated predominantly through net interest income on the loan book and complemented by fee and commission income from payment services, cards, and FX; account maintenance and term deposit spreads contribute secondary streams. At the Group level, FY 2025 reported net interest income of EUR 353.0 million, net fee and commission income of EUR 96.6 million (+5.5% year-on-year), and a group result of EUR 83.5 million (7.8% RoE) on a 13.1% CET1 capital base, with a medium-term RoE target of 13–14%.

Name

Procredit Bank (bulgaria) Ead

Legal name

ProCredit Bank (Bulgaria) EAD

Website

https://procreditbank.bg

Company type

Private

Founded year

2001

Operating status

Operating

Short description

ProCredit Bank (Bulgaria) EAD is a Sofia-based commercial bank founded in 2001, serving retail individuals and micro/small/medium enterprises in Bulgaria with digital-first loans, deposits, accounts, cards, and EU-programme business financing through mobile, online, and branch channels.

Ownership category

akta.pro rank

Headquarters

HQ city

Sofia

HQ country

Bulgaria

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: ProCredit Bank generates the majority of its revenue from interest income on its loan portfolio, including consumer loans, housing mortgages, business loans, agricultural loans, and green loans. Interest is paid by borrowers on outstanding principal balances. The group reported net interest income of EUR 353.0 million in FY 2025 (group-level). Deposit rates and lending rates are published in the bank's interest rate bulletins.
2. Fee and Commission Income: The bank earns fees from payment services (domestic and international transfers, ProPay transfers), card transactions, POS terminal services, and foreign exchange operations. Net fee and commission income at group level was EUR 96.6 million in FY 2025, growing 5.5% year-on-year driven by transactional banking revenue and FX business.
3. Savings and Current Account Fees: Monthly account maintenance fees, with certain accounts (e.g., Smart Account, Standard Account) offering fee-free periods or promotions. Interest rate changes for term deposits and FlexSave savings accounts are published regularly.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels10 records

Core offering

ProCredit Bank (Bulgaria) EAD is a commercial bank operating in Bulgaria, providing retail banking products and services to individual clients and banking/lending products to micro, small and medium-sized enterprises (MSMEs). The bank offers deposit products, current and savings accounts, payment cards, consumer loans, housing loans, green/energy-efficiency loans, and business loans, delivered through a network of physical branches complemented by internet banking, a mobile application, and PSD2-compliant open banking APIs.

Product overview

ProCredit Bank (Bulgaria) EAD is a development-oriented bank offering a comprehensive portfolio of banking products and services through both a traditional branch network and digital channels (internet banking, mobile app). The product portfolio spans retail banking (consumer loans, housing loans, green loans, overdrafts, savings accounts, term deposits, current accounts, domestic and international transfers, debit/credit cards, Apple Pay, Google Pay) and business banking (business loans, EU programme financing, trade financing, green business loans, agricultural loans, merchant services via POS terminals, CO2 calculator). Digital services include ProCredit Mobile (iOS/Android), Internet Banking ProB@nking, digital account opening, and online loan applications. The bank emphasizes sustainability with ESG-focused products, including 30% of its loan portfolio in green credits.

Differentiator

Problem solved

Functional benefit

Brands

• ProCredit Mobile: Mobile banking application enabling instant transfers, credit and savings product applications, bill payments, and receiving promotional offers
• ProB@nking
• FlexSave
• FlexFund
• ProPay
• Smart Account
• Generation Z Account

Products and services

• Consumer Loans
• Housing Loans
• Green Loans
• Current Accounts
• Savings Accounts
• Payment Cards (Debit and Credit)
• Business Loans for MSMEs
• Internet Banking
• Mobile Banking Application
• PSD2 Open Banking API

Quantifiable outcome

• 30% of credit portfolio is green loans, demonstrating environmental impact at scale.
• +6 more outcomes

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• EvrotrustcoreTechnology or IntegrationEvrotrust provides electronic identity verification and digital document signing services enabling ProCredit Bank to offer fully remote account opening and loan application processes. Clients can sign contracts and complete KYC procedures entirely online without visiting a physical branch.
• B-Trust MobilecoreTechnology or IntegrationB-Trust Mobile provides digital confirmation and authentication services for ProCredit Bank's online banking platform, enabling secure login and transaction confirmation for internet and mobile banking users.
• School for Every Child AssociationminorOthersProCredit Bank supports the 'School for Every Child' non-profit association, which aims to provide equal access to modern and quality education for children from disadvantaged social and financial backgrounds in Bulgaria.
• PROtegni Raka AssociationminorOthersFounded by ProCredit Bank employees, the 'PROtegni Raka' (Extend a Hand) Association provides financial assistance for the treatment of sick children up to age 18 from socially disadvantaged families. The bank and its clients participate through voluntary monthly donations.
• Deposit Insurance Fund (BDIF/DIF)minorOthersThe Bulgarian Deposit Insurance Fund guarantees customer savings up to EUR 100,000 per depositor per bank, providing institutional protection that underpins trust in ProCredit Bank's deposit products.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Eurobank Bulgaria: Bulgarian arm of the Eurobank Group (also operating through Postbank), serving retail and SME customers nationwide with a multi-channel banking model. Directly competes for MSME and retail deposits/loans.
• DSK Bank: Major Bulgarian commercial bank owned by OTP Group, serving retail and SME clients with a comparable product set (accounts, cards, mortgages, business loans) and a digital transformation focus.
• Central Cooperative Bank (CCB): Bulgarian commercial bank with a broad retail and SME footprint, including agricultural lending and EU programme distribution. Direct competitor in MSME and agricultural credit segments.
• UniCredit Bulbank: Largest commercial bank in Bulgaria by assets, offering full-service retail, MSME, and corporate banking with a similar nationwide branch and digital channel footprint. Direct competitor for both retail deposits and MSME lending.
• Raiffeisenbank Bulgaria: Bulgarian subsidiary of Raiffeisen Bank International, providing retail, SME, and corporate banking. Direct peer via shared Austrian/Central European ownership heritage and full-service commercial banking model.
• Bulgarian Development Bank: State-owned development bank in Bulgaria focused on SME financing, often channelling EU and national guarantee programmes to end borrowers. Comparable MSME focus and overlap in EU programme intermediation.
• First Investment Bank (Fibank): Bulgarian commercial bank with a balanced retail and SME franchise, offering similar lending, deposits, cards, and digital services. Comparable in customer segments and product breadth.
• KBC Bank Bulgaria: Bulgarian operation of KBC Group (Belgium) focused on retail and SME segments with strong digital banking. Comparable MSME and retail customer base and digital-first product strategy.

Broad incumbents

• ProCredit Holding AG: Frankfurt-listed parent of ProCredit Bank Bulgaria and sister banks across SEE/Eastern Europe. Operates the same development-oriented MSME banking model at group level, providing the regulatory and capital framework that underpins the Bulgarian entity.

Others

• InvestEU / European Investment Fund: EU-level programme partner that provides preferential funding and guarantees to partner banks like ProCredit for MSME and sustainability lending. Adjacent ecosystem participant rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 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

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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) Ead