MESSAGE FROM THE MANAGEMENT FINANCIAL HIGHLIGHTS AS AT 31.12.2020
SHARE CAPITAL AND SHAREHOLDERS ACTIVITY OVERVIEW
FINANCIAL REVIEW FOR 2020 Market share and position of CCB Plc
An analysis of the assets and liabilities
APPENDIX №1: BRANCH NETWORK
APPENDIX №2: NOSTRO ACCOUNTS INDEPENDENT AUDITORS' REPORT ANNUAL SEPARATE FINANCIAL STATEMENTS
MESSAGE FROM THE MANAGEMENT
Ladies and Gentlemen,
We, the Executive Directors and Procurator of Central Cooperative Bank Plc, would like to use this opportunity to inform you about our achievements and accolades in 2020. Central Cooperative Bank Plc is a universal commercial bank with a pronounced focus on retail banking. As of 31.12.2020 the Bank assets are BGN 6,6 billion, shareholders' equity amounts to BGN 583 million and the net profit is BGN 20 million.
Last year was our 13th year as a member of the European Union and we ranked on the 7th place among Bulgarian banks in terms of total assets. 10 months of the year were marked by the COVID-19 crisis.
Among our goals for 2020 are: increasing the total assets of the Bank, respectively the market share; developing and defending the leadership position in the use of the most contemporary channels of distributing the bank products; streamlining and constant adaptation of the client model of the operative organization with the aim of maintaining the high quality of the bank servicing; deploying the positions in retail banking; increasing the volume and the relative share in the loan portfolio of loans to individuals
consumer and mortgage loans; profiting from the synergy in rendering services to the insurance companies, pension companies, health insurance companies and the investment companies from the group of Chimimport - the main shareholder of the Bank; offering services and financing of projects of agricultural producers - under the programs of the structural funds of EU and increasing the qualification of the employees and streamlining the mechanisms for stimulating employees.
We make our clients feel important. The Bank management and staff have committed their efforts to defending the already achieved position and a further improvement in the banking field. We look forward to continue working with you and sharing best practices and recommendations.
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Central Cooperative Bank AD published this content on 28 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2021 12:11:12 UTC.