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.
Аll amounts are in BGN thousand.
Rank
(2022) |
Name | SWIFT (BIC) | Assets Dec 2021[1] | Assets Mar 2022[2] | Assets Jun 2022[3] | Assets Sep 2022[4] | Assets Dec 2022[5] | Shareholders - over 10% (Dec 2022) |
---|---|---|---|---|---|---|---|---|
1. | United Bulgarian Bank | UBBSBGSF | 15 530 276 | 16 064 702 | 16 541 941 | 16 598 935 | 17 527 277 | KBC BANK N.V., ![]() |
KBC Bank Bulgaria
(Merged into United Bulgarian Bank on 10.04.2023)[6] |
RZBBBGSF | 10 846 991 | 11 209 825 | 11 377 072 | 11 958 070 | 12 407 255 | ||
2. | DSK Bank | STSABGSF | 24 412 967 | 25 117 592 | 25 218 205 | 27 213 192 | 28 967 838 | OTP Bank RT, ![]() |
3. | UniCredit Bulbank | UNCRBGSF | 24 948 376 | 26 610 890 | 26 362 382 | 27 894 886 | 28 889 110 | UNICREDIT S.P.A., ![]() |
4. | Eurobank Bulgaria (Postbank) | BPBIBGSF | 14 490 094 | 14 918 142 | 14 775 360 | 15 650 085 | 16 365 976 | Eurobank Ergasias S.A., ![]() ERB New Europe Holding B.V., |
5. | First Investment Bank (Fibank) | FINVBGSF | 11 268 870 | 11 518 355 | 11 817 493 | 12 422 677 | 12 714 058 | Tzeko Todorov Minev, ![]() Ivaylo Dimitrov Mutafchiev, Bulgarian Development Bank, |
6. | Central Cooperative Bank | CECBBGSF | 7 383 943 | 7 480 212 | 7 462 538 | 7 608 858 | 7 789 916 | CCB Group EAD, ![]() |
7. | Allianz Bank Bulgaria | BUINBGSF | 3 622 173 | 3 731 510 | 3 817 919 | 3 637 256 | 3 997 100 | Allianz Bulgaria Holding JSC, ![]() |
8. | ProCredit Bank, Bulgaria | PRCBBGSF | 3 190 468 | 3 394 170 | 3 517 244 | 3 579 594 | 3 743 202 | ProCredit Holding AG, ![]() |
9. | Bulgarian Development Bank | NASBBGSF | 3 412 189 | 3 420 528 | 3 419 505 | 3 459 767 | 3 073 175 | Ministry of Innovation and Growth, ![]() |
10. | Investbank | IORTBGSF | 2 543 097 | 2 675 609 | 2 705 391 | 2 892 849 | 2 842 847 | Festa Holding JSC, ![]() Adil Said Ahmed Al Shanfari, Sultanate of Petia Ivanova Barakova-Slavova, |
11. | Bulgarian-American Credit Bank | BGUSBGSF | 2 198 692 | 2 481 662 | 2 391 253 | 2 567 188 | 2 656 117 | CSIF JSC, ![]() LTBI HOLDINGS LLC, |
12. | International Asset Bank | IABGBGSF | 1 911 730 | 1 914 172 | 1 916 158 | 1 937 166 | 2 225 182 | Dynatrade International Ltd, ![]() |
13. | Municipal Bank PLC | SOMBBGSF | 1 927 908 | 1 992 424 | 1 938 794 | 2 008 735 | 2 154 155 | NOVITO OPPORTUNITIES FUND AGMVK, ![]() |
14. | TBI Bank | TBIBBGSF | 1 303 226 | 1 383 528 | 1 594 425 | 1 740 899 | 2 096 750 | TBIF Financial Services B.V., ![]() |
15. | Citibank Europe, Bulgaria Branch | CITIBGSF | 1 182 028 | 1 187 721 | 1 529 585 | 1 891 001 | 1 832 315 | Citibank Europe Plc., ![]() |
16. | D Commerce Bank | DEMIBGSF | 1 402 210 | 1 400 074 | 1 511 289 | 1 409 814 | 1 582 191 | Fuat Güven (Fuat Hyusniev Osmanov), ![]() FORTERA EAD, |
17. | ING Bank N.V., Sofia Branch | INGBBGSF | 1 163 580 | 1 147 268 | 1 135 148 | 1 192 809 | 1 178 898 | ING Bank N.V., ![]() |
18. | BNP Paribas Personal Finance S.A. - Bulgaria Branch | BNPABGSX | 776 691 | 779 588 | 840 108 | 878 972 | 963 210 | BNP Paribas Personal Finance S.A., ![]() |
19. | BNP Paribas S.A. – Sofia Branch | BNPABGSX | 638 727 | 755 977 | 826 408 | 855 941 | 872 986 | BNP Paribas S.A., ![]() |
20. | Texim Bank | TEXIBGSF | 536 816 | 521 983 | 537 159 | 586 449 | 596 903 | Web Finance Holding AD, ![]() |
21. | Tokuda Bank | CREXBGSF | 429 746 | 447 427 | 457 234 | 457 075 | 459 660 | Tokushukai Incorporated, ![]() |
22. | T.C. Ziraat Bank, Sofia Branch | TCZBBGSF | 255 550 | 301 009 | 312 228 | 343 799 | 373 936 | T.C. Ziraat Bankasi A.Ş., Ankara, ![]() |
23. | Varengold Bank AG, Sofia Branch | VGAGBGSF | 44 636 | 52 826 | 56 355 | 76 797 | 79 712 | Varengold Bank AG, ![]() |
24. | Bigbank AS, Bulgaria Branch | BIGKBGSF | 5 767 | 11 644 | 15 920 | 16 288 | 15 176 | Bigbank AS, ![]() |