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 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

Аll amounts are in BGN thousand.

Rank

(2024)

NameSWIFT (BIC)Assets Sep 2023 [1] Assets Dec 2023 [2] Assets Mar 2024 [3] Assets Jun 2024 [4] Assets Sep 2024 [5] Shareholders - over 10% (Sep 2024) [5]
1. United Bulgarian Bank UBBSBGSF32 535 40334 041 58334 676 69034 844 25235 670 048 KBC BANK N.V., Flag of Belgium (civil).svg Kingdom of Belgium – 99,96%
2. DSK Bank STSABGSF31 071 70932 773 71333 541 57134 261 47935 260 167 OTP Bank RT, Flag of Hungary.svg Hungary – 99.92%
3. UniCredit Bulbank UNCRBGSF30 828 06032 124 49932 651 02531 951 25332 806 588UNICREDIT S.P.A., Flag of Italy.svg Republic of Italy – 99.45%
4. Eurobank Bulgaria (Postbank) BPBIBGSF18 336 09319 389 81920 073 51420 339 22520 908 841 Eurobank Ergasias S.A., Flag of Greece.svg Greece – 99,99%
5. First Investment Bank (Fibank) FINVBGSF13 186 65413 888 89514 047 71414 528 42914 695 599Tzeko Todorov Minev, Flag of Bulgaria.svg Republic of Bulgaria – 27.33%

Ivaylo Dimitrov Mutafchiev, Flag of Bulgaria.svg Republic of Bulgaria – 27.33%

Bulgarian Development Bank, Flag of Bulgaria.svg Republic of Bulgaria - 18.35%

6. Central Cooperative Bank CECBBGSF8 017 1318 189 8178 404 7388 713 0448 822 199CCB Group EAD, Flag of Bulgaria.svg Republic of Bulgaria – 61.05%
7.ProCredit Bank, BulgariaPRCBBGSF4 096 6064 175 4264 243 8434 378 8004 478 376 ProCredit Holding AG, Flag of Germany.svg Federal Republic of Germany – 100%
8.Allianz Bank BulgariaBUINBGSF3 916 9143 945 6504 066 7064 169 8294 140 064Allianz Bulgaria Holding JSC, Flag of Bulgaria.svg Republic of Bulgaria – 99.9%
9.InvestbankIORTBGSF3 016 6583 164 6463 288 1913 262 7683 407 648Festa Holding JSC, Flag of Bulgaria.svg Republic of Bulgaria – 83.8%

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

10. TBI Bank TBIBBGSF2 663 4582 906 5153 102 8413 233 4603 352 984TBIF Financial Services B.V., Flag of the Netherlands.svg Kingdom of the Netherlands – 100%
11. Bulgarian Development Bank NASBBGSF2 829 4322 800 2242 632 6612 785 8152 911 424 Ministry of Innovation and Growth, Flag of Bulgaria.svg Republic of Bulgaria – 100%
12.International Asset BankIABGBGSF2 426 8172 486 8602 490 4162 614 5622 811 994Dynatrade International Ltd, Flag of Bulgaria.svg Republic of Bulgaria – 33%
13.Bulgarian-American Credit BankBGUSBGSF2 398 4322 790 1762 880 7582 892 4902 693 172CSIF JSC, Flag of Bulgaria.svg Republic of Bulgaria – 45.67%

LTBI HOLDINGS LLC, Flag of the United States.svg USA – 33.45%

14.Municipal Bank PLCSOMBBGSF2 221 3222 368 0462 435 4042 546 1552 571 586NOVITO OPPORTUNITIES FUND AGMVK, Flag of Liechtenstein.svg Principality of Liechtenstein – 96.51%
15.D Commerce BankDEMIBGSF1 744 0601 660 0302 240 6722 196 0002 151 190Fuat Güven (Fuat Hyusniev Osmanov), Flag of Bulgaria.svg Republic of Bulgaria – 55.52%

FORTERA EAD, Flag of Bulgaria.svg Republic of Bulgaria – 44.48%

16. Citibank Europe, Bulgaria BranchCITIBGSF2 009 0981 746 4071 913 2911 892 6881 986 011Citibank Europe Plc., Flag of Ireland.svg Republic of Ireland – 100%
17. ING Bank N.V., Sofia BranchINGBBGSF1 371 0931 255 5961 341 6791 489 0721 350 720 ING Bank N.V., Flag of the Netherlands.svg Kingdom of the Netherlands – 100%
18. Texim Bank TEXIBGSF608 090645 410630 154659 470681 057Web Finance Holding AD, Flag of Bulgaria.svg Republic of Bulgaria – 16.64%
19.BNP Paribas S.A. – Sofia BranchBNPABGSX768 516728 392678 282637 227604 212 BNP Paribas S.A., Flag of France.svg Republic of France – 100%
20.Tokuda BankCREXBGSF473 680485 465498 475503 381510 893Tokushukai Incorporated, Flag of Japan.svg Japan – 100%
21.T.C. Ziraat Bank, Sofia BranchTCZBBGSF363 903416 158410 836390 775442 268 T.C. Ziraat Bankasi A.Ş., Ankara, Flag of Turkey.svg Republic of Turkey – 100%
22.Varengold Bank AG, Sofia BranchVGAGBGSF89 53972 46876 20296 738119 062 Varengold Bank AG, Flag of Germany.svg Federal Republic of Germany – 100%
23.Bigbank AS, Bulgaria BranchBIGKBGSF16 82020 90623 39733 80032 082 Bigbank AS, Flag of Estonia.svg Estonia – 100%

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References

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