By PRESS RELEASE
22 January 2014
The BNB has been informed of the sale procedure of Crédit Agricole Bulgaria (a Crédit Agricole Group subsidiary) by both parent-bank representatives in France and its subsidiary in our country. The Central Bank has always supported consolidation in the banking sector as this enhances the stability of the banking system in Bulgaria.
In this particular case, one of the leading Bulgarian credit institutions is acquiring another on a competitive basis, which is a proof of the continuing consolidation of the bank capital in the Bulgarian banking sector.
After receiving the documents for approval, BNB Banking Supervision Department will pronounce its decision within the time limit set by law.
