Service sector in city Sofia
5000.00 sq.m.

€ 31 000 000
Bank in Eastern Europe {Bulgaria} for a Sale
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Bank in Eastern Europe {Bulgaria} for a Sale

The sales of the bank are between 30 and 32 M Euro
The Net Income of the bank is above 500K Euro
The total issued capital as at 31 December 2014 amounts to EURO 26 000 000 (twenty-six million million euro)
The location of the company for sale is Eastern Europe (Bulgaria)
The bank employs above 300 experienced people
Тhe Bank has 20 offices and 10 remote workplaces in the country
The acquisition would give the buyer a position in a fast growing country in Eastern Europe
Reason for sale: The owner is looking for an international strategic partner that can provide access to cheap funding to increase the profitability of the bank

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Overview bank for sale
The Eastern European banks is active in universal banking. The company mainly works via a network of domestic branches. The bank is fully licensed and operates a distribution network across the country it operates in. The clients are active across many industries like agricultural and food, trade and manufacturing. Further, an important part of the lending is done directly to consumers.

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Strategy Eastern European bank
The strategy of the bank is to be more agile compared to the larger players and increase market share. The services consist of direct lending as well as FX activity. Getting access to cheap funds from larger foreign players could improve the margins of the bank significantly.
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Services of the bank for sale
The bank provides mostly direct straight forward services of offering deposits and lending to it’s customer base of both consumers and business clients. Lending and deposits are both done in local as well as foreign currency. It can help a foreign company quickly to establish a position in the Eastern European market. The company operates in the industry of universal banking and possesses all relevant licences.
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Highlights of the East European bank for sale
The business has a good infrastructure in a fast growing country
A foreign buyer can get a presence in Eastern Europe directly with relevant experience and licences
The company for sale has excellent knowledge of Eastern European banking
The company has competent management that can grow the bank further

Location of the property on the map

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