Bulgarian bank acquires a foreign financial institution for the first time

The Bulgarian National Bank (BNB) has approved the acquisition of Tokuda Bank by the Bulgarian-American Credit Bank (BACB), following coordination with the requirements of the European Central Bank (ECB), the BNB announced.

According to Tsvetelina Borislavova, Chair of the Supervisory Board of BACB, the acquisition of Tokuda Bank will not significantly change BACB’s position in the Bulgarian banking system, but represents a step toward market consolidation.

“In fact, the very important point is that a Bulgarian bank, with majority Bulgarian ownership, is acquiring a foreign bank - this is the first time,” Borislavova told BTA.

She added that the acquisition will be finalized at the beginning of 2026 and expressed pride that BACB has managed to go through all the complex procedures and meet the ECB’s requirements for approving the deal.

Edited by Ivo Ivanov
English version: R. Petkova