List of banks in Bulgaria

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

Development banks

Commercial banks

Аll amounts are in BGN thousand.

Rank

(2019)

 Name SWIFT (BIC) Assets Sept 2018[1] Assests Dec 2018[2] Assets Mar 2019[3] Assets June 2019[4] Assets Sept 2019[5] Assests Dec 2019[6] Shareholders - over 10% (2019)
1. UniCredit Bulbank UNCRBGSF 19 150 098 19 413 598 20 144 382 19 581 814 20 475 437 21 639 060 UNICREDIT S.P.A., Republic of Italy – 99.45%
2. DSK Bank STSABGSF 12 864 724 14 451 306 15 110 409 15 429 850 15 922 173 15 902 565 OTP Bank RT, Hungary – 100%
3. United Bulgarian Bank UBBSBGSF 10 893 800 11 270 401 11 585 978 11 674 452 11 642 586 12 172 265 KBC BANK N.V., Kingdom of Belgium – 99,92%
4. Eurobank Bulgaria (Postbank) BPBIBGSF 8 158 975 8 207 481 8 525 838 8 838 135 9 217 319 11 183 700 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 9 233 602 9 237 837 9 321 556 9 538 493 9 626 378 10 200 031 Tzeko Todorov Minev, Republic of Bulgaria – 42.5%

Ivaylo Dimitrov Mutafchiev, Republic of Bulgaria – 42.5%

6. Raiffeisenbank, Bulgaria RZBBBGSF 7 496 869 7 777 436 7 907 414 8 030 170 8 518 101 8 817 765 Raiffeisen Bank International AG (Raiffeisen SEE Region Holding GmbH), Republic of Austria – 100%
7. Expressbank TTBBBG22 6 573 093 6 429 331 6 390 957 6 219 500 6 339 583 6 339 511 DSK Bank part of OTP Bank RT, Hungary – 99.74% (Merged into DSK Bank on 04.05.2020)
8. Central Cooperative Bank CECBBGSF 5 593 443 5 617 235 5 726 863 5 722 713 5 866 767 6 105 407 CCB Group EAD, Republic of Bulgaria – 61.05%
9. Bulgarian Development Bank NASBBGSF 2 844 543 3 023 793 2 895 760 2 844 206 2 721 577 3 173 535 Ministry of the Economy, Republic of Bulgaria – 100%
10. Allianz Bank Bulgaria BUINBGSF 2 702 454 2 755 280 2 797 627 2 860 997 2 932 443 2 884 167 Allianz Bulgaria Holding JSC, Republic of Bulgaria – 99.89%
11. ProCredit Bank, Bulgaria PRCBBGSF 2 079 670 2 164 437 2 211 390 2 217 226 2 364 795 2 498 527 ProCredit Holding AG, Federal Republic of Germany – 100%
12. Municipal Bank PLC SOMBBGSF 1 958 996 1 892 839 2 043 980 2 168 014 2 013 673 2 045 623 NOVITO OPPORTUNITIES FUND AGMVK, Principality of Liechtenstein – 95.50%
13. Investbank IORTBGSF 2 204 192 2 122 039 2 022 815 1 982 976 1 929 475 1 898 475 Festa Holding JSC, Republic of Bulgaria – 54.55%

Adil Said Ahmed Al Shanfari, Sultanate of Oman – 32.65%

Petia Ivanova Barakova-Slavova, Republic of Bulgaria – 12.28%

14. Bulgarian-American Credit Bank BGUSBGSF 1 344 073 1 420 311 1 438 726 1 460 594 1 543 933 1 670 726 CSIF JSC, Republic of Bulgaria – 61.56%

LTBI HOLDINGS LLC, USA – 33.41%

15. International Asset Bank IABGBGSF 1 404 046 1 438 893 1 502 662 1 504 520 1 550 024 1 547 567 Dynatrade International Ltd, Republic of Bulgaria – 33%
16. D Commerce Bank DEMIBGSF 793 289 831 948 860 018 899 520 991 519 1 017 535 Fuat Güven (Fuat Hyusniev Osmanov), Republic of Bulgaria – 55.52%

FORTERA EAD, Republic of Bulgaria – 44.48%

17. Citibank Europe, Bulgaria Branch CITIBGSF 785 883 799 868 890 435 838 387 962 654 996 329 Citibank Europe Plc., Republic of Ireland – 100%
18. ING Bank N.V., Sofia Branch INGBBGSF 818 093 742 981 873 935 895 923 932 425 922 679 ING Bank N.V., Kingdom of the Netherlands – 100%
19. TBI Bank TBIBBGSF 773 038 740 237 774 413 808 141 831 308 871 843 TBIF Financial Services B.V., Kingdom of the Netherlands – 100%
20. BNP Paribas S.A. – Sofia Branch BNPABGSX 878 107 795 566 862 777 766 306 807 084 816 604 BNP Paribas S.A., Republic of France – 100%
21. BNP Paribas Personal Finance S.A. - Bulgaria Branch BNPABGSX 632 242 662 378 680 658 727 782 BNP Paribas Personal Finance S.A., Republic of France – 100%
22. Tokuda Bank CREXBGSF 398 103 402 569 395 117 392 152 383 904 392 941 Tokushukai Incorporated, Japan – 99.94%
23. Texim Bank TEXIBGSF 269 420 301 649 316 614 333 764 344 580 363 236 Web Finance Holding AD, Republic of Bulgaria – 18.88%
24. T.C. Ziraat Bank, Sofia Branch TCZBBGSF 124 270 116 610 110 543 146 295 125 138 145 853 T.C. Ziraat Bank, Ankara, Republic of Turkey – 100%

References
  1. "Banks in Bulgaria July - September 2018" (PDF).
  2. "Банките в България" (PDF).
  3. "Banks in Bulgaria - March 2019" (PDF).
  4. "Banks in Bulgaria - June 2019" (PDF).
  5. "Banks in Bulgaria - Sept 2019".
  6. "Банките в България - декември 2019" (PDF).
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