List of banks in Bulgaria

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.

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, several banks offer their products via the Internet.

Bulgaria is also part of the Single Euro Payments Area (SEPA).

The following is a list of banks in Bulgaria.

Central bank

Development banks

Commercial banks

Аll amounts are in BGN thousand.

Rank

(2020)

 Name SWIFT (BIC) Assets June 2019[1] Assets Sept 2019[2] Assests Dec 2019[3] Assests Mar 2020[4] Assets June 2020[5] Assets Sept 2020[6] Shareholders - over 10% (Sept 2020)
1. UniCredit Bulbank UNCRBGSF 19 581 814 20 475 437 21 639 060 21 122 995 21 877 486 23 099 082 UNICREDIT S.P.A., Republic of Italy – 99.45%
2. DSK Bank STSABGSF 15 429 850 15 922 173 15 902 565 17 222 226 21 948 681 22 330 990 OTP Bank RT, Hungary – 99.91%
3. United Bulgarian Bank UBBSBGSF 11 674 452 11 642 586 12 172 265 11 607 375 11 646 597 11 655 267 KBC BANK N.V., Kingdom of Belgium – 99,92%
4. Eurobank Bulgaria (Postbank) BPBIBGSF 8 838 135 9 217 319 11 183 700 10 940 968 10 974 934 11 416 236 Eurobank Ergasias S.A., Greece – 56,14%

ERB New Europe Holding B.V., Kingdom of the Netherlands – 43,85%

5. First Investment Bank (Fibank) FINVBGSF 9 538 493 9 626 378 10 200 031 10 146 647 9 998 352 10 476 617 Tzeko Todorov Minev, Republic of Bulgaria – 27.33%

Ivaylo Dimitrov Mutafchiev, Republic of Bulgaria – 27.33%

Bulgarian Development Bank, Republic of Bulgaria - 18.35%

6. Raiffeisenbank, Bulgaria RZBBBGSF 8 030 170 8 518 101 8 817 765 9 017 879 9 369 139 9 713 798 Raiffeisen Bank International AG (Raiffeisen SEE Region Holding GmbH), Republic of Austria – 100%
7. Central Cooperative Bank CECBBGSF 5 722 713 5 866 767 6 105 407 6 172 151 6 254 882 6 303 005 CCB Group EAD, Republic of Bulgaria – 61.05%
8. Bulgarian Development Bank NASBBGSF 2 844 206 2 721 577 3 173 535 3 277 405 3 511 067 3 649 742 Ministry of the Economy, Republic of Bulgaria – 100%
9. Allianz Bank Bulgaria BUINBGSF 2 860 997 2 932 443 2 884 167 2 880 415 3 054 222 3 094 519 Allianz Bulgaria Holding JSC, Republic of Bulgaria – 99.89%
10. ProCredit Bank, Bulgaria PRCBBGSF 2 217 226 2 364 795 2 498 527 2 465 418 2 573 932 2 828 832 ProCredit Holding AG, Federal Republic of Germany – 100%
11. Investbank IORTBGSF 1 982 976 1 929 475 1 898 475 1 912 400 1 969 892 2 044 345 Festa Holding JSC, Republic of Bulgaria – 52.77%

Adil Said Ahmed Al Shanfari, Sultanate of Oman – 28.04%

Petia Ivanova Barakova-Slavova, Republic of Bulgaria – 10.55%

12. Municipal Bank PLC SOMBBGSF 2 168 014 2 013 673 2 045 623 2 062 251 2 044 862 1 969 063 NOVITO OPPORTUNITIES FUND AGMVK, Principality of Liechtenstein – 95.50%
13. Bulgarian-American Credit Bank BGUSBGSF 1 460 594 1 543 933 1 670 726 1 603 802 1 673 940 1 757 269 CSIF JSC, Republic of Bulgaria – 61.56%

LTBI HOLDINGS LLC, USA – 33.42%

14. International Asset Bank IABGBGSF 1 504 520 1 550 024 1 547 567 1 563 719 1 607 119 1 610 860 Dynatrade International Ltd, Republic of Bulgaria – 33%
15. Citibank Europe, Bulgaria Branch CITIBGSF 838 387 962 654 996 329 1 225 048 1 168 667 1 424 295 Citibank Europe Plc., Republic of Ireland – 100%
16. ING Bank N.V., Sofia Branch INGBBGSF 895 923 932 425 922 679 1 103 924 1 060 141 1 134 864 ING Bank N.V., Kingdom of the Netherlands – 100%
17. D Commerce Bank DEMIBGSF 899 520 991 519 1 017 535 1 060 949 1 068 569 1 060 053 Fuat Güven (Fuat Hyusniev Osmanov), Republic of Bulgaria – 55.52%

FORTERA EAD, Republic of Bulgaria – 44.48%

18. TBI Bank TBIBBGSF 808 141 831 308 871 843 912 478 944 933 996 878 TBIF Financial Services B.V., Kingdom of the Netherlands – 100%
19. BNP Paribas S.A. – Sofia Branch BNPABGSX 766 306 807 084 816 604 956 631 892 929 932 324 BNP Paribas S.A., Republic of France – 100%
20. BNP Paribas Personal Finance S.A. - Bulgaria Branch BNPABGSX 662 378 680 658 727 782 748 041 713 078 688 428 BNP Paribas Personal Finance S.A., Republic of France – 100%
21. Texim Bank TEXIBGSF 333 764 344 580 363 236 372 919 380 063 446 782 Web Finance Holding AD, Republic of Bulgaria – 18.88%
22. Tokuda Bank CREXBGSF 392 152 383 904 392 941 381 045 380 734 381 757 Tokushukai Incorporated, Japan – 99.94%
23. T.C. Ziraat Bank, Sofia Branch TCZBBGSF 146 295 125 138 145 853 152 190 161 878 206 355 T.C. Ziraat Bank, Ankara, Republic of Turkey – 100%
24. Varengold Bank AG, Sofia Branch VGAGBGSF 145 Varengold Bank AG, Federal Republic of Germany – 100%

References
  1. "Banks in Bulgaria - June 2019" (PDF).
  2. "Banks in Bulgaria - Sept 2019".
  3. "Банките в България - декември 2019" (PDF).
  4. "Банките в България - март 2020" (PDF).
  5. "Банките в България - Юни 2020" (PDF).
  6. "Банките в България - Юли - септември 2020 г." (PDF).
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