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

(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., Republic of Italy – 99.45%
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, Hungary – 99.92%
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., Kingdom of Belgium – 99,92%
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., Greece – 56,14%

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

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, Republic of Bulgaria – 27.33%

Ivaylo Dimitrov Mutafchiev, Republic of Bulgaria – 27.33%

Bulgarian Development Bank, Republic of Bulgaria - 18.35%

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., Kingdom of Belgium – 100%
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, Republic of Bulgaria – 61.05%
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, Republic of Bulgaria – 99.89%
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, Federal Republic of Germany – 100%
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, Republic of Bulgaria – 100%
11. Investbank IORTBGSF 2 477 588 2 479 379 2 543 097 2 675 609 2 705 391 2 892 849 Festa Holding JSC, Republic of Bulgaria – 55.75%

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

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

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, Republic of Bulgaria – 45.67%

LTBI HOLDINGS LLC, USA – 33.45%

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, Principality of Liechtenstein – 95.50%
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, Republic of Bulgaria – 33%
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., Republic of Ireland – 100%
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., Kingdom of the Netherlands – 100%
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), Republic of Bulgaria – 55.52%

FORTERA EAD, Republic of Bulgaria – 44.48%

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., Kingdom of the Netherlands – 100%
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., Republic of France – 100%
20. BNP Paribas S.A. – Sofia Branch BNPABGSX 878 102 702 697 638 727 755 977 826 408 855 941 BNP Paribas S.A., Republic of France – 100%
21. Texim Bank TEXIBGSF 495 858 509 803 536 816 521 983 537 159 586 449 Web Finance Holding AD, Republic of Bulgaria – 18.88%
22. Tokuda Bank CREXBGSF 416 395 426 705 429 746 447 427 457 234 457 075 Tokushukai Incorporated, Japan – 99.94%
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, Republic of Turkey – 100%
24. Varengold Bank AG, Sofia Branch VGAGBGSF 33 963 81 041 44 636 52 826 56 355 76 797 Varengold Bank AG, Federal Republic of Germany – 100%
25. Bigbank AS, Bulgaria Branch BIGKBGSF 979 1 240 5 767 11 644 15 920 16 288 Bigbank AS, Estonia – 100%

References

  1. ^ "Банките в България - Юли – септември 2021" (PDF).
  2. ^ "Банките в България - Октомври – Декември 2021 - БНБ" (PDF).
  3. ^ "Banks in Bulgaria Jan-Mar 2022" (PDF).
  4. ^ "Banks in Bulgaria Apr-Jun 2022" (PDF).
  5. ^ "Banks in Bulgaria, Jul-Sep 2022" (PDF). ISSN 2367-4970.
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