BACB is the most effective bank in Bulgaria for 2009
The Bulgarian-American Credit Bank (BACB) is the most effective bank in Bulgaria for 2009, according to the competent opinion of the British magazine Finance Central Europe.
The financial institution ranks first in the magazine rankings for rentability – ROA (Return on Assets) and ROE (Return on Equity). These stats evaluate the performance of a company, compared to their own assets and capital.
To this day, Finance Central Europe magazine has declared BACB best bank of Bulgaria in the ROA field five times, and in the ROE field – four times.
“The excellent rentability of BACB says something for their effectiveness even in the conditions of a crisis. The rankings of an independent observer like Finance Central Europe is a mark of recognition for the management of the bank and a sign for the quality of our partnership with clients,” commented Maria Sheitanova, chief executive of BACB.