Bulgarian-American Credit Bank AD

Bulgarian-American Credit Bank was founded in 1996 by the Bulgarian American Enterprise Fund (BAEF). The primary aim of BAEF is to support the entrepreneurship in former communist countries from Central and Eastern Europe. Bulgarian-American Credit Bank provides products and services in retail and corporate banking.

Services

Retail Banking
Corporate Banking

Products

Financials

Total Assets (2017)
1 240.14 mln BGN  (+15.76%)
Net Income (2017)
7.87 mln BGN  (+30.70%)

Bulgarian-American Credit Bank AD is the 17th largest bank in Bulgaria in terms of total assets. In 2017 its total assets were 1 240,14 mln BGN, providing the bank with the market share of 1.27%. In 2017 the bank's net income was 7,87 mln BGN.

Bulgarian-American Credit Bank AD participates in deposit guarantee scheme of Bulgaria. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

2, Slaviaynska Str., 1000, Sofia, Bulgaria
(+359 2) 9658 358; (+359 2) 9658 345
(+359 2) 944 5010

Bulgarian-American Credit Bank AD is headquartered in Sofia.

Bank Identifiers

BIC (SWIFT)
BGUSBGSF
MFI ID
BGBGUS9160

Business Summary

Services
retail banking
corporate banking
Products
current accounts
escrow accounts
savings accounts (0.01 - 0.01 %)
time deposit accounts (1.00 - 1.00 %)
debit cards
credit cards
business cards
consumer loans
mortgage loans
business loans

Bulgarian-American Credit Bank AD provides products and services in the areas of retail banking, corporate banking. The range of products offered by Bulgarian-American Credit Bank AD includes current accounts, escrow accounts, savings accounts (0.01 - 0.01 %), time deposit accounts (1.00 - 1.00 %), debit cards, credit cards, business cards, consumer loans, mortgage loans, business loans.

Products

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

Savings accounts made with Bulgarian-American Credit Bank AD are covered by deposit guarantee scheme of Bulgaria up to 100 000 EUR per depositor. Bulgarian-American Credit Bank AD offers the following savings accounts.

Updated on 21 April 2018

Flexgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term (months)
1 - 99
Savings Account Details
Product Name
Flexgeld
Account Currency
EUR
Interest Rate (p.a.)
0.01 %
Deposit Term (months)
1 - 99
Investment Amount
10000 - 100000 EUR
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Time deposit accounts made with Bulgarian-American Credit Bank AD are covered by deposit guarantee scheme of Bulgaria up to 100 000 EUR per depositor. Bulgarian-American Credit Bank AD offers the following time deposit accounts.

Updated on 21 April 2018

Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
1.00 %
Deposit Term (months)
12
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
1.00 %
Deposit Term (months)
12
Investment Amount
10000 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
1.00 %
Deposit Term (months)
18
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
1.00 %
Deposit Term (months)
18
Investment Amount
10000 - 100000 EUR
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Financial Positions

Total Assets (2017)
1 240.14 mln BGN  (+15.76%)
Total Equity (2017)
176.32 mln BGN  (+5.81%)

In 2017 total assets of Bulgarian-American Credit Bank AD were 1 240.14 mln BGN. Growth compared to the previous period (2016) was 15.76%. The evolution of the total assets of Bulgarian-American Credit Bank AD is shown at Chart 1 below.

Total Assets of Bulgarian-American Credit Bank AD.

Chart 1. Total Assets of Bulgarian-American Credit Bank AD.

Recent changes in total assets of Bulgarian-American Credit Bank AD and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 108.8 220.3 +102.53%
Loans 729.1 800.7 +9.81%
Total Assets 1 071.3 1 240.1 +15.76%
Table 1. Recent changes in total assets of Bulgarian-American Credit Bank AD (mln BGN).

Recent changes in total liabilities of Bulgarian-American Credit Bank AD and its main components are shown in Table 2.

2016 2017 % change
Deposits 900.0 1 060.0 +17.77%
Total Liabilities 1 071.3 1 240.1 +15.76%
Table 2. Recent changes in total liabilities of Bulgarian-American Credit Bank AD (mln BGN).

Profit and Loss

Net Income (2017)
7.87 mln BGN  (+30.70%)

Recent changes in gross profit of Bulgarian-American Credit Bank AD and its main components are shown in Table 3.

2016 2017 % change
Interest Income 38.1 39.1 +2.54%
Interest Charges -11.4 -10.1 -11.28%
Commission Income 5.6 6.1 +9.19%
Commission Charges -0.4 -0.3 -1.98%
Table 3. Recent changes in gross profit of Bulgarian-American Credit Bank AD (mln BGN).

In 2017 net income of Bulgarian-American Credit Bank AD was 7.87 mln BGN. Growth compared to the previous period (2016) was 30.70%. The evolution of the net income of Bulgarian-American Credit Bank AD is shown at Chart 2 below.

Net Income of Bulgarian-American Credit Bank AD.

Chart 2. Net Income of Bulgarian-American Credit Bank AD.

Market Share and Rank (among banks in Bulgaria)

Total Assets (2017)
17th (market share 1.27%)
Loans (2017)
15th (market share 1.34%)
Deposits (2017)
17th (market share 1.26%)

In 2017 Bulgarian-American Credit Bank AD was ranked the 17th largest bank in Bulgaria in terms of total assets, having 1.27% of the domestic market share.

Market share of Bulgarian-American Credit Bank AD (among banks in Bulgaria)

Chart 3. Market share of Bulgarian-American Credit Bank AD (among banks in Bulgaria)

Several banks having the market shares and ranks closest to Bulgarian-American Credit Bank AD are shown below.

RankNameTotal AssetsMarket Share
16 International Asset Bank AD1372.05 mln BGN1.40%
17 Bulgarian-American Credit Bank AD1240.14 mln BGN1.27%
18 Citibank Europe plc, Bulgaria Branch855.58 mln BGN0.87%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Bulgaria are obliged to participate in Bulgarian deposit guarantee scheme.

In the case of Bulgarian-American Credit Bank AD failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  all funds on a bank account (term deposit, demand deposit, savings or current account, etc)
Covered Currencies  all
Maximum Protected Amount  100 000 EUR
Paid In Currency  BGN

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Bulgarian-American Credit Bank AD and its components are shown in the table below.

BIC  BGUSBGSF
Bank BIC Code  BGUS
Country Code  BG (Bulgaria)
Location Code  SF
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Bulgarian-American Credit Bank AD is shown in the table below.

MFI ID  BGBGUS9160