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

(2020)

 Name SWIFT (BIC) Assets Dec 2019[1] Assets Mar 2020[2] Assets June 2020[3] Assets Sept 2020[4] Assets Dec 2020[5] Assets Mar 2021 Shareholders - over 10% (Sept 2020)
1. UniCredit Bulbank UNCRBGSF 21 639 060 21 122 995 21 877 486 23 099 082 24 107 528 24 820 810 UNICREDIT S.P.A., Republic of Italy – 99.45%
2. DSK Bank STSABGSF 15 902 565 17 222 226 21 948 681 22 330 990 22 808 868 23 265 250 OTP Bank RT, Hungary – 99.91%
3. United Bulgarian Bank UBBSBGSF 12 172 265 11 607 375 11 646 597 11 655 267 12 797 159 13 068 886 KBC BANK N.V., Kingdom of Belgium – 99,92%
4. Eurobank Bulgaria (Postbank) BPBIBGSF 11 183 700 10 940 968 10 974 934 11 416 236 12 103 849 12 545 602 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 10 200 031 10 146 647 9 998 352 10 476 617 10 782 868 11 036 780 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 8 817 765 9 017 879 9 369 139 9 713 798 9 625 566 9 788 970 Raiffeisen Bank International AG (Raiffeisen SEE Region Holding GmbH), Republic of Austria – 100%
7. Central Cooperative Bank CECBBGSF 6 105 407 6 172 151 6 254 882 6 303 005 6 641 168 6 868 790 CCB Group EAD, Republic of Bulgaria – 61.05%
8. Bulgarian Development Bank NASBBGSF 3 173 535 3 277 405 3 511 067 3 649 742 4 006 854 3 979 335 Ministry of the Economy, Republic of Bulgaria – 100%
9. Allianz Bank Bulgaria BUINBGSF 2 884 167 2 880 415 3 054 222 3 094 519 3 285 384 3 140 883 Allianz Bulgaria Holding JSC, Republic of Bulgaria – 99.89%
10. ProCredit Bank, Bulgaria PRCBBGSF 2 498 527 2 465 418 2 573 932 2 828 832 2 920 323 3 046 966 ProCredit Holding AG, Federal Republic of Germany – 100%
11. Investbank IORTBGSF 1 898 475 1 912 400 1 969 892 2 044 345 2 200 670 2 320 906 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 2 045 623 2 062 251 2 044 862 1 969 063 2 058 213 2 211 545 NOVITO OPPORTUNITIES FUND AGMVK, Principality of Liechtenstein – 95.50%
13. Bulgarian-American Credit Bank BGUSBGSF 1 670 726 1 603 802 1 673 940 1 757 269 1 869 029 1 951 321 CSIF JSC, Republic of Bulgaria – 45.67%

LTBI HOLDINGS LLC, USA – 33.43%

14. International Asset Bank IABGBGSF 1 547 567 1 563 719 1 607 119 1 610 860 1 780 961 1 789 386 Dynatrade International Ltd, Republic of Bulgaria – 33%
15. Citibank Europe, Bulgaria Branch CITIBGSF 996 329 1 225 048 1 168 667 1 424 295 1 174 623 1 238 197 Citibank Europe Plc., Republic of Ireland – 100%
16. D Commerce Bank DEMIBGSF 1 017 535 1 060 949 1 068 569 1 060 053 1 160 962 1 209 492 Fuat Güven (Fuat Hyusniev Osmanov), Republic of Bulgaria – 55.52%

FORTERA EAD, Republic of Bulgaria – 44.48%

17. TBI Bank TBIBBGSF 871 843 912 478 944 933 996 878 1 027 862 1 139 102 TBIF Financial Services B.V., Kingdom of the Netherlands – 100%
18. ING Bank N.V., Sofia Branch INGBBGSF 922 679 1 103 924 1 060 141 1 134 864 989 154 1 192 223 ING Bank N.V., Kingdom of the Netherlands – 100%
19. BNP Paribas S.A. – Sofia Branch BNPABGSX 816 604 956 631 892 929 932 324 901 799 927 302 BNP Paribas S.A., Republic of France – 100%
20. BNP Paribas Personal Finance S.A. - Bulgaria Branch BNPABGSX 727 782 748 041 713 078 688 428 689 877 697 062 BNP Paribas Personal Finance S.A., Republic of France – 100%
21. Texim Bank TEXIBGSF 363 236 372 919 380 063 446 782 462 623 467 827 Web Finance Holding AD, Republic of Bulgaria – 18.88%
22. Tokuda Bank CREXBGSF 392 941 381 045 380 734 381 757 396 799 408 389 Tokushukai Incorporated, Japan – 99.94%
23. T.C. Ziraat Bank, Sofia Branch TCZBBGSF 145 853 152 190 161 878 206 355 210 021 246 987 T.C. Ziraat Bank, Ankara, Republic of Turkey – 100%
24. Varengold Bank AG, Sofia Branch VGAGBGSF 145 129 156 Varengold Bank AG, Federal Republic of Germany – 100%
25. Bigbank AS, Bulgaria Branch Bigbank AS, Estonia – 100%

References
  •  Banks portal
  1. "Банките в България - декември 2019" (PDF).
  2. "Банките в България - март 2020" (PDF).
  3. "Банките в България - Юни 2020" (PDF).
  4. "Банките в България - Юли - септември 2020 г." (PDF).
  5. "Banks in Bulgaria - Oct - Dec 2020" (PDF).
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