A long-term loan of USD 5 million will be granted to "Bulgarian-American Credit Bank" (BACB) by the International Financial Corporation (IFC). The money will be used on crediting the small and medium-sized enterprises. Up to the end of September 1998 BACB could only grant credits up to the amount of its capital of BGL 22 billion. In November BNB authorized BACB to execute all kinds of bank deals except for management of investment funds.
Source: Banker (08.03.1999)

The net profit of "Bulgarian - American Credit Bank" JSC (BACB) for 1998 is in the amount of BGL 369 million and will be wholly provisioned. This decision was taken at the bank's General Meeting. The management of the bank was relieved of responsibility and the programme suggested by the Executive Directors was approved. Management of the bank will remain the same - Mr. Frank Bawer - Chairman of the Board of Directors, Mr. Thomas Higgins - Deputy Chairman, both of them and Mr. Dimitar Vuchev - Executive Directors and Mr. Dennis Fealer - Financial Director and Member of the board.
Source: Banker (19.04.1999)

Bulgarian - American Credit Bank became a full member of Association of Commercial Banks (ACB), decided the Board of Directors of ACB. Thus the members of the organization became 30. Mr. Spas Dimitrov, Chairman of the Board of Directors of Bank DSK, was elected a Deputy Chairman of the Board of Directors of ACB, stated Mrs. Irina Martzeva, Chief Secretary of ACB. On May 27 and 28 in Budapest will take place the 8th annual meeting of the members of European Bank Federation.
Source: Pari (12.05.1999)

Bulgarian-American Investment Fund (BAIF) has realized more than 700 investment projects in Bulgaria for the amount of USD 54 million since the beginning of 1992. The fund has invested USD 5 million in 75 private tourist objects in the country under "Hotels" programme. The amount of loans, which have been granted by BAIF through Bulgarian-American Credit Bank JSC (Sofia) for the development of the hotel-keeping in Bulgaria, are between USD 30,000 and USD 1 million.
Source: Pari (01.06.1999)

Bulgarian-American Investment Fund was established with USD 55 million granted by the US Congress. The money was granted under the condition that it will be invested in Bulgarian private companies. Since the beginning of 1992 in Bulgarian economy have been made investments exceeding USD 54 million.
Source: Banker (07.06.1999)

The International Financial Corporation (IFC), from the World Bank group, may lend up to USD 5 million to Bulgarian-American Credit Bank (BACB). This agreement was signed at the end of last week in Washington DC. The money will be lent to small and medium-sized enterprises from the private sector. In addition, IFC has an option to acquire up to 20 per cent of the bank's shares.
Source: Pari (15.06.1999)

Bulgarian American Investment Fund (BAIF) through it's bank, Bulgarian American Credit Bank JSC (Sofia), carried out last week its 81-st successful investment in hotel business, by financing the purchase of a majority stake in Riga Hotel JSC (Rousse). The credit was granted to the buyer - Transcontinental Holding (Shoumen).
Source: Pari (17.06.1999)

New projects of USD 35 million will be financed in Bulgaria by Bulgarian-American Investment Fund (BAIF) in the year of 2000, was reported after a meeting of the fund's Board of Directors. Thus investments in Bulgaria made by the fund will reach USD 100 million.
Source: Pari (27.09.1999)

USA will grant Bulgaria USD 1 million as a support to the use of Internet in our country. The funds will be spent on development of electronic trading and joining of Bulgarian companies in the World Wide Web. USAID (US Agency for Industrial Development) signed an agreement to grant USD 25 million as an economic support. USD 2.2 million will be granted to SMEs in North Bulgaria.
Source: 24 chasa (29.11.1999)