The Governing Council of the National Bank of Bulgaria adopted a national decision implementing an instruction from the European Central Bank, granting Bulgarian-American Credit Bank AD preliminary approval to directly acquire a qualifying holding exceeding 50% of the share capital and voting rights in Tokuda Bank EAD. The update sits within the Single Supervisory Mechanism framework: since close cooperation between the European Central Bank and the National Bank of Bulgaria and Bulgaria’s entry into the SSM from 1 October 2020, the European Central Bank has exclusive competence to assess notifications for acquisitions of qualifying holdings in credit institutions, working with the National Bank of Bulgaria.
National Bank of Bulgaria 2025-12-03
National Bank of Bulgaria grants Bulgarian-American Credit Bank preliminary approval to acquire over 50% of Tokuda Bank
The National Bank of Bulgaria's Governing Council approved Bulgarian-American Credit Bank AD's preliminary acquisition of over 50% of Tokuda Bank EAD's share capital and voting rights. This decision follows an instruction from the European Central Bank under the Single Supervisory Mechanism framework, reflecting Bulgaria's integration into the SSM since October 2020.