Central Cooperative Bank : Annual Report 2020

Annual report 2020

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CONTENTS

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MESSAGE FROM THE MANAGEMENT FINANCIAL HIGHLIGHTS AS AT 31.12.2020

TODAY

BRIEF HISTORY

MANAGERIAL TEAM

SHARE CAPITAL AND SHAREHOLDERS ACTIVITY OVERVIEW

Client structure

Retail banking

International payments

Financial markets

Information technology

Personnel

FINANCIAL REVIEW FOR 2020 Market share and position of CCB Plc

Income Statement

An analysis of the assets and liabilities

APPENDIX №1: BRANCH NETWORK

APPENDIX №2: NOSTRO ACCOUNTS INDEPENDENT AUDITORS' REPORT ANNUAL SEPARATE FINANCIAL STATEMENTS

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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.

Sincerely yours,

Gerogi Kostov	George Konstantinov	Sava Stoynov	Tihomir Atanassov
Executive Director	Executive Director	Executive Director	Procurator

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