Created by Anna Mileiko, last update 14 February 2024 
Established in 1999, Bulgarian Development Bank is a specialized state-owned bank supporting domestic small- and medium-sized enterprises through direct financing as well as financing via other credit institutions. Bulgarian Development Bank is focused on start-ups and innovative companies, exporters of finished goods, manufactoring industry, extractive industry, argiculature and tourism.
In 2023, Bulgarian Development Bank achieved the position of 11th largest bank in Bulgaria with a market share of 1.63%; its total assets dropped by 8.88%.
Additionally, the bank became the 19th profitable bank in relation to its total assets showcasing 1.18% return on assets and 2.95% return on equity in 2023.
Also the lender held the 2nd position regarging its loans-to-deposits (L/D) registering 131.10% L/D ratio in 2023.
Deposits up to 100,000 EUR are covered by Bulgarian deposit guarantee scheme in Bulgarian Development Bank.
Becoming a client of Bulgarian Development Bank can be done in a few steps:
Bulgarian Development Bank performs client's identity verification via branch visit.
branch
online banking
Bulgarian Development Bank is the 11th largest bank in Bulgaria in terms of total assets. In 2023 its total assets were 2 800,22 mln BGN, providing the bank with the market share of 1.63%. In 2023 the bank's net income was 34,77 mln BGN.
Bulgarian Development Bank is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality).
Bulgarian Deposit Insurance Fund (BDIF)Bulgarian Development Bank participates in the deposit guarantee scheme of Bulgaria which applies to all funds on a bank account made by natural persons (Bulgarian and foreign), legal entities (Bulgarian and foreign) and covers up to up to 100,000 EUR per bank per depositor. Bulgarian Development Bank is a member of Bulgarian Deposit Insurance Fund (BDIF) and makes its contributions into it.
1, Dyakon Ignatiy Str., 1000, Sofia, BulgariaBulgarian Development Bank is headquartered in Sofia.
Bulgarian Development Bank has profiles at the following social networks:
Bulgarian Development Bank is authorized and supervised by the Bulgarian National Bank (reference number 620).
