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.

Contents

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

Development banks

Commercial banks

Аll amounts are in BGN thousand.

Rank

(2024)

NameSWIFT (BIC)Assets Jun 2023 [1] Assets Sep 2023 [2] Assets Dec 2023 [3] Assets Mar 2024 [4] Assets Jun 2024 [5] Shareholders - over 10% (Mar 2024) [4]
1. United Bulgarian Bank UBBSBGSF31 372 50532 535 40334 041 58334 676 69034 844 252 KBC BANK N.V., Flag of Belgium (civil).svg Kingdom of Belgium – 99,96%
2. DSK Bank STSABGSF30 569 37031 071 70932 773 71333 541 57134 261 479 OTP Bank RT, Flag of Hungary.svg Hungary – 99.92%
3. UniCredit Bulbank UNCRBGSF29 944 34230 828 06032 124 49932 651 02531 951 253UNICREDIT S.P.A., Flag of Italy.svg Republic of Italy – 99.45%
4. Eurobank Bulgaria (Postbank) BPBIBGSF17 775 85818 336 09319 389 81920 073 51420 339 225 Eurobank Ergasias S.A., Flag of Greece.svg Greece – 99,99%
5. First Investment Bank (Fibank) FINVBGSF13 055 00913 186 65413 888 89514 047 71414 528 429Tzeko 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 CECBBGSF7 891 1958 017 1318 189 8178 404 7388 713 044CCB Group EAD, Flag of Bulgaria.svg Republic of Bulgaria – 61.05%
7.ProCredit Bank, BulgariaPRCBBGSF3 889 0394 096 6064 175 4264 243 8434 378 800 ProCredit Holding AG, Flag of Germany.svg Federal Republic of Germany – 100%
8.Allianz Bank BulgariaBUINBGSF3 763 9623 916 9143 945 6504 066 7064 169 829Allianz Bulgaria Holding JSC, Flag of Bulgaria.svg Republic of Bulgaria – 99.9%
9.InvestbankIORTBGSF2 862 2743 016 6583 164 6463 288 1913 262 768Festa Holding JSC, Flag of Bulgaria.svg Republic of Bulgaria – 83.8%

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

10. TBI Bank TBIBBGSF2 433 9442 663 4582 906 5153 102 8413 233 460TBIF Financial Services B.V., Flag of the Netherlands.svg Kingdom of the Netherlands – 100%
11.Bulgarian-American Credit BankBGUSBGSF2 521 8522 398 4322 790 1762 880 7582 892 490CSIF JSC, Flag of Bulgaria.svg Republic of Bulgaria – 45.67%

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

12. Bulgarian Development Bank NASBBGSF3 080 9742 829 4322 800 2242 632 6612 785 815 Ministry of Innovation and Growth, Flag of Bulgaria.svg Republic of Bulgaria – 100%
13.International Asset BankIABGBGSF2 247 3822 426 8172 486 8602 490 4162 614 562Dynatrade International Ltd, Flag of Bulgaria.svg Republic of Bulgaria – 33%
14.Municipal Bank PLCSOMBBGSF2 218 6052 221 3222 368 0462 435 4042 546 155NOVITO OPPORTUNITIES FUND AGMVK, Flag of Liechtenstein.svg Principality of Liechtenstein – 96.51%
15.D Commerce BankDEMIBGSF1 762 6741 744 0601 660 0302 240 6722 196 000Fuat 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 BranchCITIBGSF1 829 1312 009 0981 746 4071 913 2911 892 688Citibank Europe Plc., Flag of Ireland.svg Republic of Ireland – 100%
17. ING Bank N.V., Sofia BranchINGBBGSF1 350 8091 371 0931 255 5961 341 6791 489 072 ING Bank N.V., Flag of the Netherlands.svg Kingdom of the Netherlands – 100%
18. Texim Bank TEXIBGSF599 154608 090645 410630 154659 470Web Finance Holding AD, Flag of Bulgaria.svg Republic of Bulgaria – 16.64%
19.BNP Paribas S.A. – Sofia BranchBNPABGSX861 723768 516728 392678 282637 227 BNP Paribas S.A., Flag of France.svg Republic of France – 100%
20.Tokuda BankCREXBGSF467 168473 680485 465498 475503 381Tokushukai Incorporated, Flag of Japan.svg Japan – 99.94%
21.T.C. Ziraat Bank, Sofia BranchTCZBBGSF384 346363 903416 158410 836390 775 T.C. Ziraat Bankasi A.Ş., Ankara, Flag of Turkey.svg Republic of Turkey – 100%
22.Varengold Bank AG, Sofia BranchVGAGBGSF71 91089 53972 46876 20296 738 Varengold Bank AG, Flag of Germany.svg Federal Republic of Germany – 100%
23.Bigbank AS, Bulgaria BranchBIGKBGSF15 17716 82020 90623 39733 800 Bigbank AS, Flag of Estonia.svg Estonia – 100%

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References

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