Created by Anna Mileiko 
BIGBANK specializes in providing term deposits and consumer loans. It was founded in 1992 in the city of Tartu, Estonia, and now also operates in Latvia, Lithuania, Finland, Spain and Sweden. BIGBANK offers cross-border services in the German, Austrian and Dutch markets. BIGBANK is one of the largest providers of loans to individuals in the Baltic states.
Bigbank AS - Branch Bulgaria operates as a branch of Bigbank AS (Estonia).
In 2023, Bigbank AS - Branch Bulgaria achieved the position of 23rd largest bank in Bulgaria with a market share of 0.01%; its total assets grew by 37.76%.
Additionally, the bank became the 23rd profitable bank in relation to its total assets showcasing -5.31% return on assets and 22.59% return on equity in 2023.
Also the lender held the 22nd position regarging its loans-to-deposits (L/D) registering 32.62% L/D ratio in 2023.
Deposits up to 100,000 EUR are covered by Estonian deposit guarantee scheme in Bigbank AS - Branch Bulgaria.
Becoming a client of Bigbank AS - Branch Bulgaria can be done in a few steps:
Bigbank AS - Branch Bulgaria performs client's identity verification via branch visit.
branch
online banking
mobile app
Bigbank AS - Branch Bulgaria ranks as the 23rd largest bank in Bulgaria by total assets. In 2023 its total assets were 20.91 mln BGN, representing a 0.01% market share. In 2023 the bank's net income was -958,000.00 BGN.
Guarantee Fund of Estonia (GFE)Bigbank AS - Branch Bulgaria protects deposits up to up to 100,000 EUR per depositor through Estonia's deposit guarantee scheme. The scheme applies to current accounts, demand deposits, term deposits made by natural persons (Estonian and foreign), legal entities (Estonian and foreign). The bank participates in the Guarantee Fund of Estonia (GFE), making regular contributions into it.
88, Bulgaria Blvd., 1680, Sofia, BulgariaBigbank AS - Branch Bulgaria is located in Sofia.
Bigbank AS - Branch Bulgaria is authorized and supervised by the Bulgarian National Bank (reference number 879).
Bigbank AS - Branch Bulgaria provides services in the area of retail banking. Bigbank AS - Branch Bulgaria offers a range of products including time deposit accounts, consumer loans, car loans, travel loans, renovation loans. Bigbank AS - Branch Bulgaria makes its solutions available to natural persons.
Opening an account with Bigbank AS - Branch Bulgaria can be done by performing the following steps: visit bank branch.
Bigbank AS - Branch Bulgaria performs identity verification using branch visit.
branch online banking mobile appProducts and services offered by Bigbank AS - Branch Bulgaria are available at its branches and via its online banking system, mobile application.
In 2023 total assets of Bigbank AS - Branch Bulgaria were 20.91 mln BGN. Growth compared to the previous period (2022) was 37.76%. The evolution of the total assets of Bigbank AS - Branch Bulgaria is shown at Chart 1 below.
Chart 1. Total Assets of Bigbank AS - Branch Bulgaria.
Recent changes in total assets of Bigbank AS - Branch Bulgaria and its main components are shown in Table 1.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Cash and deposits with Central Banks | 3.1 | 12.4 | +296.20% |
| Loans | 11.8 | 8.3 | -29.59% |
| Total Assets | 15.2 | 20.9 | +37.76% |
Table 1. Recent changes in total assets of Bigbank AS - Branch Bulgaria (mln BGN).
Recent changes in total liabilities of Bigbank AS - Branch Bulgaria and its main components are shown in Table 2.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Deposits | 18.9 | 25.5 | +34.52% |
| Total Liabilities | 15.2 | 20.9 | +37.76% |
Table 2. Recent changes in total liabilities of Bigbank AS - Branch Bulgaria (mln BGN).
Recent changes in gross profit of Bigbank AS - Branch Bulgaria and its main components are shown in Table 3.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Interest Income | 1.7 | 1.4 | -13.81% |
| Interest Charges | -0.2 | -0.5 | +166.15% |
| Commission Income | 0.1 | 0.1 | +3.77% |
| Commission Charges | 0.0 | 0.0 | +100.00% |
Table 3. Recent changes in gross profit of Bigbank AS - Branch Bulgaria (mln BGN).
In 2023 net income of Bigbank AS - Branch Bulgaria was -958,000.00 BGN. Decline compared to the previous period (2022) was -60.33%. The evolution of the net income of Bigbank AS - Branch Bulgaria is shown at Chart 2 below.
Chart 2. Net Income of Bigbank AS - Branch Bulgaria.
In 2023 Bigbank AS - Branch Bulgaria was ranked the 23rd largest bank in Bulgariain terms of total assets, having 0.01% of the domestic market share. Bigbank AS - Branch Bulgaria also became # 23 in terms of loans (market share - 0.01%), # 22 in terms of deposits (market share - 0.02%).
Chart 3. Market share of Bigbank AS - Branch Bulgaria (among banks in Bulgaria)
Historical changes in Bigbank AS - Branch Bulgaria's domestic rank and market share over 2021-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 23 | 0.01 % |
| 2022 | 25 | 0.01 % |
| 2021 | 25 | 0.00 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to Bigbank AS - Branch Bulgaria listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 20 |  | 0.28% | 485.42 mln BGN (+5.69%) |
| 21 |  | 0.24% | 416.16 mln BGN (+11.29%) |
| 22 |  | 0.04% | 72.47 mln BGN (-9.09%) |
| 23 | | 0.01% | 20.91 mln BGN (+37.76%) |
Discover key identifiers of Bigbank AS - Branch Bulgaria including its MFI ID.
MFI ID: BG206302580
Bigbank AS - Branch Bulgaria’s MFI ID, BG206302580, 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 | BG206302580 |
| Country Code | BG |
| MFI Code | 206302580 |
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