The Bulgarian Central Cooperative Bank, conceived under the guidance of the then Minister of Finance, Andrey Lyapchev, stands as the fourth state bank established in Bulgaria, dating back to its founding in 1910. Initially, it was jointly owned by the Bulgarian National Bank and the Bulgarian Agricultural Bank. However, in 1934, a significant structural change occurred, leading to its merger with the Bulgarian Agricultural Bank. This union formed the Bulgarian Agricultural and Cooperative Bank, creating a more integrated financial entity within Bulgaria’s banking landscape.
