Created by Anna Mileiko 
Central Cooperative Bank AD was founded in 1991 by Central Cooperative Union, regional cooperative unions and 1100 cooperative organizations to controbute to the development of cooperative system in Bulgaria. Central Cooperative Bank AD is a universal commercial bank offering a full range of services in financial intermediation, focusing on financing small and medium-sized businesses and retail banking.
In 2023, Central Cooperative Bank AD achieved the position of 6th largest bank in Bulgaria with a market share of 4.76%; its total assets grew by 5.14%.
Additionally, the bank became the 20th profitable bank in relation to its total assets showcasing 1.06% return on assets and 12.19% return on equity in 2023.
Also the lender held the 19th position regarging its loans-to-deposits (L/D) registering 67.12% L/D ratio in 2023.
Deposits up to 100,000 EUR are covered by Bulgarian deposit guarantee scheme in Central Cooperative Bank AD.
BGN (Bulgarian lev)
Becoming a client of Central Cooperative Bank AD can be done in a few steps:
Central Cooperative Bank AD performs client's identity verification via branch visit.
branch
online banking
mobile app
Bulgarian Stock Exchange (XBUL)
Central Cooperative Bank AD ranks as the 6th largest bank in Bulgaria by total assets. In 2023 its total assets were 8,186.73 mln BGN, representing a 4.76% market share. In 2023 the bank's net income was 84.98 mln BGN.
Bulgarian Deposit Insurance Fund (BDIF)Central Cooperative Bank AD protects deposits up to up to 100,000 EUR per depositor through Bulgaria's deposit guarantee scheme. The scheme applies to all funds on a bank account made by natural persons (Bulgarian and foreign), legal entities (Bulgarian and foreign). The bank participates in the Bulgarian Deposit Insurance Fund (BDIF), making regular contributions into it.
87, Tsarigradsko Shosse Blvd., 1113, Sofia, BulgariaCentral Cooperative Bank AD is headquartered in Sofia.
Central Cooperative Bank AD has profiles at the following social networks:
Central Cooperative Bank AD is authorized and supervised by the Bulgarian National Bank (reference number 790).
BGNMasterCardCentral Cooperative Bank AD provides products and services in the areas of retail banking, business banking. Central Cooperative Bank AD offers a range of products including current accounts, savings accounts, time deposit accounts, debit cards, credit cards, consumer loans, mortgage loans, overdraft loans, mutual funds. Central Cooperative Bank AD offers several money transfer options including Western Union, EasyPay.
Opening an account with Central Cooperative Bank AD can be done by performing the following steps: visit bank branch.
Central Cooperative Bank AD performs identity verification using branch visit.
branch online banking mobile appProducts and services offered by Central Cooperative Bank AD are available at its branches and via its online banking system, mobile application.
Bulgarian
EnglishIn 2023 total assets of Central Cooperative Bank AD were 8,186.73 mln BGN. Growth compared to the previous period (2022) was 5.14%. The evolution of the total assets of Central Cooperative Bank AD is shown at Chart 1 below.
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.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Cash and deposits with Central Banks | 2,019.2 | 2,101.5 | +4.08% |
| Loans | 4,869.9 | 4,974.5 | +2.15% |
| Total Assets | 7,786.3 | 8,186.7 | +5.14% |
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.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Deposits | 7,133.2 | 7,411.4 | +3.90% |
| Total Liabilities | 7,786.3 | 8,186.7 | +5.14% |
Table 2. Recent changes in total liabilities of Central Cooperative Bank AD (mln BGN).
Recent changes in gross profit of Central Cooperative Bank AD and its main components are shown in Table 3.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Interest Income | 135.0 | 187.2 | +38.64% |
| Interest Charges | -8.3 | -3.1 | -62.42% |
| Commission Income | 73.7 | 74.7 | +1.26% |
| Commission Charges | -19.0 | -21.2 | +11.41% |
Table 3. Recent changes in gross profit of Central Cooperative Bank AD (mln BGN).
In 2023 net income of Central Cooperative Bank AD was 84.98 mln BGN. Growth compared to the previous period (2022) was 130.60%. The evolution of the net income of Central Cooperative Bank AD is shown at Chart 2 below.
Chart 2. Net Income of Central Cooperative Bank AD.
In 2023 Central Cooperative Bank AD was ranked the 6th largest bank in Bulgariain terms of total assets, having 4.76% of the domestic market share. Central Cooperative Bank AD also became # 6 in terms of loans (market share - 4.11%), # 6 in terms of deposits (market share - 4.94%).
Chart 3. Market share of Central Cooperative Bank AD (among banks in Bulgaria)
Historical changes in Central Cooperative Bank AD's domestic rank and market share over 2019-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 6 | 4.76 % |
| 2022 | 7 | 5.01 % |
| 2021 | 7 | 5.45 % |
| 2020 | 7 | 5.36 % |
| 2019 | 8 | 5.35 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to Central Cooperative Bank AD listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 5 |  | 8.07% | 13,888.90 mln BGN (+9.24%) |
| 6 | | 4.76% | 8,186.73 mln BGN (+5.14%) |
| 7 |  | 2.43% | 4,175.87 mln BGN (+11.54%) |
Discover key identifiers of Central Cooperative Bank AD including its BIC, LEI, MFI ID.
BIC: CECBBGSF
The BIC (also known as SWIFT code) for Central Cooperative Bank AD is CECBBGSF. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | CECBBGSF |
| Bank BIC Code | CECB |
| Country Code | BG (Bulgaria) |
| Location Code | SF |
| Branch Code | - |
LEI: 5299002142DS5ONT5540
Central Cooperative Bank AD’s LEI is 5299002142DS5ONT5540. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.
| Key | Value |
|---|---|
| LEI | 5299002142DS5ONT5540 |
| LOU Identifier | 5299 |
| Reserved | 00 |
| Entity Identifier | 2142DS5ONT55 |
| Verification ID | 40 |
MFI ID: BGCECB9790
Central Cooperative Bank AD’s MFI ID, BGCECB9790, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Bulgaria (BG), followed by the institutions's internal ID.
| Key | Value |
|---|---|
| MFI ID | BGCECB9790 |
| Country Code | BG |
| MFI Code | CECB9790 |
TheBanks.eu identified several banks similar to Central Cooperative Bank AD based on various criteria, including:
