ɪt wʌz fˈaʊndᵻd ˌɔn θˈɜːɾi sɛptˈɛmbɚ nˈaɪntiːnhˈʌndɹɪd nˈaɪnti tˈuː θɹuː ðə mˈɜːdʒɚɹ ʌv twˈɛnti tˈuː ɹˈiːdʒənəl stˈeɪtˈoʊnd bˈæŋks bˈoʊtvɡɹædskə kəmˈɜːʃəl bˈæŋk ˌeɪdˈiː, vɹˈætʃænskə kəmˈɜːʃəl bˈæŋk ˌeɪdˈiː, ɡˈæbɹɑːvskə kəmˈɜːʃəl bˈæŋk ˌeɪdˈiː, kəmˈɜːʃəl bˈæŋk dˈʌvɹi ˌeɪdˈiː, kəmˈɜːʃəl bˈæŋk ɛlhˈoʊvoʊ ˌeɪdˈiː, kəmˈɜːʃəl bˈæŋk ˈɪskɑːɹ ˌeɪdˈiː, kˈɑːɹdʒɐlˌɪɪskə kəmˈɜːʃəl bˈæŋk ˌeɪdˈiː, lˈʌvʃkə kəmˈɜːʃəl bˈæŋk ˌeɪdˈiː, mˈɪheɪlˌʌvɡɹædskə kəmˈɜːʃəl bˈæŋk ˌeɪdˈiː, nˈɑːvəzˌæɡoːɹskə kəmˈɜːʃəl bˈæŋk ˌeɪdˈiː, pˌæzɚdʒˈiːʃkə kəmˈɜːʃəl bˈæŋk ˌeɪdˈiː, pɜːnˈiːʃkə kəmˈɜːʃəl bˈæŋk ˌeɪdˈiː, pˈɛʃtɚskə kəmˈɜːʃəl bˈæŋk ˌeɪdˈiː, plɛvˈɛnskə kəmˈɜːʃəl bˈæŋk ˌeɪdˈiː, pˈɑːpɑːvskə kəmˈɜːʃəl bˈæŋk ˌeɪdˈiː, ɹuːsˈɛnskə kəmˈɜːʃəl bˈæŋk ˌeɪdˈiː, sˈæməkˌɑːvskə kəmˈɜːʃəl bˈæŋk ˌeɪdˈiː, slɪvˈɛnskə kəmˈɜːʃəl bˈæŋk ˌeɪdˈiː, kəmˈɜːʃəl bˈæŋk stɹˈɔɪbæŋk ˌeɪdˈiː, tˈɑːɹɡəvˌɪʃtkə kəmˈɜːʃəl bˈæŋk ˌeɪdˈiː, hˈæskɑːvskə kəmˈɜːʃəl bˈæŋk ˌeɪdˈiː ænd ʃjuːmˈɛnskə kəmˈɜːʃəl bˈæŋk.
It was founded on 30 September 1992 through the merger of 22 regional state-owned banks – Botevgradska Commercial Bank AD, Vrachanska Commercial Bank AD, Gabrovska Commercial Bank AD, Commercial Bank Doverie AD, Commercial Bank Elhovo AD, Commercial Bank Iskar AD, Kardzhaliyska Commercial Bank AD, Loveshka Commercial Bank AD, Mihaylovgradska Commercial Bank AD, Novozagorska Commercial Bank AD, Pazardzhishka Commercial Bank AD, Pernishka Commercial Bank AD, Peshterska Commercial Bank AD, Plevenska Commercial Bank AD, Popovska Commercial Bank AD, Rusenska Commercial Bank AD, Samokovska Commercial Bank AD, Slivenska Commercial Bank AD, Commercial Bank Stroybank AD, Targovishtka Commercial Bank AD, Haskovska Commercial Bank AD and Shumenska Commercial Bank.