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Economy and Banking Sector of Bulgaria

Major Banks of Bulgaria

Rank
1
Total Assets
21,639.06 mln BGN  (+11.46%)
Market Share
18.95 %
Rank
2
Total Assets
15,901.62 mln BGN  (+10.02%)
Market Share
13.92 %
Rank
3
Total Assets
12,172.14 mln BGN  (+8.00%)
Market Share
10.66 %
Rank
4
Total Assets
11,185.73 mln BGN  (+36.29%)
Market Share
9.79 %
Rank
5
Total Assets
10,055.78 mln BGN  (+7.99%)
Market Share
8.81 %
Rank
6
Total Assets
8,817.86 mln BGN  (+13.38%)
Market Share
7.72 %
Rank
7
Total Assets
6,343.31 mln BGN  (-1.34%)
Market Share
5.55 %

#1: UniCredit Bulbank AD

UniCredit is one of the largest European commercial banks. UniCredit is focused on providing financial products and services in Western and Central and Eastern Europe. UniCredit has 4 main business lines: commercial banking (including retail, direct, private and business banking), corporate and investment banking, asset management and asset gathering.

UniCredit Bulbank AD is the 1st largest bank in Bulgaria in terms of total assets. In 2019 its total assets were 21 639,06 mln BGN, providing the bank with the market share of 18.95%. In 2019 the bank's net income was 425,11 mln BGN.

UniCredit Bulbank AD is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality). UniCredit Bulbank AD participates in the deposit guarantee scheme of Bulgaria. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#2: DSK Bank EAD

DSK Bank EAD is a universal bank, offering retail and corporate banking products and services to its customers.

DSK Bank EAD is the 2nd largest bank in Bulgaria in terms of total assets. In 2019 its total assets were 15 901,62 mln BGN, providing the bank with the market share of 13.92%. In 2019 the bank's net income was 245,62 mln BGN.

DSK Bank EAD participates in the deposit guarantee scheme of Bulgaria. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#3: United Bulgarian Bank AD

Established in 1992 as a result of the merger of 22 Bulgarian regional commercial banks, United Bulgarian Bank (UBB) became the first and most comprehensive consolidation project in the Bulgarian banking sector. In 2017 United Bulgarian Bank was acquired from the National Bank of Greece by KBC, Belgian banking and insurance group. United Bulgarian Bank provides products and services in the areas of retail, corporate and investment banking as well as treasury and risk management, also United Bulgarian Bank offers asset management, leasing and factoring, brokerage solutions via its subsidiaries.

United Bulgarian Bank AD is the 3rd largest bank in Bulgaria in terms of total assets. In 2019 its total assets were 12 172,14 mln BGN, providing the bank with the market share of 10.66%. In 2019 the bank's net income was 154,70 mln BGN.

United Bulgarian Bank AD is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality). United Bulgarian Bank AD participates in the deposit guarantee scheme of Bulgaria. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#4: Eurobank Bulgaria AD

Eurobank Bulgaria AD is a universal bank, offering retail and corporate banking products and services to its customers.

Eurobank Bulgaria AD is the 4th largest bank in Bulgaria in terms of total assets. In 2019 its total assets were 11 185,73 mln BGN, providing the bank with the market share of 9.79%. In 2019 the bank's net income was 210,52 mln BGN.

Eurobank Bulgaria AD participates in the deposit guarantee scheme of Bulgaria. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#5: First Investment Bank AD

Founded in 1993, First Investment Bank (FI Bank) is the biggest bank with Bulgarian capital. Fibank is an innovative credit institution offering a broad range of products and services to both individual and corporate clients.

Services
retail banking
private banking
corporate banking
Area Served
BGBulgaria
DEGermany
Products
current accounts
credit cards
debit cards
business cards
overdrafts
consumer loans
mortgage loans
business loans

First Investment Bank AD is the 5th largest bank in Bulgaria in terms of total assets. In 2019 its total assets were 10 055,78 mln BGN, providing the bank with the market share of 8.81%. In 2019 the bank's net income was 129,26 mln BGN.

First Investment Bank AD is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is B (highly speculative). Long-term credit rating assigned to the bank by Moody's is B1 (highly speculative). First Investment Bank AD participates in the deposit guarantee scheme of Bulgaria. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#6: Raiffeisenbank (Bulgaria) EAD

Raiffeisenbank (Bulgaria) EAD is a universal bank, offering retail and corporate banking products and services to its customers.

Raiffeisenbank (Bulgaria) EAD is the 6th largest bank in Bulgaria in terms of total assets. In 2019 its total assets were 8 817,86 mln BGN, providing the bank with the market share of 7.72%. In 2019 the bank's net income was 131,86 mln BGN.

Raiffeisenbank (Bulgaria) EAD is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa2 (lower medium grade). Raiffeisenbank (Bulgaria) EAD participates in the deposit guarantee scheme of Bulgaria. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#7: Expressbank AD

Expressbank AD (formerly Societe General Expressbank) has been operating in Bulgaria for more than 20 years, providing a broad range of retail and corporate banking products and services. On January 15, 2019, DSK Bank EAD, the Bulgarian subsidiary of OTP Bank, finalized the acquisition of Societe Generale Expressbank AD and its subsidiaries in Bulgaria. Until the completion of the integration process, which is planned to continue until 2020, DSK Bank EAD and Expressbank AD will continue to operate as two independent banks. As part of OTP Group, Expressbank's goal is to offer its clients an even greater variety of premium services.

Expressbank AD is the 7th largest bank in Bulgaria in terms of total assets. In 2019 its total assets were 6 343,31 mln BGN, providing the bank with the market share of 5.55%. In 2019 the bank's net income was 105,74 mln BGN.

Expressbank AD is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality). Expressbank AD participates in the deposit guarantee scheme of Bulgaria. This scheme covers accounts up to 100,000 EUR per bank per depositor.

See Also