The Governing Council of the Bulgarian National Bank (BNB) approved Tokuda Bank AD’s merger into Bulgarian-American Credit Bank AD (BACB), the central bank said on Friday.
Following the merger, BACB will become the universal legal successor to Tokuda Bank, which will cease to exist without liquidation, the BNB added.
In early December 2025, the BNB Governing Council adopted a national decision implementing an instruction from the European Central Bank, granting BACB prior approval to directly acquire a qualifying holding exceeding 50% of Tokuda Bank EAD’s capital and voting rights. BACB said in April 2024 that it had reached an agreement with the Japanese company Tokushukai Inc. to acquire 99.94% of Tokuda Bank AD’s shares. In July 2024, the Commission for Protection of Competition cleared BACB’s acquisition of direct control over Tokuda Bank.
In comments published January, BACB Supervisory Board Chair Tsvetelina Borislavova described the acquisition as good news for the economy as a whole, saying Bulgaria needed strong and transparent Bulgarian banks operating in the country.
Central Bank Approves Tokuda Bank’s Merger into Bulgarian-American Credit Bank THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-10-09 16:37:45
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