In order to best meet the requirements of the Bulgarian market BACB purposefully gathered a highly qualified, dynamic and innovative team of loan specialists who provide solutions to the specific issues of the customers and keep on enhancing their methods according to the changes and the development of the economic environment in the country.
As a result of the invested efforts BACB strengthened its dynamic and innovative vision by being the first bank in Bulgaria to offer a network of mobile lending consultants; the first bank to offer hotel loans; the first bank in Bulgaria to issue mortgage bonds. According to the official statistics of BNB BACB has always been among the leaders in return on assets and return on equity in the Bulgarian banking sector in recent years.
The rest is history, facts, dates, many figures all showing one thing – BACB is a leader in the credit market with a clear focus, innovative solutions for every client, strong motivation and belief in every approved project and emphasized affinity to the innovative and enterprising spirit of the representatives of the small and medium sized businesses. In a nutshell, BACB is here to find the best solution for each individual investment problem, to provide an opportunity for every innovative idea, to make real every bold business program.
Today BACB is defined as innovative, dynamic, targeted, supporting the bold ideas bank offering the best individual solutions for its customers. With its activity BACB strengthens its leading position in financing the small and medium sized businesses.
BACB is a specialist provider of secured finance to small- and medium-sized businesses ("SMEs") in Bulgaria, with specific lending programs for financing SME companies in a variety of industries and companies in tourism and construction sectors. Based on statistics published by the BNB, at 31 December 2008, the Bank was the 19th largest bank in Bulgaria on the basis of total assets, the 13th largest in terms of total capital. BACB is among the most profitable Bulgarian banks by ROA and ROE in the last few years.
Focused player in Bulgaria BACB's strategy is to maintain sustained and profitable growth of its asset base, while maintaining low operating costs and leveraging its lending expertise through continued focus on SME business rather than competing with larger banks for retail or large corporate customers.