ProCredit Bank (Bulgaria) EAD (Bulgaria)

Address

26, Todor Alexandrov Blvd., 1303, Sofia, Bulgaria

BIC

PRCBBGSF

Overview

Business Focus

SME lending

ProCredit Bank (Bulgaria) EAD is a member of ProCredit Group, a financial group headquartered in Germany and consisting of 13 banks operating in developing countries of Eastern Europe and Latin America. The group's business focus is providing lending products to small- and medium-sized companies. ProCredit Group also provides a range of retail banking products to natural persons.

ProCredit Bank (Bulgaria) EAD operates as a subsidiary of ProCredit Bank AG (Germany).

Performance

In 2023, ProCredit Bank (Bulgaria) EAD achieved the position of 7th largest bank in Bulgaria with a market share of 2.43%; its total assets grew by 11.54%.

Additionally, the bank became the 14th profitable bank in relation to its total assets showcasing 1.62% return on assets and 16.04% return on equity in 2023.

Also the lender held the 12th position regarging its loans-to-deposits (L/D) registering 78.94% L/D ratio in 2023.

Deposit Protection

Deposits up to 100,000 EUR are covered by Bulgarian deposit guarantee scheme in ProCredit Bank (Bulgaria) EAD.

Market Share (#7 in Bulgaria)

Market Share of ProCredit Bank (Bulgaria) EAD

Ratios

RoA

1.62%

RoE

16.04%

L/D

78.94%

Services

retail banking

business banking

Products

current accounts

debit cards

savings accounts

time deposit accounts

company accounts

international payments

credit lines to finance working capital

amortization loans

annuity term loans

bank guarantees

Account Currencies

BGN (Bulgarian lev)

Card Providers

International Transfers

SWIFT Transfers

SEPA Credit Transfers

SEPA Instant Transfers

SEPA Direct Debits

SEPA Direct Debits B2B

Ways to Bank

ProCredit Bank (Bulgaria) EAD delivers its products and services through both direct and indirect channels, namely:

branch

online banking

Financials

Total Assets of ProCredit Bank (Bulgaria) EAD

Net_income of ProCredit Bank (Bulgaria) EAD

Total Assets (2023)

4,175.87 mln BGN (+11.54%)

Net Income (2023)

63.98 mln BGN (+61.10%)

ProCredit Bank (Bulgaria) EAD is the 7th largest bank in Bulgaria in terms of total assets. In 2023 its total assets were 4 175,87 mln BGN, providing the bank with the market share of 2.43%. In 2023 the bank's net income was 63,98 mln BGN.

Credit Ratings

Fitch: BBB-

AAA

AA+, AA, AA-

A+, A, A-

BBB+, BBB, BBB-

BB+, BB, BB-

B+, B, B-

CCC, CC, C, RD, D

Moodys: -

Aaa

Aa1, Aa2, Aa3

A1, A2, A3

Baa1, Baa2, Baa3, Baa4

Ba1, Ba2, Ba3

B1, B2, B3

Caa1, Caa2, Caa3, Ca

ProCredit Bank (Bulgaria) EAD is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality).

Deposit Guarantee

Guarantee Fund

Bulgarian Deposit Insurance Fund (BDIF)

Protected Amount

up to 100,000 EUR

Eligible Depositors

natural persons (Bulgarian and foreign)
legal entities (Bulgarian and foreign)

Covered Accounts

all funds on a bank account

ProCredit Bank (Bulgaria) EAD participates in the deposit guarantee scheme of Bulgaria which applies to all funds on a bank account made by natural persons (Bulgarian and foreign), legal entities (Bulgarian and foreign) and covers up to up to 100,000 EUR per bank per depositor. ProCredit Bank (Bulgaria) EAD is a member of Bulgarian Deposit Insurance Fund (BDIF) and makes its contributions into it.