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 Jun 2021 | Assets Sep 2021[1] | Assets Dec 2021[2] | Assets Mar 2022[3] | Assets Jun 2022[4] | Assets Sep 2022[5] | Shareholders - over 10% (Jun 2021) |
---|---|---|---|---|---|---|---|---|---|
1. | UniCredit Bulbank | UNCRBGSF | 24 497 767 | 25 020 631 | 24 948 376 | 26 610 890 | 26 362 382 | 27 894 886 | UNICREDIT S.P.A., ![]() |
2. | DSK Bank | STSABGSF | 23 534 802 | 24 031 832 | 24 412 967 | 25 117 592 | 25 218 205 | 27 213 192 | OTP Bank RT, ![]() |
3. | United Bulgarian Bank | UBBSBGSF | 13 590 977 | 14 148 668 | 15 530 276 | 16 064 702 | 16 541 941 | 16 598 935 | KBC BANK N.V., ![]() |
4. | Eurobank Bulgaria (Postbank) | BPBIBGSF | 13 078 264 | 13 939 300 | 14 490 094 | 14 918 142 | 14 775 360 | 15 650 085 | Eurobank Ergasias S.A., ![]() ERB New Europe Holding B.V., |
5. | First Investment Bank (Fibank) | FINVBGSF | 10 827 722 | 11 169 935 | 11 268 870 | 11 518 355 | 11 817 493 | 12 422 677 | Tzeko Todorov Minev, ![]() Ivaylo Dimitrov Mutafchiev, Bulgarian Development Bank, |
6. | KBC Bank Bulgaria | RZBBBGSF | 9 995 619 | 10 523 001 | 10 846 991 | 11 209 825 | 11 377 072 | 11 958 070 | KBC BANK N.V., ![]() |
7. | Central Cooperative Bank | CECBBGSF | 6 859 569 | 7 117 326 | 7 383 943 | 7 480 212 | 7 462 538 | 7 608 858 | CCB Group EAD, ![]() |
8. | Allianz Bank Bulgaria | BUINBGSF | 3 382 094 | 3 881 860 | 3 622 173 | 3 731 510 | 3 817 919 | 3 637 256 | Allianz Bulgaria Holding JSC, ![]() |
9. | ProCredit Bank, Bulgaria | PRCBBGSF | 2 934 451 | 2 992 086 | 3 190 468 | 3 394 170 | 3 517 244 | 3 579 594 | ProCredit Holding AG, ![]() |
10. | Bulgarian Development Bank | NASBBGSF | 3 809 332 | 3 528 440 | 3 412 189 | 3 420 528 | 3 419 505 | 3 459 767 | Ministry of Innovation and Growth, ![]() |
11. | Investbank | IORTBGSF | 2 477 588 | 2 479 379 | 2 543 097 | 2 675 609 | 2 705 391 | 2 892 849 | Festa Holding JSC, ![]() Adil Said Ahmed Al Shanfari, Sultanate of Petia Ivanova Barakova-Slavova, |
12. | Bulgarian-American Credit Bank | BGUSBGSF | 1 989 959 | 2 093 664 | 2 198 692 | 2 481 662 | 2 391 253 | 2 567 188 | CSIF JSC, ![]() LTBI HOLDINGS LLC, |
13. | Municipal Bank PLC | SOMBBGSF | 2 269 538 | 2 117 766 | 1 927 908 | 1 992 424 | 1 938 794 | 2 008 735 | NOVITO OPPORTUNITIES FUND AGMVK, ![]() |
14. | International Asset Bank | IABGBGSF | 1 800 247 | 1 854 515 | 1 911 730 | 1 914 172 | 1 916 158 | 1 937 166 | Dynatrade International Ltd, ![]() |
15. | Citibank Europe, Bulgaria Branch | CITIBGSF | 1 033 663 | 1 329 438 | 1 182 028 | 1 187 721 | 1 529 585 | 1 891 001 | Citibank Europe Plc., ![]() |
16. | TBI Bank | TBIBBGSF | 1 137 963 | 1 249 413 | 1 303 226 | 1 383 528 | 1 594 425 | 1 740 899 | TBIF Financial Services B.V., ![]() |
17. | D Commerce Bank | DEMIBGSF | 1 165 352 | 1 213 889 | 1 402 210 | 1 400 074 | 1 511 289 | 1 409 814 | Fuat Güven (Fuat Hyusniev Osmanov), ![]() FORTERA EAD, |
18. | ING Bank N.V., Sofia Branch | INGBBGSF | 1 311 169 | 1 235 095 | 1 163 580 | 1 147 268 | 1 135 148 | 1 192 809 | ING Bank N.V., ![]() |
19. | BNP Paribas Personal Finance S.A. - Bulgaria Branch | BNPABGSX | 700 447 | 742 078 | 776 691 | 779 588 | 840 108 | 878 972 | BNP Paribas Personal Finance S.A., ![]() |
20. | BNP Paribas S.A. – Sofia Branch | BNPABGSX | 878 102 | 702 697 | 638 727 | 755 977 | 826 408 | 855 941 | BNP Paribas S.A., ![]() |
21. | Texim Bank | TEXIBGSF | 495 858 | 509 803 | 536 816 | 521 983 | 537 159 | 586 449 | Web Finance Holding AD, ![]() |
22. | Tokuda Bank | CREXBGSF | 416 395 | 426 705 | 429 746 | 447 427 | 457 234 | 457 075 | Tokushukai Incorporated, ![]() |
23. | T.C. Ziraat Bank, Sofia Branch | TCZBBGSF | 253 185 | 261 417 | 255 550 | 301 009 | 312 228 | 343 799 | T.C. Ziraat Bankasi A.Ş., Ankara, ![]() |
24. | Varengold Bank AG, Sofia Branch | VGAGBGSF | 33 963 | 81 041 | 44 636 | 52 826 | 56 355 | 76 797 | Varengold Bank AG, ![]() |
25. | Bigbank AS, Bulgaria Branch | BIGKBGSF | 979 | 1 240 | 5 767 | 11 644 | 15 920 | 16 288 | Bigbank AS, ![]() |