Central Cooperative Bank AD

Central Cooperative Bank AD is a universal bank, offering retail and corporate banking products and services to its customers.

Financials

Total Assets (2017)
5 411.30 mln BGN  (+8.88%)
Net Income (2017)
35.83 mln BGN  (+35.36%)

Central Cooperative Bank AD is the 8th largest bank in Bulgaria in terms of total assets. In 2017 its total assets were 5 411,30 mln BGN, providing the bank with the market share of 5.53%. In 2017 the bank's net income was 35,83 mln BGN.

Central Cooperative Bank AD participates in deposit guarantee scheme of Bulgaria. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

87, Tsarigradsko Shosse Blvd., 1113, Sofia, Bulgaria

Central Cooperative Bank AD is headquartered in Sofia.

Bank Identifiers

BIC (SWIFT)
CECBBGSF
MFI ID
BGCECB9790

Financial Positions

Total Assets (2017)
5 411.30 mln BGN  (+8.88%)
Total Equity (2017)
460.70 mln BGN  (+10.10%)

In 2017 total assets of Central Cooperative Bank AD were 5 411.30 mln BGN. Growth compared to the previous period (2016) was 8.88%. The evolution of the total assets of Central Cooperative Bank AD is shown at Chart 1 below.

Total Assets of Central Cooperative Bank AD.

Chart 1. Total Assets of Central Cooperative Bank AD.

Recent changes in total assets of Central Cooperative Bank AD and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 1 332.9 1 845.7 +38.48%
Loans 2 591.8 2 644.0 +2.02%
Total Assets 4 969.9 5 411.3 +8.88%
Table 1. Recent changes in total assets of Central Cooperative Bank AD (mln BGN).

Recent changes in total liabilities of Central Cooperative Bank AD and its main components are shown in Table 2.

2016 2017 % change
Deposits 4 540.0 4 937.8 +8.76%
Total Liabilities 4 969.9 5 411.3 +8.88%
Table 2. Recent changes in total liabilities of Central Cooperative Bank AD (mln BGN).

Profit and Loss

Net Income (2017)
35.83 mln BGN  (+35.36%)

Recent changes in gross profit of Central Cooperative Bank AD and its main components are shown in Table 3.

2016 2017 % change
Interest Income 150.1 144.8 -3.54%
Interest Charges -39.8 -26.0 -34.79%
Commission Income 50.5 52.3 +3.63%
Commission Charges -7.2 -8.3 +15.58%
Table 3. Recent changes in gross profit of Central Cooperative Bank AD (mln BGN).

In 2017 net income of Central Cooperative Bank AD was 35.83 mln BGN. Growth compared to the previous period (2016) was 35.36%. The evolution of the net income of Central Cooperative Bank AD is shown at Chart 2 below.

Net Income of Central Cooperative Bank AD.

Chart 2. Net Income of Central Cooperative Bank AD.

Market Share and Rank (among banks in Bulgaria)

Total Assets (2017)
8th (market share 5.53%)
Loans (2017)
9th (market share 4.43%)
Deposits (2017)
8th (market share 5.86%)

In 2017 Central Cooperative Bank AD was ranked the 8th largest bank in Bulgaria in terms of total assets, having 5.53% of the domestic market share.

Market share of Central Cooperative Bank AD (among banks in Bulgaria)

Chart 3. Market share of Central Cooperative Bank AD (among banks in Bulgaria)

Several banks having the market shares and ranks closest to Central Cooperative Bank AD are shown below.

RankNameTotal AssetsMarket Share
7 Societe General Expressbank AD6430.31 mln BGN6.57%
8 Central Cooperative Bank AD5411.30 mln BGN5.53%
9 CIBANK JSC3619.81 mln BGN3.70%
 

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 Central Cooperative 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 Central Cooperative Bank AD and its components are shown in the table below.

BIC  CECBBGSF
Bank BIC Code  CECB
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 Central Cooperative Bank AD is shown in the table below.

MFI ID  BGCECB9790

European Presence: 3 banks in 3 countries

Central Cooperative Bank AD operates under the brand name Central Cooperative Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Bulgaria

  •  (this bank) Central Cooperative Bank AD (Sofia)

Cyprus

Macedonia