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, several banks offer their products via the Internet.

Bulgaria is also part of the Single Euro Payments Area (SEPA).

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

(2022)

Name SWIFT (BIC) Assets Dec 2020[1] Assets Mar 2021 Assets Jun 2021 Assets Sep 2021[2] Assets Dec 2021[3] Assets Mar 2022[4] Shareholders - over 10% (Jun 2021)
1. UniCredit Bulbank UNCRBGSF 24 107 528 24 820 810 24 497 767 25 020 631 24 948 376 26 610 890 UNICREDIT S.P.A., Republic of Italy – 99.45%
2. DSK Bank STSABGSF 22 808 868 23 265 250 23 534 802 24 031 832 24 412 967 25 117 592 OTP Bank RT, Hungary – 99.91%
3. United Bulgarian Bank UBBSBGSF 12 797 159 13 068 886 13 590 977 14 148 668 15 530 276 16 064 702 KBC BANK N.V., Kingdom of Belgium – 99,92%
4. Eurobank Bulgaria (Postbank) BPBIBGSF 12 103 849 12 545 602 13 078 264 13 939 300 14 490 094 14 918 142 Eurobank Ergasias S.A., Greece – 56,14%

ERB New Europe Holding B.V., Kingdom of the Netherlands – 43,85%

5. First Investment Bank (Fibank) FINVBGSF 10 782 868 11 036 780 10 827 722 11 169 935 11 268 870 11 518 355 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. KBC Bank Bulgaria RZBBBGSF 9 625 566 9 788 970 9 995 619 10 523 001 10 846 991 11 209 825 KBC BANK N.V., Kingdom of Belgium – 100%
7. Central Cooperative Bank CECBBGSF 6 641 168 6 868 790 6 859 569 7 117 326 7 383 943 7 480 212 CCB Group EAD, Republic of Bulgaria – 61.05%
8. Allianz Bank Bulgaria BUINBGSF 3 285 384 3 140 883 3 382 094 3 881 860 3 622 173 3 731 510 Allianz Bulgaria Holding JSC, Republic of Bulgaria – 99.89%
9. Bulgarian Development Bank NASBBGSF 4 006 854 3 979 335 3 809 332 3 528 440 3 412 189 3 420 528 Ministry of the Economy, Republic of Bulgaria – 100%
10. ProCredit Bank, Bulgaria PRCBBGSF 2 920 323 3 046 966 2 934 451 2 992 086 3 190 468 3 394 170 ProCredit Holding AG, Federal Republic of Germany – 100%
11. Investbank IORTBGSF 2 200 670 2 320 906 2 477 588 2 479 379 2 543 097 2 675 609 Festa Holding JSC, Republic of Bulgaria – 52.77%

Adil Said Ahmed Al Shanfari, Sultanate of Oman – 28.04%

Petia Ivanova Barakova-Slavova, Republic of Bulgaria – 10.55%

12. Bulgarian-American Credit Bank BGUSBGSF 1 869 029 1 951 321 1 989 959 2 093 664 2 198 692 2 481 662 CSIF JSC, Republic of Bulgaria – 45.67%

LTBI HOLDINGS LLC, USA – 33.45%

13. Municipal Bank PLC SOMBBGSF 2 058 213 2 211 545 2 269 538 2 117 766 1 927 908 1 992 424 NOVITO OPPORTUNITIES FUND AGMVK, Principality of Liechtenstein – 95.50%
14. International Asset Bank IABGBGSF 1 780 961 1 789 386 1 800 247 1 854 515 1 911 730 1 914 172 Dynatrade International Ltd, Republic of Bulgaria – 33%
15. D Commerce Bank DEMIBGSF 1 160 962 1 209 492 1 165 352 1 213 889 1 402 210 1 400 074 Fuat Güven (Fuat Hyusniev Osmanov), Republic of Bulgaria – 55.52%

FORTERA EAD, Republic of Bulgaria – 44.48%

16. TBI Bank TBIBBGSF 1 027 862 1 139 102 1 137 963 1 249 413 1 303 226 1 383 528 TBIF Financial Services B.V., Kingdom of the Netherlands – 100%
17. Citibank Europe, Bulgaria Branch CITIBGSF 1 174 623 1 238 197 1 033 663 1 329 438 1 182 028 1 187 721 Citibank Europe Plc., Republic of Ireland – 100%
18. ING Bank N.V., Sofia Branch INGBBGSF 989 154 1 192 223 1 311 169 1 235 095 1 163 580 1 147 268 ING Bank N.V., Kingdom of the Netherlands – 100%
19. BNP Paribas Personal Finance S.A. - Bulgaria Branch BNPABGSX 689 877 697 062 700 447 742 078 776 691 779 588 BNP Paribas Personal Finance S.A., Republic of France – 100%
20. BNP Paribas S.A. – Sofia Branch BNPABGSX 901 799 927 302 878 102 702 697 638 727 755 977 BNP Paribas S.A., Republic of France – 100%
21. Texim Bank TEXIBGSF 462 623 467 827 495 858 509 803 536 816 521 983 Web Finance Holding AD, Republic of Bulgaria – 18.88%
22. Tokuda Bank CREXBGSF 396 799 408 389 416 395 426 705 429 746 447 427 Tokushukai Incorporated, Japan – 99.94%
23. T.C. Ziraat Bank, Sofia Branch TCZBBGSF 210 021 246 987 253 185 261 417 255 550 301 009 T.C. Ziraat Bank, Ankara, Republic of Turkey – 100%
24. Varengold Bank AG, Sofia Branch VGAGBGSF 129 156 33 963 81 041 44 636 52 826 Varengold Bank AG, Federal Republic of Germany – 100%
25. Bigbank AS, Bulgaria Branch BIGKBGSF 979 1 240 5 767 11 644 Bigbank AS, Estonia – 100%

References[edit]

  1. ^ "Banks in Bulgaria - Oct - Dec 2020" (PDF).{{cite web}}: CS1 maint: url-status (link)
  2. ^ "Банките в България - Юли – септември 2021" (PDF).
  3. ^ "Банките в България - Октомври – Декември 2021 - БНБ" (PDF).
  4. ^ "Banks in Bulgaria Jan-Mar 2022" (PDF).