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Central Cooperative Bank AD (Bulgaria)

Main Activities: Commercial Banking
Full name: Central Cooperative Bank AD Profile Updated: June 04, 2019
Buy our report for this company USD 29.95 Most recent financial data: 2018 Available in: English & Bulgarian Download a sample report

Central Cooperative Bank (CCB) was founded in 1991 by the Central Cooperative Union, district cooperative unions and other companies. It was established to support the development of co-operation organisations in the country.
The bank is a public company and its shares are offered for secondary trade on the official market of the Bulgarian stock exchange. In October 2001, Bulgaria offered for sale a 32.77% state stake in Central Cooperative Bank through a sealed bid procedure as part of pledges to sell major state assets rapidly to fund its economic programme. Private Bulgarian trading company Chimimport was the sole bidder for the stake in CCB, offering BGN 6.0 million. Another major shareholder in CCB at the time of the sale was the Central Cooperative Union, which held 23.45%.
In February 2008, CCB bought a 62.57% stake in Macedonian private commercial bank Sileks Bank, following a successful takeover bid.

Headquarters
87 Tsarigradsko shose Blvd.
Sofia; Sofia - city; Postal Code: 1113

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Website: http://www.ccbank.bg/

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
March 28, 1991
Key Executives
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Executive Director and Member of the Management Board
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Executive Director and Member of the Management Board
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Executive Director and Member of the Management Board
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Member of the Management Board
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Member of the Management Board
Ownership Details
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68.56%
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6.61%
Subsidiaries
CCB Assets Management EAD
100%
Central Cooperative Bank AD Skopje (North Macedonia)
87.35%
CEZ Electro Bulgaria AD
9.92%
Company Performance
Financial values in the chart are available after Central Cooperative Bank AD report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BGN. Absolute financial data is included in the purchased report.
Net interest income
10.05%
Net fee and commission income
6.16%
Operating profit (EBIT)
9.95%
Net Profit (Loss) for the Period
46.13%
Total assets
5.36%
Total equity
18.72%
Total Assets Trend
-1.71%
Net Interest Income Trend
N/A
Cost to Income Ratio
-0.82%

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