Bulgarian-American Credit Bank AD (BUL:BACB) agreed to acquire 99.94% stake in Tokuda Bank AD from Tokushukai Incorporated on April 16, 2024. The 99.94% stake represents 6.8 million voting shares. As of December 2023, Tokuda Bank reported a total assets of approximately BGN 490 million and a net profit of BGN 7.5 million.

The acquisition of the Shares is conditional upon receipt of all necessary regulatory approvals or clearances from the competent authorities.