The Commission on Protection of Competition (CPC) granted approval to Bulgarian-American Credit Bank (BACB) to acquire 99.94% stake in Tokuda Bank. The deal should also receive clearance by the Bulgarian National Bank. Note that Tokuda Bank is the smallest bank in Bulgaria and the fourth smallest if include the branches of foreign banks. As of end-2023, it had BGN 485.4m of assets, BGN 49.9m of equity (below the BGN 68m registered capital) and BGN 431m of deposits. BACB is the twelfth largest bank by assets as of end-2023 and if the deal is completed could move to number 9. The price of the deal has not been announced yet.