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Corporate Commercial Bank AD - bankrupt

Summary

Company ID (NIN)

831184677

Company owner / manager

Country

Bulgaria

Capital

65,517,000

Total assets

1,834,522,000

Net loss for the period

-4,268,774,000

Report year

2014

Currency

BGN

Industry

Banking

General information

About Corporate Commercial Bank AD - bankrupt

Corporate Commercial Bank AD is a Bulgarian universal commercial bank.


Last updated on June 11, 2019.

Meta info
Status
Bankrupt
Legal form
Joint Stock Company
Incorporation date
May 6, 1994
NIN
831184677
Tickers
Stock Exchange
ISIN
Profile last updated
June 11, 2019, 10:37 a.m.
Alternative names

    Corporate Commercial Bank JSC;
    Korporativna Targovska Banka AD;
    CCB AD;
    KTB AD

History

    1988 - Bulgarian state-owned Bulgarian Foreign Trade Bank AD and USSR national bank Vnesheconombank establish the financial company Bulgarsovinvest.

    May 6, 1994 - Bulgarsovinvest transforms into Corporate Commercial Bank (CCB) AD. CCB AD received a bank licence, issued by the Bulgarian National Bank, on Jan 21, 1994.

    1996 - Bulbank AD (former Bulgarian Foreign Trade Bank AD) becomes majority shareholder with a 99.99% stake in CCB AD.

    June 2000 - Bulbank AD sells its stake in CCB AD to ten foreign companies.

    2002 - Bulgarian financial company Bromak EOOD acquires a 10% stake in CCB AD.

    June 2006 - Bromak EOOD acquires a 89.21% stake in the bank through capital increases.

    June 18, 2007 - CCB AD lists on the Bulgarian Stock Exchange (BSE).

    Oct 12, 2007 - The bank sets up its Bulgarian investment management subsidiary KTB Asset Management AD.

    Mar 6, 2008 - CCB AD acquires a 25% stake in local consultancy company FARA Consult OOD.

    Sept, 8, 2008 - The bank's shares are transferred to the offical segment B of the BSE. 

    Mar 25, 2009 - Luxembourg-based Bulgarian Acquisition Company II S.a.r.L. buys a 30% stake in CCB AD through the BSE.

    June 2014 - The Bulgarian National Bank places CCB AD under three-month supervision over risk of insolvency.

    Nov 6, 2014 - Bulgaria's central bank revokes the licence of CCB AD.

    Apr 22, 2015 - The Sofia District Court declares CCB AD bankrupt.

    May 26, 2016 - CCB AD delists from the Bulgarian Stock Exchange (Stock Symbol: 6C9; ISIN: BG1100129052).


    Last updated on June 11, 2019.

Management

Executive Board
Angel Nikolov Donov
Receiver
Kristi Hristova Marinova
Receiver

Contacts

Address
10, Graf Ignatiev Str.
1000
Sofia, Bulgaria
Telephones

+359 700 1 8888

Fax

+359 2 980 89 48

Emails

corpbank@corpbank.bg
contact@corpbank.bg

Websites
www.corpbank.bg

Ownership

Name Direct holding Indirect holding Owner type Country

Subsidiaries and affiliates

Name Direct holding Indirect holding Country

Products and services

Corporate Commercial Bank AD prоvided services to:

  • Individual clients:
    • Loans, including consumer, mortgage and energy efficiency loans, as well as overdrafts;
    • Credit and debit cards;
    • Deposits;
    • Current and saving accounts;
    • Money transfers;
    • Currency exchange;
    • Online banking;
    • Utility bill payment services;
    • Investment schemes;
    • Mobile consultancy and banking services;
    • Collection services;
    • Personal safes and safety deposit boxes.
  • Companies:
    • Loans, including investment and working capital loans, agricultural loans, financial leasing, capital and money market financing and financing under EU programmes;
    • Deposits;
    • Debit and credit cards;
    • Current and saving accounts;
    • Money transfers;
    • Documentary services;
    • Online banking;
    • Investment schemes;
    • Mobile consultancy and banking services;
    • Trade financing.

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