Bulgarian-American Credit Bank (BACB) offers a full package of banking products and services to individual and business clients. The institution works actively with small and medium-sized companies, while taking into account the plans for their future development by offering them modern and flexible solutions.
The bank meets the high requirements of the consumers, adapts quickly to the changing conditions of the banking market and uses innovative technologies which can be helpful to its customers.
According to the newly introduced by ESMA (European Securities and Markets Authority) ESEF standard (European Single Electronic Format), the annual consolidated financial statements of issuers whose securities are admitted to trading on a regulated market should be prepared and presented in XBRL format.
In order for the process of converting financial statements into the required XBRL format to be automated, BACB purchases licenses for the certified XBRL tool XBRL Tagger, part of our portfolio. This solution allows employees to tag (mark), convert, correct and validate easily and quickly – and by themselves – their ESEF reports.
