Credit Agricole Bulgaria was initailly established in 1994 under the Bulgarian Investment Bank (BIB) name. The activity of the bank is organized in four business lines: retail banking, corporate banking, treasury activities and cross border business development with Credit Agricole group companies. BIB was set up in 1994 as the first investment project of the European Bank for Reconstruction and Development (EBRD) in the Bulgarian banking sector. Initially, EBRD held 46% of the shares, five local commercial banks controlled 30%, Banque Nationale de Paris held 5.0% and the Commercial Bank of Greece had 17.7%. By 1999, the Commercial Bank of Greece and its subsidiary Commercial Venture Ltd-Bulgaria had jointly acquired some 89% of BIB's capital of USD 5.3 million after a capital rise and exiting by other shareholders. Greek Emporiki Bank, former Commercial Bank of Greece, increased its stake in the Bulgarian bank to 99.88% from 99.22% in January 2004. In January 2004, the bank was renamed into Emporiki Bank – Bulgaria. In 2012, following the restructuring process of Credit Agricole in Eastern Europe, the ownership of the Bulgarian unit was transferred from the Greek subsidiary - Emporiki Bank, to the French parent. The lender operates branches in the towns of Sofia, Vratsa, Pleven, Veliko Tarnovo, Ruse, Varna, Burgas, Sliven, Stara Zagora, Plovdiv and Blagoevgrad.
4 Layosh Koshut Str.
Sofia; Sofia - city; Postal Code: 1000
Contact Details: Purchase the Commercial Bank Victoria EAD report to view the information.
EMIS company profiles are part of a larger information service which combines company, industry and country data and analysis for over 145 emerging markets.Request a demo of the EMIS service
To view more information, Request a demonstration of the EMIS service