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List of banks in Bulgaria

From Wikipedia, the free encyclopedia

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 T2 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 central bank is Bulgarian National Bank and there is one development bank – Bulgarian Development Bank. The following is a list of commercial banks in Bulgaria, based on the quarterly issue - "Banks in Bulgaria", published by the central bank.

Commercial banks

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Аll amounts are in BGN thousand.

Rank

(2024)

Name SWIFT (BIC) Assets Dec 2023[1] Assets Mar 2024[2] Assets Jun 2024[3] Assets Sep 2024[4] Assets Dec 2024[5] Shareholders - over 10% (Dec 2024)[5]
1. United Bulgarian Bank UBBSBGSF 34 041 583 34 676 690 34 844 252 35 670 048 37 462 639 KBC BANK N.V., Kingdom of Belgium – 99,96%
2. DSK Bank STSABGSF 32 773 713 33 541 571 34 261 479 35 260 167 36 460 957 OTP Bank RT, Hungary – 99.92%
3. UniCredit Bulbank UNCRBGSF 32 124 499 32 651 025 31 951 253 32 806 588 34 896 854 UNICREDIT S.P.A., Republic of Italy – 99.45%
4. Eurobank Bulgaria (Postbank) BPBIBGSF 19 389 819 20 073 514 20 339 225 20 908 841 22 558 029 Eurobank Ergasias S.A., Greece – 99,99%
5. First Investment Bank (Fibank) FINVBGSF 13 888 895 14 047 714 14 528 429 14 695 599 15 733 464 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 8 189 817 8 404 738 8 713 044 8 822 199 9 083 178 CCB Group EAD, Republic of Bulgaria – 61.05%
7. ProCredit Bank, Bulgaria PRCBBGSF 4 175 426 4 243 843 4 378 800 4 478 376 4 587 295 ProCredit Holding AG, Federal Republic of Germany – 100%
8. Allianz Bank Bulgaria BUINBGSF 3 945 650 4 066 706 4 169 829 4 140 064 4 407 619 Allianz Bulgaria Holding JSC, Republic of Bulgaria – 99.9%
9. TBI Bank TBIBBGSF 2 906 515 3 102 841 3 233 460 3 352 984 3 497 589 TBIF Financial Services B.V., Kingdom of the Netherlands – 100%
10. Investbank IORTBGSF 3 164 646 3 288 191 3 262 768 3 407 648 3 489 352 Festa Holding JSC, Republic of Bulgaria – 83.8%

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

11. Bulgarian Development Bank NASBBGSF 2 800 224 2 632 661 2 785 815 2 911 424 3 148 130 Ministry of Innovation and Growth, Republic of Bulgaria – 100%
12. International Asset Bank IABGBGSF 2 486 860 2 490 416 2 614 562 2 811 994 2 780 470 Dynatrade International Ltd, Republic of Bulgaria – 33%
13. Bulgarian-American Credit Bank BGUSBGSF 2 790 176 2 880 758 2 892 490 2 693 172 2 751 998 CSIF JSC, Republic of Bulgaria – 45.67%

LTBI HOLDINGS LLC, USA – 33.45%

14. Municipal Bank PLC SOMBBGSF 2 368 046 2 435 404 2 546 155 2 571 586 2 483 091 NOVITO OPPORTUNITIES FUND AGMVK, Principality of Liechtenstein – 96.51%
15. D Commerce Bank DEMIBGSF 1 660 030 2 240 672 2 196 000 2 151 190 2 162 669 Fuat Güven (Fuat Hyusniev Osmanov), Republic of Bulgaria – 55.52%

FORTERA EAD, Republic of Bulgaria – 44.48%

16. Citibank Europe, Bulgaria Branch CITIBGSF 1 746 407 1 913 291 1 892 688 1 986 011 2 050 018 Citibank Europe Plc., Republic of Ireland – 100%
17. ING Bank N.V., Sofia Branch INGBBGSF 1 255 596 1 341 679 1 489 072 1 350 720 1 427 064 ING Bank N.V., Kingdom of the Netherlands – 100%
18. BNP Paribas S.A. – Sofia Branch BNPABGSX 728 392 678 282 637 227 604 212 701 072 BNP Paribas S.A., Republic of France – 100%
19. Texim Bank TEXIBGSF 645 410 630 154 659 470 681 057 690 789 Web Finance Holding AD, Republic of Bulgaria – 16.64%
20. Tokuda Bank CREXBGSF 485 465 498 475 503 381 510 893 516 470 Tokushukai Incorporated, Japan – 100%
21. T.C. Ziraat Bank, Sofia Branch TCZBBGSF 416 158 410 836 390 775 442 268 481 982 T.C. Ziraat Bankasi A.Ş., Ankara, Republic of Turkey – 100%
22. Varengold Bank AG, Sofia Branch VGAGBGSF 72 468 76 202 96 738 119 062 160 384 Varengold Bank AG, Federal Republic of Germany – 100%
23. Bigbank AS, Bulgaria Branch BIGKBGSF 20 906 23 397 33 800 32 082 46 474 Bigbank AS, Estonia – 100%

References

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  1. ^ "Banks in Bulgaria: Oct - Dec 2023, BNB" (PDF).
  2. ^ "Banks in Bulgaria: Jan - Mar 2024, BNB" (PDF).
  3. ^ "Banks in Bulgaria: April – June 2024, BNB" (PDF).
  4. ^ "Banks in Bulgaria: Jul - Sep 2024, BNB" (PDF).
  5. ^ a b "Banks in Bulgaria: Oct - Dec 2024, BNB" (PDF).
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