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, all banks offer their services via the Internet. There are also several digital-first banks that offer their services mainly online. Bulgaria is also part of the Single Euro Payments Area (SEPA) and TARGET systems.
Since 1 October 2020 Bulgaria is part of European Banking Union and since 10 July 2020 it is participant into ERM II Mechanism, a step before adopting the Euro as a national currency.
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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 all banks offer their services via the Internet There are also several digital first banks that offer their services mainly online Bulgaria is also part of the Single Euro Payments Area SEPA and TARGET systems Since 1 October 2020 Bulgaria is part of European Banking Union and since 10 July 2020 it is participant into ERM II Mechanism a step before adopting the Euro as a national currency The following is a list of banks in Bulgaria Contents 1 Central bank 2 Development banks 3 Commercial banks 4 ReferencesCentral bank editBulgarian National BankDevelopment banks editBulgarian Development BankCommercial banks editAll amounts are in BGN thousand Rank 2023 Name SWIFT BIC Assets Dec 2022 1 Assets Mar 2023 2 Assets Jun 2023 3 Assets Sep 2023 4 Assets Dec 2023 5 Shareholders over 10 Sep 2023 4 1 United Bulgarian Bank UBBSBGSF 17 527 277 17 784 341 31 372 505 32 535 403 34 041 583 KBC BANK N V nbsp Kingdom of Belgium 99 96 2 DSK Bank STSABGSF 28 967 838 30 418 500 30 569 370 31 071 709 32 773 713 OTP Bank RT nbsp Hungary 99 92 3 UniCredit Bulbank UNCRBGSF 28 889 110 30 402 869 29 944 342 30 828 060 32 124 499 UNICREDIT S P A nbsp Republic of Italy 99 45 4 Eurobank Bulgaria Postbank BPBIBGSF 16 365 976 16 985 023 17 775 858 18 336 093 19 389 819 Eurobank Ergasias S A nbsp Greece 99 9 ERB New Europe Holding B V nbsp Kingdom of the Netherlands 5 First Investment Bank Fibank FINVBGSF 12 714 058 12 932 120 13 055 009 13 186 654 13 888 895 Tzeko Todorov Minev nbsp Republic of Bulgaria 27 33 Ivaylo Dimitrov Mutafchiev nbsp Republic of Bulgaria 27 33 Bulgarian Development Bank nbsp Republic of Bulgaria 18 35 6 Central Cooperative Bank CECBBGSF 7 789 916 7 871 229 7 891 195 8 017 131 8 189 817 CCB Group EAD nbsp Republic of Bulgaria 61 05 7 ProCredit Bank Bulgaria PRCBBGSF 3 743 202 3 750 859 3 889 039 4 096 606 4 175 426 ProCredit Holding AG nbsp Federal Republic of Germany 100 8 Allianz Bank Bulgaria BUINBGSF 3 997 100 4 116 950 3 763 962 3 916 914 3 945 650 Allianz Bulgaria Holding JSC nbsp Republic of Bulgaria 99 9 9 Investbank IORTBGSF 2 842 847 2 991 420 2 862 274 3 016 658 3 164 646 Festa Holding JSC nbsp Republic of Bulgaria 83 8 Petia Ivanova Barakova Slavova nbsp Republic of Bulgaria 10 68 10 TBI Bank TBIBBGSF 2 096 750 2 282 477 2 433 944 2 663 458 2 906 515 TBIF Financial Services B V nbsp Kingdom of the Netherlands 100 11 Bulgarian Development Bank NASBBGSF 3 073 175 3 171 250 3 080 974 2 829 432 2 800 224 Ministry of Innovation and Growth nbsp Republic of Bulgaria 100 12 Bulgarian American Credit Bank BGUSBGSF 2 656 117 2 676 504 2 521 852 2 398 432 2 790 176 CSIF JSC nbsp Republic of Bulgaria 45 67 LTBI HOLDINGS LLC nbsp USA 33 45 13 International Asset Bank IABGBGSF 2 225 182 2 254 113 2 247 382 2 426 817 2 486 860 Dynatrade International Ltd nbsp Republic of Bulgaria 33 14 Municipal Bank PLC SOMBBGSF 2 154 155 2 197 118 2 218 605 2 221 322 2 368 046 NOVITO OPPORTUNITIES FUND AGMVK nbsp Principality of Liechtenstein 96 51 15 Citibank Europe Bulgaria Branch CITIBGSF 1 832 315 1 979 499 1 829 131 2 009 098 1 746 407 Citibank Europe Plc nbsp Republic of Ireland 100 16 D Commerce Bank DEMIBGSF 1 582 191 1 512 964 1 762 674 1 744 060 1 660 030 Fuat Guven Fuat Hyusniev Osmanov nbsp Republic of Bulgaria 55 52 FORTERA EAD nbsp Republic of Bulgaria 44 48 17 ING Bank N V Sofia Branch INGBBGSF 1 178 898 1 375 395 1 350 809 1 371 093 1 255 596 ING Bank N V nbsp Kingdom of the Netherlands 100 18 BNP Paribas S A Sofia Branch BNPABGSX 872 986 859 273 861 723 768 516 728 392 BNP Paribas S A nbsp Republic of France 100 19 Texim Bank TEXIBGSF 596 903 581 830 599 154 608 090 645 410 Web Finance Holding AD nbsp Republic of Bulgaria 17 93 20 Tokuda Bank CREXBGSF 459 660 464 937 467 168 473 680 485 465 Tokushukai Incorporated nbsp Japan 99 94 21 T C Ziraat Bank Sofia Branch TCZBBGSF 373 936 343 119 384 346 363 903 416 158 T C Ziraat Bankasi A S Ankara nbsp Republic of Turkey 100 22 Varengold Bank AG Sofia Branch VGAGBGSF 79 712 78 326 71 910 89 539 72 468 Varengold Bank AG nbsp Federal Republic of Germany 100 23 Bigbank AS Bulgaria Branch BIGKBGSF 15 176 15 307 15 177 16 820 20 906 Bigbank AS nbsp Estonia 100 References edit nbsp Banks portal Banks of Bulgaria Oct Dec 2022 PDF Banks of Bulgaria Jan Mar 2023 BNB PDF Banks in Bulgaria Apr Jun 2023 BNB PDF a b Banks in Bulgaria Jul Sep 2023 BNB PDF Banks in Bulgaria Oct to Dec 2023 PDF Retrieved from https en wikipedia org w index php title List of banks in Bulgaria amp oldid 1222031357, wikipedia, wiki, book, books, library,
