On December 3rd, 2025, the Bulgarian National Bank adopted a national decision, pursuant to an instruction from the European Central Bank (ECB), to grant prior approval as required under Article 28 of the Bulgarian Credit Institutions Act to Bulgarian-American Credit Bank for the direct acquisition of shares representing qualifying holding in the capital of Tokuda Bank EAD.

The decision was made in connection with the announced intention of Bulgarian-American Credit Bank to acquire the shares of the capital of Tokuda Bank EAD and the legal requirement for prior approval by the regulator for acquisitions of qualifying holdings/shares in banks licensed in the Republic of Bulgaria, thereby all regulatory conditions for the acquisition are fulfilled.

We would like to remind you that by Decision No. 788 of 18 July 2024, the Commission for Protection of Competition authorised the concentration between undertakings, which will be implemented through the acquisition by Bulgarian-American Credit Bank AD of direct sole control over Tokuda Bank EAD.