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

(2021)

 Name SWIFT (BIC) Assets June 2020[1] Assets Sept 2020[2] Assets Dec 2020[3] Assets Mar 2021 Assets Jun 2021 Assets Sep 2021[4] Shareholders - over 10% (Jun 2021)
1. UniCredit Bulbank UNCRBGSF 21 877 486 23 099 082 24 107 528 24 820 810 24 497 767 25 020 631 UNICREDIT S.P.A., Republic of Italy – 99.45%
2. DSK Bank STSABGSF 21 948 681 22 330 990 22 808 868 23 265 250 23 534 802 24 031 832 OTP Bank RT, Hungary – 99.91%
3. United Bulgarian Bank UBBSBGSF 11 646 597 11 655 267 12 797 159 13 068 886 13 590 977 14 148 668 KBC BANK N.V., Kingdom of Belgium – 99,92%
4. Eurobank Bulgaria (Postbank) BPBIBGSF 10 974 934 11 416 236 12 103 849 12 545 602 13 078 264 13 939 300 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 9 998 352 10 476 617 10 782 868 11 036 780 10 827 722 11 169 935 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 9 369 139 9 713 798 9 625 566 9 788 970 9 995 619 10 523 001 Raiffeisen Bank International AG (Raiffeisen SEE Region Holding GmbH), Republic of Austria – 100%
7. Central Cooperative Bank CECBBGSF 6 254 882 6 303 005 6 641 168 6 868 790 6 859 569 7 117 326 CCB Group EAD, Republic of Bulgaria – 61.05%
8. Allianz Bank Bulgaria BUINBGSF 3 054 222 3 094 519 3 285 384 3 140 883 3 382 094 3 881 860 Allianz Bulgaria Holding JSC, Republic of Bulgaria – 99.89%
9. Bulgarian Development Bank NASBBGSF 3 511 067 3 649 742 4 006 854 3 979 335 3 809 332 3 528 440 Ministry of the Economy, Republic of Bulgaria – 100%
10. ProCredit Bank, Bulgaria PRCBBGSF 2 573 932 2 828 832 2 920 323 3 046 966 2 934 451 2 992 086 ProCredit Holding AG, Federal Republic of Germany – 100%
11. Investbank IORTBGSF 1 969 892 2 044 345 2 200 670 2 320 906 2 477 588 2 479 379 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 2 044 862 1 969 063 2 058 213 2 211 545 2 269 538 2 117 766 NOVITO OPPORTUNITIES FUND AGMVK, Principality of Liechtenstein – 95.50%
13. Bulgarian-American Credit Bank BGUSBGSF 1 673 940 1 757 269 1 869 029 1 951 321 1 989 959 2 093 664 CSIF JSC, Republic of Bulgaria – 45.67%

LTBI HOLDINGS LLC, USA – 33.43%

14. International Asset Bank IABGBGSF 1 607 119 1 610 860 1 780 961 1 789 386 1 800 247 1 854 515 Dynatrade International Ltd, Republic of Bulgaria – 33%
15. Citibank Europe, Bulgaria Branch CITIBGSF 1 168 667 1 424 295 1 174 623 1 238 197 1 033 663 1 329 438 Citibank Europe Plc., Republic of Ireland – 100%
16. TBI Bank TBIBBGSF 944 933 996 878 1 027 862 1 139 102 1 137 963 1 249 413 TBIF Financial Services B.V., Kingdom of the Netherlands – 100%
17. ING Bank N.V., Sofia Branch INGBBGSF 1 060 141 1 134 864 989 154 1 192 223 1 311 169 1 235 095 ING Bank N.V., Kingdom of the Netherlands – 100%
18. D Commerce Bank DEMIBGSF 1 068 569 1 060 053 1 160 962 1 209 492 1 165 352 1 213 889 Fuat Güven (Fuat Hyusniev Osmanov), Republic of Bulgaria – 55.52%

FORTERA EAD, Republic of Bulgaria – 44.48%

19. BNP Paribas Personal Finance S.A. - Bulgaria Branch BNPABGSX 713 078 688 428 689 877 697 062 700 447 742 078 BNP Paribas Personal Finance S.A., Republic of France – 100%
20. BNP Paribas S.A. – Sofia Branch BNPABGSX 892 929 932 324 901 799 927 302 878 102 702 697 BNP Paribas S.A., Republic of France – 100%
21. Texim Bank TEXIBGSF 380 063 446 782 462 623 467 827 495 858 509 803 Web Finance Holding AD, Republic of Bulgaria – 18.88%
22. Tokuda Bank CREXBGSF 380 734 381 757 396 799 408 389 416 395 426 705 Tokushukai Incorporated, Japan – 99.94%
23. T.C. Ziraat Bank, Sofia Branch TCZBBGSF 161 878 206 355 210 021 246 987 253 185 261 417 T.C. Ziraat Bank, Ankara, Republic of Turkey – 100%
24. Varengold Bank AG, Sofia Branch VGAGBGSF 145 129 156 33 963 81 041 Varengold Bank AG, Federal Republic of Germany – 100%
25. Bigbank AS, Bulgaria Branch 979 1 240 Bigbank AS, Estonia – 100%

References
  1. "Банките в България - Юни 2020" (PDF).
  2. "Банките в България - Юли - септември 2020 г." (PDF).{{cite web}}: CS1 maint: url-status (link)
  3. "Banks in Bulgaria - Oct - Dec 2020" (PDF).{{cite web}}: CS1 maint: url-status (link)
  4. "Банките в България - Юли – септември 2021" (PDF).
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