On 28 March 1991 Central Cooperative Bank was registered with a resolution of the Sofia City Court. At first the Bulgarian National Bank Management Board issued a licence to CCB Plc for carrying out bank activity on the territory of the country.

The founders of the bank were Central Cooperative Union, the regional cooperative unions and more than 1100 cooperative organizations. In the beginning its mission was to contribute to the development of the cooperative system in Bulgaria. Passing through different development periods, the Bank established itself as a universal commercial bank nowadays.

Since 12 March 1993 the Bank is authorized to carry out operations abroad as well.

Since July 1993 CCB Plc is an associate member of the European Association of Cooperative Banks, domiciled at Brussels.

On 4 March 1999 CCB Plc received the statute of a publicly listed company, and in this way became one of the two Bulgarian banks, the shares of which were traded on the Bulgarian Stock Exchange - Sofia.

Up to 2001 CCB Plc shareholders included: Central Cooperative Union, Bulbank AD, the State Agricultural Fund, the Bank Consolidation Company etc.

At the beginning of 2002 the share of Bank Consolidation Company AD amounting to 32.77% was acquired through bidding by Chimimport JSC, which became the main shareholder of Central Cooperative Bank Plc.

In 2002 CCB Plc received a licence from MasterCard Europe – a prestigious international card organization for the issuance and acceptance of the international Maestro debit cards and Mastercard credit cards.

In 2003 CCB Plc acquired a licence for a Bulgarian agent of Western Union, the international fast money transfer company.

In September 2004 Central Cooperative Bank Plc became a member of the Management Board of the International Cooperative Banking Association, together with over 52 credit institutions from 36 countries.

At the end of 2004 CCB Plc increased its capital from BGN 16 169 564 to BGN 32 338 128 via the issuance of 16 168 564 shares, having a par and issue value of BGN 1. The Bank’s main shareholder is CCB Group Assets Management EAD, which is 100% property of Chimimport Plc.

On 27 May 2005 the Bank became a principal member of Visa International and at the beginning of 2006 we started offering the family of Visa cards.

In September2005 CCB Plc took a decision to increase its share capital by 50% and as of the end of the year it amounted to BGN 48 507 186, and the shareholders` equity was BGN 80,928 thousand.

In December 2005 CCB Plc received a permit from the Central Bank of Cyprus to open its first foreign branch in Nicosia.

On 11 May 2006 CCB Plc signed a second Syndicated Term Loan Facility, whereas the initial amount of EUR 11.000.000 was increased to EUR 27.500.000 with the participation of 12 foreign banks. The syndicated loan was arranged by HSH Nordbank AG and Raiffeizen Zentralbank ?sterreich AG.

At the end of June 2006 the General Meeting of Shareholders of CCB Plc took a decision to increase the capital by 50% and at the end of the year the Bank share capital amounted to BGN 72  760 779.

Since 1 January 2007, with Bulgaria’s accession to EU, CCB Plc has acquired the statute of a full member of the European Association of Cooperative Banks.

In June 2007the General Meeting of Shareholders of CCB Plc. took a decision to increase the capital and at the end of the year it amounts to BGN 83 155 thousand.

In September 2007the first foreign branch of CCB Plc. was opened in Nicosia, Cyprus.

On 28 February 2008 CCB Plc acquired the Macedonian bank Sileks Bank AD Skopie, which was renamed to Central Cooperative Bank AD Skopje on 22 October 2008. At present CCB Plc has 82.57% of the voting shares of the capital of CCB AD Skopje.

On 15 August 2008 Central Cooperative Bank Plc joined ISDA - International Swaps and Derivatives Association as a user. The contract intermediary is Raiffeizen Zentralbank ?sterreich AG.

In October 2008 CCB Plc became an indirect member of EBA STEP2 SCT.

In December 2008 CCB Plc became an indirect member of TARGET2.

As at 31.12.2009 the total assets of CCB Plc increase by 10 %.

As at 31.12.2009 the profit of CCB Plc increases by 2 %.

In December 2010 the Bulgarian Credit Rating Agency awarded to Central Cooperative Bank Plc a long-term credit rating, grade: BBB, outlook: stable and a short-term rating: А-2.

As at 31.12.2010 CCB Plc ranks among the first 10 Bulgarian banks in terms of total assets.

On 3 January 2011 Stater Banka AD, Kumanovo, the Republic of Macedonia, merged into CCB AD Skopje.

At the beginning of 2011 CCB Plc became the main shareholder of ZAO AKB Tatinvestbank, Kazan, the Republic of Tatarstan, Russian Federation.

On 28 March 2011 CCB Plc celebrated twenty years of its establishment.

On 21.07.2011 the Management Board of CCB Plc took a decision to increase the company share capital from BGN 83 155 092 to BGN 113 155 092, whereas as at 31.12.2011 the shareholders’ equity of the Bank amounts to BGN 332,781 thousand.

During the second quarter of 2012 CCB Plc started the issuance of international Visa Platinum credit cards.

In 2012 CCB Plc continued the work under the project for a second international branch on the territory of EU.

In 2013 CCB Plc introduced new products and services in retail banking and the card business, among which the Mobb service and promotional conditions to the “Home for you” product.

At the end of 2013 CCB Plc ranked on the eight place among Bulgarian banks according to total assets.

In 2014 the Bank started offering contactless debit and credit cards Visa payWave and contactless debit cards Maestro PayPass. Since October 2014 CCB started offering to its clients the CashM service.

In 2014 CCB Plc preserved the eight place among the Bulgarian banks according to total assets.

Since February 2015 the Bank started the offering of debit cards of high class Visa Debit.

April 2015 Successfully and on time we finalized the process of the full migration of all IT systems to move the head-office of the Bank to the new administrative building  (former Pliska Hotel) at: the city of Sofia, 87 Tsarigradsko shose blvd;

The administration of the Bank carries out its activity in the new office building at 87 Tsarigradsko shose blvd.

In May 2015 the Bank started issuing Emotion contactless cards, where the client is entitled to choose the design of his/her card. 

In July 2015 the Bank started offering a new type of credit card of exceptionally high class,  intended for the most special clients - World MasterCard.

In 2015 new traders, offering rebates to the clients with club cards joined the CCB Club loyalty program.

In  2015 during the whole year there continued the update of the parameters and the conditions of the credit products for individuals. 

January 2016 The service CCB Lite for individuals offered to its clients more possibilities.

28 March 2016  CCB Plc has a 25 –year anniversary.

April 2016 The CCB Club loyalty program has a 5-year track record.

As at Septemler 2016 the branch network of CCB consists of 47 branches, 211 bank representative offices, 48 outlets, 1 international branch in Cyprus.


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