List of banks in Bulgaria

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Typically for Eastern European countries, Bulgarian banking sector is characterized by relatively small size, small number of banks with wide business focus, high degree of concentration and high share of foreign capital.

The most commonly used ratio to measure the size of a banking sector, namely the ratio of consolidated banking assets to gross domestic product, for Bulgaria shows that its banking sector is roughly the same size as its national economy (the ratio is 107.09%). Most of the banks operating in Bulgaria are universal banks providing products and services in retail and corporate banking. Although there are no pure direct banks in Bulgaria, all banks offer their services via the Internet. There are also several digital-first banks that offer their services mainly online. Bulgaria is also part of the Single Euro Payments Area (SEPA) and TARGET systems.

Since 1 October 2020 Bulgaria is part of European Banking Union and since 10 July 2020 it is participant into ERM II Mechanism, a step before adopting the Euro as a national currency.

The following is a list of banks in Bulgaria.

Central bank[edit]

Development banks[edit]

Commercial banks[edit]

Аll amounts are in BGN thousand.

Rank

(2023)

Name SWIFT (BIC) Assets Dec 2022[1] Assets Mar 2023[2] Assets Jun 2023[3] Assets Sep 2023[4] Assets Dec 2023[5] Shareholders - over 10% (Sep 2023)[4]
1. United Bulgarian Bank UBBSBGSF 17 527 277 17 784 341 31 372 505 32 535 403 34 041 583 KBC BANK N.V., Kingdom of Belgium – 99,96%
2. DSK Bank STSABGSF 28 967 838 30 418 500 30 569 370 31 071 709 32 773 713 OTP Bank RT, Hungary – 99.92%
3. UniCredit Bulbank UNCRBGSF 28 889 110 30 402 869 29 944 342 30 828 060 32 124 499 UNICREDIT S.P.A., Republic of Italy – 99.45%
4. Eurobank Bulgaria (Postbank) BPBIBGSF 16 365 976 16 985 023 17 775 858 18 336 093 19 389 819 Eurobank Ergasias S.A., Greece – 99,9%

ERB New Europe Holding B.V., Kingdom of the Netherlands

5. First Investment Bank (Fibank) FINVBGSF 12 714 058 12 932 120 13 055 009 13 186 654 13 888 895 Tzeko Todorov Minev, Republic of Bulgaria – 27.33%

Ivaylo Dimitrov Mutafchiev, Republic of Bulgaria – 27.33%

Bulgarian Development Bank, Republic of Bulgaria - 18.35%

6. Central Cooperative Bank CECBBGSF 7 789 916 7 871 229 7 891 195 8 017 131 8 189 817 CCB Group EAD, Republic of Bulgaria – 61.05%
7. ProCredit Bank, Bulgaria PRCBBGSF 3 743 202 3 750 859 3 889 039 4 096 606 4 175 426 ProCredit Holding AG, Federal Republic of Germany – 100%
8. Allianz Bank Bulgaria BUINBGSF 3 997 100 4 116 950 3 763 962 3 916 914 3 945 650 Allianz Bulgaria Holding JSC, Republic of Bulgaria – 99.9%
9. Investbank IORTBGSF 2 842 847 2 991 420 2 862 274 3 016 658 3 164 646 Festa Holding JSC, Republic of Bulgaria – 83.8%

Petia Ivanova Barakova-Slavova, Republic of Bulgaria – 10.68%

10. TBI Bank TBIBBGSF 2 096 750 2 282 477 2 433 944 2 663 458 2 906 515 TBIF Financial Services B.V., Kingdom of the Netherlands – 100%
11. Bulgarian Development Bank NASBBGSF 3 073 175 3 171 250 3 080 974 2 829 432 2 800 224 Ministry of Innovation and Growth, Republic of Bulgaria – 100%
12. Bulgarian-American Credit Bank BGUSBGSF 2 656 117 2 676 504 2 521 852 2 398 432 2 790 176 CSIF JSC, Republic of Bulgaria – 45.67%

LTBI HOLDINGS LLC, USA – 33.45%

13. International Asset Bank IABGBGSF 2 225 182 2 254 113 2 247 382 2 426 817 2 486 860 Dynatrade International Ltd, Republic of Bulgaria – 33%
14. Municipal Bank PLC SOMBBGSF 2 154 155 2 197 118 2 218 605 2 221 322 2 368 046 NOVITO OPPORTUNITIES FUND AGMVK, Principality of Liechtenstein – 96.51%
15. Citibank Europe, Bulgaria Branch CITIBGSF 1 832 315 1 979 499 1 829 131 2 009 098 1 746 407 Citibank Europe Plc., Republic of Ireland – 100%
16. D Commerce Bank DEMIBGSF 1 582 191 1 512 964 1 762 674 1 744 060 1 660 030 Fuat Güven (Fuat Hyusniev Osmanov), Republic of Bulgaria – 55.52%

FORTERA EAD, Republic of Bulgaria – 44.48%

17. ING Bank N.V., Sofia Branch INGBBGSF 1 178 898 1 375 395 1 350 809 1 371 093 1 255 596 ING Bank N.V., Kingdom of the Netherlands – 100%
18. BNP Paribas S.A. – Sofia Branch BNPABGSX 872 986 859 273 861 723 768 516 728 392 BNP Paribas S.A., Republic of France – 100%
19. Texim Bank TEXIBGSF 596 903 581 830 599 154 608 090 645 410 Web Finance Holding AD, Republic of Bulgaria – 17.93%
20. Tokuda Bank CREXBGSF 459 660 464 937 467 168 473 680 485 465 Tokushukai Incorporated, Japan – 99.94%
21. T.C. Ziraat Bank, Sofia Branch TCZBBGSF 373 936 343 119 384 346 363 903 416 158 T.C. Ziraat Bankasi A.Ş., Ankara, Republic of Turkey – 100%
22. Varengold Bank AG, Sofia Branch VGAGBGSF 79 712 78 326 71 910 89 539 72 468 Varengold Bank AG, Federal Republic of Germany – 100%
23. Bigbank AS, Bulgaria Branch BIGKBGSF 15 176 15 307 15 177 16 820 20 906 Bigbank AS, Estonia – 100%
24. PB Personal Finance by Postbank BPEFBGSF 963 210 989 151 122 587 80 220 0 Eurobank Bulgaria (Postbank) – 100%

References[edit]

  1. ^ "Banks of Bulgaria, Oct-Dec 2022" (PDF).
  2. ^ "Banks of Bulgaria, Jan-Mar 2023 (BNB)" (PDF).
  3. ^ "Banks in Bulgaria, Apr-Jun 2023, BNB" (PDF).
  4. ^ a b "Banks in Bulgaria, Jul-Sep 2023, BNB" (PDF).
  5. ^ "Banks in Bulgaria - Oct to Dec 2023" (PDF).
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