Created by Anna Mileiko 
tbi bank (Bulgaria) was founded in 2011 when TBIF Financial Services, an Amsterdam-based investment management company active green field investors in the banking and consumer finance space in Central and Eastern Europe, acquired the Bulgarian branch of Nova Ljubljanska Banka.
tbi bank is a mobile-first challenger bank specialized on alternative payment solutions, building an ecosystem by combining financing and shopping to address customers’ needs. tbi bank focuses on helping merchants to grow their business as well as providing consumers with financial products and services that make their lives easier.
In 2023, TBI Bank EAD achieved the position of 10th largest bank in Bulgaria with a market share of 1.69%; its total assets grew by 38.99%.
Additionally, the bank became the 1st profitable bank in relation to its total assets showcasing 4.17% return on assets and 26.06% return on equity in 2023.
Also the lender held the 8th position regarging its loans-to-deposits (L/D) registering 82.56% L/D ratio in 2023.
Deposits up to 100,000 EUR are covered by Bulgarian deposit guarantee scheme in TBI Bank EAD.
Bulgaria
Romania
Greece
Germany
LithuaniaBGN (Bulgarian lev)
EUR (Euro)
USD (US dollar)
Becoming a client of TBI Bank EAD can be done in a few steps:
branch
mobile app
TBI Bank EAD ranks as the 10th largest bank in Bulgaria by total assets. In 2023 its total assets were 2,907.87 mln BGN, representing a 1.69% market share. In 2023 the bank's net income was 104.13 mln BGN.
Bulgarian Deposit Insurance Fund (BDIF)TBI Bank EAD protects deposits up to up to 100,000 EUR per depositor through Bulgaria's deposit guarantee scheme. The scheme applies to all funds on a bank account made by natural persons (Bulgarian and foreign), legal entities (Bulgarian and foreign). The bank participates in the Bulgarian Deposit Insurance Fund (BDIF), making regular contributions into it.
52-54, Dimitar Hadzhikotsev Str., 1421, Sofia, BulgariaTBI Bank EAD is headquartered in Sofia.
TBI Bank EAD has profiles at the following social networks:
TBI Bank EAD is authorized and supervised by the Bulgarian National Bank (reference number 310).
BulgariaRomaniaGreeceGermanyLithuaniaBGNEURUSDVisaTBI Bank EAD provides products and services in the areas of retail banking, business banking. TBI Bank EAD offers a range of products including savings accounts, time deposit accounts (0.05 - 2.50 %), debit cards, business accounts, business cards, consumer loans, business loans.
In Bulgaria, opening current account with tbi bank can be done entirely digitally thought tbi bank app.
branch mobile appProducts and services offered by TBI Bank EAD are available at its branches and via its mobile application.
Bulgarian
EnglishRomanianGreekTime deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
TBI Bank EAD offers the following time deposit accounts.
Updated on 6 December 2024
GermanyGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Time deposit accounts made with TBI Bank EAD are covered bydeposit guarantee scheme of Bulgariaup to 100,000 EUR per depositor.
Withholding Tax. Interest gained on time deposit accounts by non-residents of Bulgariais taxed at 0.00% rate. When the interest is paid, this tax is automatically withhold by TBI Bank EAD from the time deposit account. Interest income gained on time deposit accounts by residents of Bulgariais not taxed.
In 2023 total assets of TBI Bank EAD were 2,907.87 mln BGN. Growth compared to the previous period (2022) was 38.99%. The evolution of the total assets of TBI Bank EAD is shown at Chart 1 below.
Chart 1. Total Assets of TBI Bank EAD.
Recent changes in total assets of TBI Bank EAD and its main components are shown in Table 1.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Cash and deposits with Central Banks | 382.0 | 457.1 | +19.67% |
| Loans | 1,432.0 | 1,932.2 | +34.93% |
| Total Assets | 2,092.2 | 2,907.9 | +38.99% |
Table 1. Recent changes in total assets of TBI Bank EAD (mln BGN).
Recent changes in total liabilities of TBI Bank EAD and its main components are shown in Table 2.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Deposits | 1,654.9 | 2,340.4 | +41.43% |
| Total Liabilities | 2,092.2 | 2,907.9 | +38.99% |
Table 2. Recent changes in total liabilities of TBI Bank EAD (mln BGN).
Recent changes in gross profit of TBI Bank EAD and its main components are shown in Table 3.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Interest Income | 263.0 | 381.0 | +44.86% |
| Interest Charges | -22.9 | -70.5 | +207.77% |
| Commission Income | 65.9 | 99.5 | +51.12% |
| Commission Charges | -8.5 | -9.7 | +15.07% |
Table 3. Recent changes in gross profit of TBI Bank EAD (mln BGN).
In 2023 net income of TBI Bank EAD was 104.13 mln BGN. Decline compared to the previous period (2022) was -17.51%. The evolution of the net income of TBI Bank EAD is shown at Chart 2 below.
Chart 2. Net Income of TBI Bank EAD.
In 2023 TBI Bank EAD was ranked the 10th largest bank in Bulgariain terms of total assets, having 1.69% of the domestic market share. TBI Bank EAD also became # 9 in terms of loans (market share - 1.60%), # 11 in terms of deposits (market share - 1.56%).
Chart 3. Market share of TBI Bank EAD (among banks in Bulgaria)
Historical changes in TBI Bank EAD's domestic rank and market share over 2019-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 10 | 1.69 % |
| 2022 | 15 | 1.35 % |
| 2021 | 16 | 0.96 % |
| 2020 | 17 | 0.83 % |
| 2019 | 19 | 0.77 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to TBI Bank EAD listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 9 |  | 1.84% | 3,164.65 mln BGN (+11.32%) |
| 10 | | 1.69% | 2,907.87 mln BGN (+38.99%) |
| 11 |  | 1.63% | 2,800.22 mln BGN (-8.88%) |
Discover key identifiers of TBI Bank EAD including its BIC, LEI, MFI ID.
BIC: TBIBBGSF
The BIC (also known as SWIFT code) for TBI Bank EAD is TBIBBGSF. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | TBIBBGSF |
| Bank BIC Code | TBIB |
| Country Code | BG (Bulgaria) |
| Location Code | SF |
| Branch Code | - |
LEI: 529900KIX7269PVMPY26
TBI Bank EAD’s LEI is 529900KIX7269PVMPY26. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.
| Key | Value |
|---|---|
| LEI | 529900KIX7269PVMPY26 |
| LOU Identifier | 5299 |
| Reserved | 00 |
| Entity Identifier | KIX7269PVMPY |
| Verification ID | 26 |
MFI ID: BGTBIB9310
TBI Bank EAD’s MFI ID, BGTBIB9310, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Bulgaria (BG), followed by the institutions's internal ID.
| Key | Value |
|---|---|
| MFI ID | BGTBIB9310 |
| Country Code | BG |
| MFI Code | TBIB9310 |
TheBanks.eu identified several banks similar to TBI Bank EAD based on various criteria, including:
