East-West bank is the new player on the bank market in Bulgaria as the bank received a license from BNB. Shareholders in the 35-th bank in Bulgaria Aktiva Holdings B. V. with 72 per cent / subsidiary company of the Slovenian Aktiva Group, which deals with investments in Central and Eastern Europe/, LB Maxima – 25per cent /the company is 100 per cent property of the biggest Slovenian Bank Nova Ljubljanska Banka/. The minority stake of 2.9 per cent is property of another Slovenian bank - Factor Banka.
Source: Pari (25.08.2003)

East-West bank received a license for bank activities, was reported from the Bulgarian National Bank yesterday. The license gives a right to the financial institution to execute all deals in accordance with the Banks Law, excluding deals with securities and management of bank cards. The capital of East-West Bank is in amount of BGN 13.960 million. The members of the Managing Board of the bank are Mr. Dushan Valenchich, Mr. Matei Filatov and Mr. Bogdsan Podlesnik.
Source: Sega (02.09.2003)

The chief director of the Bank Supervision Department in Bulgarian National Bank (BNB) Mr. Petar Andronov granted a certificate for qualification and professional experience in banking to Mr. Georgi Denchov Petrov for his participation in West East Bank as a member of the Managing Board and an Executive Director, BNB announced.
Source: BTA (24.08.2004)

The new executive director and management board member of West-East Bank, Nabil Khalil Issa, received a certificate for qualification and professional experience in banking from the Bulgarian National Bank. Last week the same document was issued to the other executive director of the bank, Georgi Petrov. West-East Bank was licensed by the central bank in August 2003. The financial institution was set up with an authorised capital of EUR 7 million.
Source: Pari (02.09.2004)

The 35 Bulgarian banks and foreign credit institutions operating in Bulgaria registered a BGN 335.4 mln profit for the first nine months of this year, according to information provided by BNB, published yesterday. The result for the same period of last year was BGN 294 mln. According to the available information, the most lucrative institution was Bulbank with BGN 69.7 mln of profit, followed by Bank DSK – BGN 52.5 mln, and UBB – BGN 47 mln.
Source: Monitor (14.12.2004)

The company is registered as a big tax-payer in the Tax administration.
Source: Other (01.01.2005)

European South-eastern Fund Imoti, the Special Purpose Vehicle (SPV) created by West East Bank for investment in real estate, will IPO in June. West East Bank, co-founded by Slovenian and Dutch shareholders, has received a permit from Bulgaria's central bank to own up to 40% of the new SPV. BenchMark Fund Estates, TBI BAC Real Estate, Colos-1 and ERG Capital 1 are the SPVs licensed to operate in Bulgaria so far. The domestic market accommodates also a company for the securitisation of receivables, Capital Direct-1.
Source: Dnevnik (28.03.2005)

The shareholding structure of Bulgaria's youngest bank, West-East Bank, will be reorganised with Slovenia's largest bank by assets, Nova Ljubljanska Banka (NLB), acquiring a 97% stake, news outfit SeeNews reported quoting an NLB statement. NLB's supervisory board has backed the acquisition, and now Bulgaria's central bank BNB is expected to greenlight the deal. No further details about the forthcoming deal were disclosed. Dutch-based holding company Aktiva Holdings, co-owned by Slovenian financial group Aktiva, NLB and Slovenian Factor Bank, holds a 72.51% stake in West-East Bank. The Bulgarian bank's other shareholders are NLB asset management subsidiary LB Maksima with 24.50% and Factor Bank with the remaining 3%. NLB is 34%-owned by Belgian banking group KBC. West-East Bank has kept a low profile, making a rare appears in the newspaper columns a year ago when BNB handed the bank's Nabil Halil Issa a director certificate. Issa is a close associate of one of West-East Bank's founders, Safi Harb. At the time the bank applied for a licence, Harb controlled a 25% stake in it which he transferred to LB Maksima when Bulgaria's central bank requested additional information about his business. Harb was replaced in the bank's board by Dusan Valencic in a move interpreted as an attempt to convince the public of the Slovenians' full-fledged involvement in the bank According to BNB data, West-East Bank's assets stood at 89.4 mln levs at end-September.
Source: Dnevnik (13.12.2005)

A new fund will buy estates in the territory of future Super Borovetz. This is a newly established SPV Super Borovetz Property Fund. Its registration is in Varna. 30 per cent of its capital are owned by the West East Bank.
Source: Standart (04.04.2006)

Bulgaria's Central Depository has registered the issue of 500,000 shares floated by special purpose vehicle Black Sea Investment. The company said it will not focus on one particular type of property development. Black Sea Investment is co-founded by Stefan Papalezov (35%), investment company Elana High-Yield Fund (30%) and Investment Company (35%). The number of native SPVs now stands at 25, including companies for the securitisation of receivables.
Source: Dnevnik (11.04.2006)

Bulgaria's West-East Bank will be renamed to NLB West-East Bank. The renaming has been approved by BNB deputy governor Emilia Milanova, who is also head of the banking supervision department, the central bank said. West-East Bank started operating in November 2003. Nova Ljubljanska Banka (NLB) became majority owner of the Bulgarian financial institution a couple of years ago. Another Slovenian bank, Faktor Banka DD, is also shareholder in West-East.
Source: Pari (01.06.2006)

Bulgaria's West-East Bank floated EUR 5 million bonds. The bond issue will be listed for secondary trade on the Bulgarian Stock Exchange (BSE). The bonds mature on June 26, 2009 and carry a floating interest rate equal to the six-month Euribor + 0.75% with coupon payments due semi-annually. The bonds were initially offered to Raiffeisenbank Bulgaria on a private placement basis. West-East Bank started operating in November 2003. Nova Ljubljanska Banka (NLB) owns 97% in the bank at present.
Source: Pari (05.07.2006)

Bulgaria's Financial Supervision Commission has licensed 2 new real estate investment trusts. Super Borovets Property Fund is 65 per cent-owned by Super Borovets Property Investment with 30 per cent held by the West East Bank. Invest Property is owned by several individual shareholders and Elana High-Yield Fund with a 30 per cent stake. Elana High-Yield Fund also co-owns the Solid Invest special purpose vehicle that was just launched but is yet to be licensed. The fund has co-created a total of 5 SPVs, including also Liam, Luke and Black Sea Investment. Bulgaria's financial regulator has licensed some 30 SPVs for the securitisation of real estate property to date.
Source: Dnevnik (08.09.2006)

Bulgaria's financial regulator Wed licensed Solid Invest to operate as a real estate investment trust, bringing the overall number of local special purpose vehicles to 37. The watchdog has approved the offering of 150,000 shares by the REIT. The company was incorporated by Elana High-Yield Fund (30 per cent), BG Rent (15 per cent), Cinemax 2000 (15 per cent), United Cinema (15 per cent) and Hemus Group (10 per cent). Solid Invest will invest in the purchase of a resort complex on the Black Sea and an industrial site in Sofia and in the construction of tourist complex in ski resort Pamporovo and a gated residential community in Sofia.
Source: Dnevnik (07.12.2006)

Belgian banking and insurance group KBC has agreed to acquire a 70 per cent stake in Bulgarian insurer DZI Insurance for EUR 185 mln, news agency Reuters reported on Tuesday, January 30. KBC, which considers central and eastern Europe to be a second home market, is buying the Balkan country's leading insurer with market share in general and life insurance of 17.7 and 26.4 per cent respectively, said Reuters. The Belgian company plans to launch a public bid for the remaining 30 per cent, which are floated on the Bulgarian stock exchange. This is its first major acquisition of an insurance company since the expansion of the European Union in 2004. DZI said the Belgian group beat France's Axa and Groupama as well as Dutch insurer Eureko for the deal. 'The achieved price is very good, especially in light of the situation of the insurance market in Bulgaria,' DZI Insurance executive director Valeri Aleksiev was quoted as saying by the news agency. Under the terms of the deal, KBC will also pay about EUR 75 mln to Kontrakt Sofia, an amount equal to 70 per cent of the undistributed capital gain proceeds received by DZI Insurance for the sale of its stake in DZI Bank . 'As part of the deal, KBC will also acquire DZI Invest, a securities broker active on the Bulgarian Stock Exchange,' KBC said in a statement. The deal is subject to approval by the Bulgarian regulatory authorities and DZI said the deal would most likely be finalised in two to three months. KBC has already built up a presence in the Czech Republic, Hungary, Poland and Slovakia. It recently announced acquisitions in Romania and is also set to take a majority stake in a bank in Belgrade.
Source: Dnevnik (31.01.2007)

Eleven banks in Bulgaria have secured themselves financing exceeding BGN 570 million through the issue of bonds. These include Allianz Bulgaria, Bulgarian-American Credit Bank, Investbank, MKB Unionbank, United Bulgarian Bank, Postbank, NLB West-East Bank, First Investment Bank, Raiffeisenbank, Economic and Investment Bank, and Texim. The number of bond issues floated by all listed companies in Bulgaria tops 70, their total amount is more than BGN 1 billion. This type of financing is used mainly for the development of core activities and modernisation. According to specialists, the big share of banks is due to the credit boom. First in bond financing is Bulgarian-American Credit Bank with BGN 143 million raised from five issues. It is followed by United Bulgarian Bank with BGN 120 million and Raiffeisenbank with BGN 100 million. Despite the increase in the number of new issues, some financial experts say that the bond market in Bulgaria is still poorly developed and is yet to achieve its full potential. Bonds are considered a lower-risk financial instrument and attract the attention mainly of institutional investor: pension funds, banks and collective investment schemes. Another feature of the Bulgarian bond market is the difficult access of smaller investors to the initial non-public offerings.
Source: Pari (29.05.2007)

NLB West-East Bank raises capital to BGN 21.65m The shareholders in Bulgaria's NLB West-East Bank decided at an extraordinary general meeting to raise the capital of the financial institution by BGN 5.85 million to BGN 21.65 million. NLB West-East Bank was established in Bulgaria in 2003. Slovenia's NLB Group and Factor Bank of Ljubljana are shareholders in the bank. NLB West-East bank floated EUR 5 million corporate bonds in June 2006. The issue, which is traded on the Bulgarian Stock Exchange (BSE), matures in June 2009.
Source: Banker (01.10.2007)

The company is registered in Territorial administration Big taxpayers and insurers towards 2009, 04.30
Source: Tax Administration (30.04.2009)

NLB West East Bank JSC - Sofia has appointed Extraordinary Meeting on 17.08.2009. Meeting agenda includes: amendments in the statute, changes of capital or nominal, changes within the management bodies.
Source: Registry Agency (07.09.2009)

NLB Sofia Bank JSC - Sofia has appointed Annual general meeting on 21.05.2009. Meeting agenda includes: adoption of the Annual Report for Year 2008, amendments in the statute, changes of capital or nominal, changes within the management bodies.
Source: Registry Agency (07.09.2009)

NLB Sofia Bank JSC - Sofia has appointed Annual general meeting on 22.05.2008. Meeting agenda includes: adoption of the Annual Report for Year 2007.
Source: Registry Agency (07.09.2009)

Crisis pummels 2009 profits of 22 Bulgarian banks Bulgaria’s banking sector rounded off 2009 at a profit but 22 out of the 33 market players have turned in a worse performance than a year earlier as the crisis rumbled on. Data by the Bulgarian National Bank (BNB) revealed that banks have suffered deterioration of between 8% and a staggering 79%, with West-East Bank plummeting almost 225% after it swung to a BGN 3.9 million loss from a profit of BGN 3.1 million for 2008. Six banks have pulled off better performance including Corporate Commercial Bank, ProCredit Bank, Citibank Sofia Branch, International Asset Bank, Teximbank, Bulgarian Development Bank and Central Cooperative Bank. Alpha Bank Sofia Branch and Emporiki Bank have seen profits stage precipitous drops from BGN 68.9 million to BGN 23.1 million, and from BGN 7.024 million to BGN 3.7 million, respectively. Banks’ write-down costs stood at BGN 1.040 billion in 2009, a whopping increase from BGN 330.5 million for the previous year as both firms and households scrambled to pay fat loans handed out when lending was all abuzz. Overdue loans are creeping up, with loans with delays of over 30 days hitting 13.64% of the total gross volume. Loans which are more than 90 days overdue speak for 6.42% of the combined portfolio. The banking system posted an unaudited profit of BGN 780 million for 2009 versus BGN 1.4 billion for 2008. Assets added up to BGN 70.9 billion, up 1.9% year-on-year.
Source: Dnevnik (01.02.2010)

Banks Collect BGN 820 M in Fees In 2009, Bulgarians paid to banks BGN 820 mln in fees and commissions, shows a statistic of the Bulgarian National Bank. In some cases the profits from fees and commissions are up to 20 times higher than the service costs of the bank. The income from interests amounts to BGN 5 billion.
Source: Standart (03.02.2010)

Lending rates in Bulgaria could resume creeping up to reflect the higher credit risk, a senior industry representative warned yesterday. Assen Yagodin, deputy board chairman of the Association of Banks in Bulgaria (ABB) and CEO of Postbank, told an industry conference that the cost of consumer loans provided by local lenders should be affected by a new legislative provision enabling borrowers to return consumer loans within 14 days from taking without giving an explanation or paying a penalty fee. He noted that all measures being implemented in the Bulgarian banking sector legislation are designed to protect borrowers but not creditors. For example, the law allows some business loan borrowers to retroactively announce insolvency before the date of taking the loan, which means that the liabilities are left with the bank. Unless this legislative deformity is resolved, loan interest rates will go up because the higher credit risk translates into a higher loan price, he explained. Yagodin said that loan rates dropped by 0.8% year-on-year in August, whereas deposit rates grew by 0.9% over the same period. In other words, banks are taking in the consequences of the crisis, according to Yagodin. “If one bothers to calculate the average interest rates on deposits and loans for businesses and households for the past two years, one will see that all this talk about unjustified high loan rates are groundless,” he added. ABB said a raft of Bulgarian banks will finish 2010 in the red but assured that the overall sector would remain in positive territory thanks to reserves accumulated from prior years and high liquidity.
Source: Dnevnik (06.10.2010)

The Bulgarian banking sector recorded a 30% annual drop in their profit for the first nine months of 2010 to BGN 476.4 million profit, with the country's five largest banks contributing for 74.5% of the total. Data by the Bulgarian National Bank (BNB) showed that the BGN 14 million bottomline in September alone was the lowest registered for the last years. The result was a decrease from a profit of BGN 61 million in August and BGN 50 million in July. The contraction in banks' profit stems from the rising write-offs, with provisions for them growing to BGN 947 million as at end-September against BGN 794.9 million a month earlier and BGN 566 million at the end of the second quarter. Meanwhile, bad loans accounted for 10.61% of local banks' total portfolios compared with 9.45% in June and 7.8% in March. Despite the increase, BNB notes that "the levels of credit risk are manageable". The growth in sour loans in the first nine months of the year was accompanied by a low credit activity in the system. In addition, the slight improvement in corporate loans observed in the second quarter was not preserved in the July-September period. "The growth in corporate loans (2.3% to BNG 33.58 billion) was influenced by the return of the balance in the system of previously sold loan portfolios," the central bank said. Housing mortgages registered edged up 0.7% to BGN 9.15 billion, while consumer credit contracted 1.1% compared with the previous three-month period. The sector's total assets rose 1.6% for July to September to BGN 72.1 billion on the back of loan repurchases. According to BNB, "the implemented measures by credit institutions to further strengthen their capital positions is a prerequisite for maintaining the adequacy ratios and capital buffer in the system", which reached BGN 3 billion. The central bank further highlighted that domestic banks comply with the recommended level of liquidity and thus the ratio of liquid assets to liabilities remained unchanged from June at 22.2%. The report also shows that seven of Bulgaria's financial institutions ended the nine-month period in the red, exceeding the number of banks to report a loss in the second quarter, including Regional Investment Bank, Bulgarian American Credit Bank, Tokuda Bank, NLB Bank, Ziraat Bank, Emporiki Bank and Alfa Bank.
Source: Dnevnik (01.11.2010)

Banking system profits decrease by over 20% to BGN 617 mln The profits of the domestic banking system decreased by over 20% last year, according to the Bulgarian National Bank (BNB). Financial institutions in the country ended 2010 with an unaudited profit of BGN 617 mln, or BGN 163 mln down from 2009. According to BNB experts, although lower than the previous year, this is a sort of additional capital protection. Data showed that in a year, depreciation expenditures rose by 26% to BGN 1.31 bn but, nevertheless, revenues from main activities covered the increased risk and costs. At the end of December, non-performing loans overdue for more than 90 days reached 11.9% of the total volume of credits, almost double the level from a year earlier when their share was 6.42%, according to BNB statistics. According to financial institutions’ reports presented by BNB, only two banks in our country ended 2010 with profits exceeding BGN 100 mln – UniCredit Bulbank and DSK Bank, with BGN 158.7 mln and BGN 130.58 mln, respectively. In 2008, three banks reported profits of more than BGN 200 mln, and in 2009, three financial institutions had profits exceeding BGN 100 mln. An interesting shift was observed in the following positions, Corporate Commercial Bank displacing United Bulgarian Bank (UBB) from the third place and achieving a 23% profit growth to BGN 74.4 mln. Let us remind our readers that this financial institution ranked 8th in terms of profits in 2008 and climbed to the 4th position in 2009. Meanwhile, the profit of UBB shrank by 26.5% to BGN 73.6 mln.
Source: Class (01.02.2011)

Dutch-Israeli holding and investment company Kardan said on Tuesday it had agreed to acquire NLB Banka Sofia, the Bulgarian subsidiary of Slovenian Nova Ljubljanska Banka (NLB), for EUR 15 million. Under an agreement signed the previous day, Kardan will take over the bank through its retail lending division TBIF Financial Services. The transaction is part of the company's strategy to strengthen its investments in Bulgaria and Romania by creating synergies with its other businesses, Kardan said. After the acquisition, NLB Banka Sofia will focus on retail lending and funding small and medium enterprises. NLB Banka Sofia ranks 23rd among Bulgarian banks in terms of assets, which came in at BGN 197.7 million as at end-2010.
Source: Dnevnik (06.04.2011)

As many as five Bulgarian banks accounted for two thirds of the overall profit of the country's banking system in the first nine months of 2011, Bulgarian National Bank (BNB) data showed. Bulgarian banks' combined profit stood at 484.5 million leva in January-September, with UniCredit Bulbank, DSK Bank, Raiffeisenbank, Piraeus Bank and Corporate Commercial Bank accounting for 371.6 million leva of the total. A total of nine banks suffered losses in the period. The eight banks that recorded negative results in the second quarter were joined by the domestic branch of Turkey's Isbank, which started operations in the country in the summer. The remaining financial institutions to register losses in the period were Investbank (6.8 million leva), Bulgarian American Credit Bank (16.5 million leva), Regional Investment Bank (349 000 leva), NLB Banka Sofia (3.7 million leva), Ziraat Bank (227 000 leva), Emporiki Bank (5.976 million leva), Teximbank (1.4 million leva) and Alfa Bank, Sofia branch (30.4 million leva). The branch of Greece's Alpha Bank has been reporting losses for several consecutive years. Originally, the negative result was attributed to the bank's robust network expansion and consequently to its foray in the retail banking business and the effects of the financial crisis. Emporiki Bank, part of French banking group Credit Agricole, as well as NLB Banka Sofia and Regional Investment Bank, have also been reporting negative figures since their entry on the Bulgarian market. Investbank, which registered a loss for a third quarter in a row, has managed to keep the result almost unchanged compared to the previous three-month period. BACB, however, saw its net loss widen by about two million leva on 2010. Twelve banks reported a rise in earnings with some of the entities enjoying significant annual growth. MKB Unionbank and ProCredit Bank, for example, boosted their bottom lines by nearly three times to 4.9 million leva and seven million leva, respectively. The profit of Allianz Bank surged more than 10 times in January-September to 9.8 million leva compared to the year-earlier period. Societe Generale Expressbank reported an increase in net profit of almost 90 per cent to 38.6 million leva. The lower income of domestic banks, stemming from tight lending and rising costs for bad loan provisions, are the main reasons behind the low profits or losses of domestic banks. However, the number of banks to record losses has remained relatively stable in the past three years and the banking system as a whole has been profitable.
Source: Darik Radio (03.11.2011)

TBI Bank has acquired CrediBul’s fast loans portfolio. The deal was closed on 3 August. Value of the deal was not announced publicly. Not long ago it became clear CrediBul was preparing its withdrawal from the Bulgarian market. CrediBul is the consumer financing subsidiary of the French banking group Societe Generale and is 100% property of Societe Generale Consumer Finance. Societe Generale Expressbank is also part of the Societe Generale Group. TBI Bank is property of the Dutch TBIF Financial Services, retail crediting subsidiary of the Dutch – Israeli Kardan Holding. TBIF Financial Services is operating on the Bulgarian market since 2002 and is owner of TBI Credit, TBI Leasing and TBI Rent. TBI Bank has long-term goal to become the preferred partner in the retail segments - consumer and targeted funding, and micro, small and medium enterprises in Bulgaria
Source: Capital (06.08.2012)

A new player appeared on the fast loans market. The Innimmo Financial Services company acquired CrediBul, owned by the consumer crediting subsidiary of Societe Generale - Societe Generale Consumer Finance. Innimmo Financial Services was set up especially for the deal as a subsidiary of Innimmo Investments, owned by Valeri Valchev. Valchev explained that the crediting resource would be secured mainly through the company’s own activity, as well as with credits attracted from banks. The deal for the acquisition of 100% of CrediBul by Innimmo Financial Services was finalised last week, while negotiations began in the beginning of the year. Valchev’s company will keep only one of the four lines of business developed so far – small, non-target and non-secured loans CrediHome of between BGN 200 – BGN 1,500 and will continue developing the micro credits segment. The remaining part of the portfolio Innimmo Financial Services sold to TBI Bank. The bank announced of the deal finalised on 3 August.
Source: Capital (10.08.2012)

TBI Bank, one of the newest banks on the Bulgarian market, will open its branch in Romania. The bank received BNB permission and has officially registered the branch in Romania. The branch in Romania “will follow the bank’s strategy” and “will offer consumer loans, credit and debit cards, deposits with attractive interest rate, business packages from SME and financing programs for micro and SME”, the bank’s statement said.
Source: Capital (25.10.2012)

Bulgaria’s TBI Bank said on Friday it has raised its capital by 7.0 million levs ($4.7 million/3.58 million euro) to a total of 61.4 million levs at the end of February. “The cap hike will allow the bank to increase its loan portfolio for households and to enter more aggressively in the segment of small- and medium-sized business”, TBI Bank said in a press release. This has been the third capital hike for TBI Bank for the past year. At the beginning of 2012 it raised its capital by 6.0 million levs and then by a further 2.0 million levs in November. At the end of January, TBI Bank was last but one in terms of assets in Bulgaria among 24 locally registered lenders and seven foreign branches. TBI Bank is controlled by Dutch company TBIF Financial Services B.V.
Source: investor.bg (04.03.2013)

More than three years after Alen mak stopped survicing its debts and consequently was declared bankrupt, the creditors of the two issues will get about three quarters of their claims. This became possible after the most rewarding but also the most controversial asset of the company - its commercial brands were sold for a little over BGN 1 million. With the sum claims of investors in the second emission of debt securities of the bankrupt company - mainly pension funds and insurance companies will be satisfied. They changed their owner in the beginning of the year after an organized procedure by Alen mak’s trustee. There are a total of 15 creditors on the obligation loan. Their claims, assessed to nearly BGN 1.4 million are secured with the first in row pledge on intellectual and industrial property of the former cosmetic company. The biggest investment is made by pension-insurance company Doverie and its funds which hold almost 65% of total sum and are to get proportional part of revenues in the sale of assets.TBI, Alianz Bulgaria, Syglasie, CCB-sila, insurance companies Bulstrad and Bulgarski moti, as well as United Bulgarian bank have smaller claims.
Source: Capital (01.07.2013)

The main site of one of the largest importers of agricultural machinery - Vanto Trade has been put for sale at auction because of debts to TBI Bank. The building in Sofia was put for sale with a starting price of BGN 5.3 million with VAT. This is a plot of 7 decares with several buildings on it - service center, showroom, offices, and some empty space around that is able to be built on , according to a notice of the bailiff Nedelcho Mitev. The properties are mortgaged at TBI Bank, which is a creditor in the case, for EUR 2.7 million. Pledge of assets are in favor of another creditor as well - Oikocredit Ecumenical Development Cooperative Society - the Netherlands, for BGN 1.5 million. The deadline for submission of offers for the site is 4 November, and the winner of the auction will be announced the next day.
Source: Capital (14.10.2013)

A hotel in Sofia goes bankrupt One of the unfinished buildings, located on one of Sofia’s main boulevards, at the corner of Todor Alexandrov Boulevard and Strandzha Street went bankrupt. The property is located next to Lukoil Bulgaria’s central office. It is at completed stage "rough construction". Initially the property has a residential status, but later its function was changed to apartment hotel with conference halls. Its gross area is 2852 square meters. Public sale will start from BGN 4, 41 million. Initially investor in the building was an Italian company, but presently the property is among assets of Vanto leasing. The tender is organized due to unpaid debts to TBI bank.
Source: Presa (17.01.2014)

National Guarantee Fund to partner with 10 banks on a business loans scheme National Guarantee Fund (NGF), a subsidiary of Bulgarian Development Bank (BDB), has signed a partnership agreement with ten commercial banks, under which the lenders will be granting business loans secured by the Fund. The maximum amount of loans up for grabs under the scheme is BGN 360 million. The ten banks are BACB, Investbank, UBB, Fibank, Piraeus Bank, Cibank, TBI Bank, Tokuda Bank, UniCredit Bulbank and Eurobank. Guarantees issued by NGF are free of charge for companies and will help them negotiate better borrowing terms. NGF will take the risk on its guarantees and will accept as collateral assets that its partnering banks would accept, NGF’s executive director Samuil Shiderov explained.
Source: Standart (26.03.2014)

Bailiff announced a tender for the sale of the restaurant "Ropotamo" near Blvd. "Tcarigradsko road" in Sofia. The starting price is 963 600 lev sale building on three levels with 1681 sq. Meters gross floor area, which includes restaurant, kitchen and administrative building. Subject of the transaction are 26.7% of the terrain with a total area of ??4887 square meters auction is for non-performing debt of the company owner "International Capital Group" at TBI Bank. The property is set for 1.75 million. Euros credit in 2005 There is a second mortgage - to cover 3 million. Euros loan from "BMT Private Equity."
Source: Presa (07.08.2014)

TBI Bank increased its capital by BGN 8.2 million After it got permission by BNB and its shareholders deposited BGN 8.2 million, TBI Bank’s capital increase became real and was inscribed in the registry agency on the 10th of August 2015. In that way the company’s main capital reached BGN 78.6 million. The capital increase will let the bank maintains high increase in consumer and target financing of citizens and to enter even more aggressive in the segment of small and medium-sized enterprises. TBI Bank’s main focus is retail banking, micro, small and medium enterprises in Bulgaria. In the autumn of 2013 the bank increased its capital by BGN 5 million, after a permit by BNB which was deposited by TBIF Financial Services B.V, sol owner of the bank’s shareholders capital. The liquidity ratio of the Bank at the end of the year was 40.15%, while the average for the entire Bulgarian banking system was 30.12%. TBI Bank is owned by a company registered in the Netherlands, called TBIF Financial Services BV which operates on the Bulgarian market since 2002 and owns well-known Bulgarian consumer brands TBI Credit, TBI Leasing, TBI Rent.
Source: Class (17.08.2015)

VIG Bulgarian unit takes full control over life insurer Bulgarian insurer Bulstrad Vienna Insurance Group acquired full control over its subsidiary Bulstrad Life Vienna Insurance Group after buying the remaining 2.94% stake in the company it did not own. Bulstrad Vienna Insurance Group bought 386,356 shares of Bulstrad Life Vienna Insurance Group from Germany's Hannover Ruck SE, it said in response to an emailed inquiry. The price of the deal was not disclosed. Austria’s Vienna Insurance Group (VIG) owns directly 14.2% of Bulstrad, while VIG’s fully owned subsidiary TBI Bulgaria controls 85.18%.
Source: investor.bg (17.12.2015)

TBI Bank: From Amsterdam to Riga TBI Bank is in a process of getting a new owner for a second time in the last five years. The Dutch-Israeli conglomerate Kardan is in process of parting with its entire financial subsidiary TBIF, where TBI bank is a key company. A deal for EUR 69 million has already been struck which has to be completed by the 15th of June 2016. By then approvals by shareholders and authorities have to be obtained. The purchaser is not yet officially announced, still according to sources it’s the young Lithuanian company 4finance, specialized in granting fast consumer loans. It works with customers from 15 countries, including in Bulgaria under the brand Vivus. 4finance’s main markets, besides Latvia and neighboring Lithuania are Poland, Scandinavia, Spain and Georgia and Spain. The central office in TBI Bank is in Bulgaria and has a branch on the market in Romania. The group comprises of the Ukrainian leasing company Avis, too.
Source: Capital (03.05.2016)

Bulgaria c-bank grants 4FINANCE Holding prelim approval to indirectly acquire TBI Bank Bulgaria's central bank granted Luxembourg-registered 4FINANCE Holding preliminary approval to indirectly acquire 100% of Bulgaria-registered TBI Bank. The Bulgarian National Bank gave 4FINANCE Holding preliminary approval to acquire 100% of the registered share capital of TBI Bank through the acquisition of all shares of the capital of TBIF Financial Services B.V., the sole owner of the bank's capital, BNB said in a press release. The preliminary approval is conditional on the commitments undertaken by 4FINANCE Holding in the strategic plan for the development of TBI Bank for the preservation of the bank's current business model, its adaptation to new technological market trends, compliance with the established regulatory requirements for reasonable and reliable management of main banking risks, and the provision of capital support in view of the achievement of the strategic goals, the central bank also said. TBI Bank was Bulgaria's 19th biggest bank by end-March, according to central bank data. Its assets increased by an annual 42.5% to 109.6 million at end-2015, according to latest available data published on its website. TBI Bank closed 2015 with a net profit of BGN 28.1 million, up 60.6%. The bank's liquidity ratio by the end of 2015 was 35.71% versus an average 37.07% for the Bulgarian banking sector. 4FINANCE Holding is a consumer lending group established in 2008 and headquartered in the Latvian capital Riga. In the financial year 2015, 4FINANCE Holding posted consolidated net profit of 64 million euro, up by an annual 38.5%. Its assets totalled EUR 438.2 million at the end of December. TBIF Financial Services B.V. is 100% owned by Kardan Financial Services B.V., a fully owned subsidiary of Kardan N.V. , a company quoted on NYSE Euronext Amsterdam in the Netherlands and on Tel Aviv Stock Exchange in Israel.
Source: investor.bg (30.05.2016)

4finance Holding requested permission from CPC to acquire TBI Bank. Registered in Luxembourg but based in Latvia company for fast consumer loans (mainly under the brand Vivus) has already received approval from BNB deal with a price of BGN 69 million. Now the buyer, which is controlled by Russian billionaire Oleg Boyko, wants permission from the antimonopoly regulator. The bank is part of the Israeli-Dutch conglomerate Kardan, which is selling assets to repay maturing obligations.
Source: Capital (28.06.2016)

Latvian 4finance Holding closed the deal for TBI Bank The Latvian company for fast consumer loans 4finance Holding closed the deal for the acquisition of TBI Bank after the Commission for Protection of Competition authorized the purchase. The deal is worth an estimated EUR 69 mln and includes all financial TBIF divisions of Dutch-Israeli conglomerate Kardan, in which TBI Bank is a key link. The buyer is a major player in the fast consumer loans (mainly under the brand Vivus) and does business in 15 countries, and its activity is developed in Latvia, Lithuania, Poland, Scandinavia, Georgia and Spain, but also present in Bulgaria. "The acquisition significantly increases the scale and profitability of our two existing markets - Bulgaria and Romania, with a total population of over 26 million people." Said CEO of 4finance George Dzhordzhakopulos.
Source: Capital (12.08.2016)

Bulgaria’s Leasing Finance completes TBI Rent takeover, renames it to M Rent Bulgaria’s Leasing Finance has completed the acquisition of 100% of local peer TBI Rent, data from the country’s commercial register showed. Following the acquisition, TBI Rent has been renamed to M Rent, the data showed. Last month, the Commission for Protection of Competition said it granted Leasing Finance approval to acquire 100% of TBI Rent. Sofia-based TBI Rent has a registered capital of 2.3 million levs ($1.3 million/1.2 million euro), according to the country’s commercial register. Leasing Finance, also based in Sofia, was set up in 2005. The company has a registered capital of 28.6 million levs, according to the commercial register.
Source: Capital (12.07.2017)

TBI Bulgaria gets nod to publish sweetened buyout bid for Bulstrad VIG Bulgaria’s financial regulator said it has granted approval to TBI Bulgaria to publish a buyout bid for the remaining 0.62% of the share capital of Sofia-based Bulstrad Vienna Insurance Group [BUL:4BI] which the company does not already own. TBI is offering to pay 44.78 levs ($26.8/22.9 euro) for each of the 19,559 shares it does not already own, the Financial Supervision Commission (FSC) said in a statement late on Wednesday. Last month, FSC said it has temporarily banned the publishing of a buyout offer by TBI Bulgaria for 19,559 Bulstrad VIG shares, at a price of 31.11 levs apiece. On May 18, TBI Bulgaria said it has launched a buyout bid for the remaining 0.62% stake in Bulstrad VIG it does not already own, adding that will also consider delisting Bulstrad VIG from the Bulgarian Stock Exchange. TBI Bulgaria is a wholly-owned subsidiary of Vienna Insurance Group (VIG).
Source: econ.bg (28.07.2017)

TBI Bank's retail loan portfolio in Bulgaria, Romania grows 39% in 2017 TBI Bank, part of Luxembourg-registered consumer lending group 4finance Holding operating in Bulgaria and Romania, said its retail loan portfolio grew by 39% last year. The bank's net profit rose by 19% to 38.9 million levs ($24.6 million/19.8 million euro) in 2017, TBI Bank said in a presentation during a news conference held in Sofia on Wednesday. The bank's assets increased by 15% year-on-year to 719 million levs in 2017. TBI Bank said it plans to launch a digital e-commerce platform in Bulgaria that will allow customers to apply for credit online with a qualified electronic signature and video identification. "The platform is already successfully working in Romania, allowing our customers and commercial network fast application and approval process, 24/7 access and all this – without a single hard copy," Valentin Galabov, chairman of the management board of TBI Bank, said. The launch of the TBI Bank's digital e-commerce platform in Bulgaria will be announced within a month. TBI Bank was Bulgaria's 18th biggest lender in terms of assets among 21 banks and four branches of foreign banks as at end-February, according to central bank data.
Source: Banker (19.04.2018)

Chimimport Group buys fifth leasing company The Chimimport Group may soon become the market leader in leasing. Until recently, two of the companies close to the smaller bank in the group - Texim Bank - were developing in this segment. Between 2015 and last year they bought four leasing companies - the Austrian Erste Group Immorent, Piraeus Leasing, BM Leasing and TBI Rent. The two leasing companies, close to the group - Leasing Finance and BM Leasing, have a total income of BGN 47.6 million, making them third in market share in Bulgaria. At the same time, however, the financial group around Central Cooperative Bank, which also had a leasing company through the insurance company Armeec, had not decided to expand its business. This, however, will change because the subsidiary of the insurer - Armeec Leasing has submitted documents to the Commission for Protection of Competition asking for permission for the purchase of ERB leasing - a leasing company of Postbank. Unlike Armeec Leasing, which until now developed a relatively niche business, ERB has a large portfolio and is 11th in market share.
Source: Capital (03.07.2018)

Elana Agrocredit AD-Sofia (0EA2) BSE has received a report under Art. 100g (1), item 3 of the POSA as at 30 June 2018 from TBI Bank EAD in the latter's capacity of a trustee of the bondholders of Elana Agrocredit AD-Sofia (0EA2), ISIN BG2100014179.
Source: BSE (30.08.2018)

The following decision has been adopted at a session of the BSE Board of Directors held under Record of Proceedings No. 62 of 26 October 2018: With reference to an application submitted by TBI Bank EAD Investment Intermediary under Art. 36 (1) of Part II - Membership Rules of the BSE Rules and Regulations, the Board of Directors admits to trading on the Exchange a new broker as follows: - Nikolay Hristoforov Grancharov - Correspondence address: Sofia 1421, 52-55 Dimitar Hadzhikotsev St. - Telephone number: (+359 2) 816 39 74 - E-mail: ngrancharov@tbibank.bg
Source: BSE (29.10.2018)

Bulgaria's TBI Bank to buy 9% stake in Norway's Monobank Bulgaria's TBI Bank has reached an agreement to acquire a 9% stake in Norway-based digital bank Monobank for EUR 6.0 million. TBI Bank is investing the sum in a private placement of Monobank’s shares which are listed on an Oslo stock market. "We at TBI believe that this investment will allow us to share best practices and learnings with one of the leading Nordic fintech banks. This is consistent with our strategy to become a next generation digital lender," Petr Baron, CEO of TBIF Financial Services - the parent company of TBI Bank, said. "In addition, as part of 4finance Group’s broader strategy to develop its near-prime business in the Nordic region, this minority stake is the first step in exploring potential cooperation with Monobank." Monobank, which operates in Norway and Finland, focuses on consumer finance. The lender has a net loan portfolio of around EUR 360 million.
Source: Capital (09.11.2018)

Elana Agrocredit AD-Sofia (0EA2) BSE has received a report under Art. 100g (1), item 3 of the POSA as at 30 September 2018 from TBI Bank EAD in the latter's capacity of a trustee of the bondholders of Elana Agrocredit AD-Sofia (0EA2), ISIN BG2100014179.
Source: BSE (28.11.2018)

Elana Agrocredit AD-Sofia (0EA2) BSE has received a report under Art. 100g (1), item 3 of the POSA as at 31 December 2018 from TBI Bank EAD in the latter's capacity of a trustee of the bondholders of Elana Agrocredit AD-Sofia (0EA2), ISIN BG2100014179.
Source: BSE (01.03.2019)

TBI Bank revenues for 2018 jumped 22% year-over-year Interest and insurance policy receipts from TBI Bank's loan portfolio reached EUR 88.9 million in 2018, up 22% year-on-year. Net profit for 2018 amounted to EUR 14.5 million, the audited consolidated financial results show. The Bank's assets have increased by almost 10% annually and by the end of 2018 reached EUR 397 million. The loans granted in 2018 amounted to EUR 282 million, which increased the bank's total loan portfolio by 20%, reaching EUR 313 million at the end of 2018. At the end of 2018, the Bank demonstrated strong and secure positions against the capital and liquidity of the bank - the capital adequacy ratio (CAR) is at 22.5% and the liquidity ratio - 31.5%. TBI Bank remains among the most profitable banks in Bulgaria, taking into account high performance in the key profitability indicators. At the end of December 2018, the return on the serviced portfolio was 31%. TBI Bank is part of the 4Finance Group and operates in Bulgaria, Romania, Germany and Sweden. Through a network of over 6,600 sales points, the company serves more than 1.2 million registered customers.
Source: investor.bg (31.05.2019)

Three Bulgarian banks will support their capital and business projects with fresh capital Three Bulgarian banks - First Investment Bank, Teximbank and TBI Bank are planning to support their capital and business projects by attracting fresh capital. They have submitted documents to the Financial Supervision Commission for the issue of new shares or bonds. However, on February 20, the regulator suspended the first attempt of First Investment Bank AD, refusing to issue a prospectus confirmation for the initial public offering of shares. Currently, FIBank's capital amounts to BGN 110,000,000, distributed in the same number of shares with a face value of BGN 1 each. Fibank plans to accumulate up to BGN 200 million through the Bulgarian Stock Exchange AD. The move was one of the measures to meet the demands of the European Central Bank to fill the capital shortfall of EUR 263 million. The Financial Supervision Commission has sent a letter to Teximbank AD, Sofia, requesting additional information and documents regarding the confirmation of a prospectus for public offering and admission to trading on a regulated market of convertible unsecured bonds. In early February, the FSC decided to extend the deadline for TBI Bank EAD to submit a revised prospectus for initial public offering and admission to trading on a regulated market of an issue of subordinated, unsecured bonds. TBI Bank's ambitious goal is to become a digital bank with a wide range of online and mobile consumer and lending solutions for SMEs.
Source: Banker (13.03.2020)

TBI Bank will issue bonds TBI Bank SPJSC has received approval from the Financial Supervision Commission (FSC) to issue bonds. This is clear from the regulator's March 24 decision. The Commission has confirmed a prospectus for the initial public offering and admission to trading on a regulated market of an issue of subordinated, unsecured bonds to be issued by the bank. At the beginning of the month, FSC decided to extend the time given to TBI Bank in order to present its adjusted prospectus. The issue wold consist of 25,000 ordinary, interest bearing, registered, dematerialized, non-convertible, subordinated, unsecured, freely transferable bonds, with a nominal and issue value of EUR 1,000 each. The annual interest rate is fixed, payable annually, to be determined jointly by the issuer and the lead manager after the end of the subscription period, with a single maturity of the principal of the bond issue, with a maturity of 10 years from the date of issue. By its decision, the regulator enters TBI Bank as the issuer and the specified bond issue in the register of public companies and other issuers of securities kept by the FSC.
Source: Banker (26.03.2020)

TBI Bank with a record net profit of nearly EUR 23 million for 2019. TBI Bank's net profit increased by 58% and reached a record for the company EUR 22,9 million compared to the audited consolidated financial results. The bank showed growth above the market average in most business segments: its assets increased by 17% on an annual basis and at the end of 2019 reached EUR 465 million. The loans granted in 2019 amount to EUR 336 million, which leads to an increase in the total loan portfolio by 19%. At the end of 2019, it reached EUR 368 million. Household deposits also increased by 25% to EUR 281 million. In 2019 the return on the bank's assets is over 5%, the return on capital - 21%, and the return on serviced loans - over 30%.
Source: investor.bg (03.06.2020)

Due to expiry of the authorisation of Vladimir Valkov, a broker of CB TBI Bank EAD, BSE withholds the rights of Vladimir Valkov granting him access to the trading system of BSE as of 04 January 2021.
Source: BSE (05.01.2021)

Òhe following decision has been adopted at a session of the BSE Board of Directors held under Record of Proceedings No. 2 of 07 January 2021: With reference to an application submitted by TBI Bank EAD Investment Intermediary under Art. 36 (1) of Part II - Membership Rules of the BSE Rules and Regulations, the Board of Directors admits to trading on the Exchange a new broker as follows: - Aleksandar Totev - Correspondence address: Sofia, 52-54 Dimitar Hadzhikotsev St. - Telephone number: (+359 2) 816 39 70 - E-mail: atotev@tbibank.bg
Source: BSE (11.01.2021)

Regulator gives go-ahead to Bulgaria's TBI Bank 30 mln euro bond offering Bulgaria's financial regulator said that it has approved a prospectus of local TBI Bank for the public offering and admission to trade of a ten-year EUR 30 million bond issue on the Bulgarian Stock Exchange. The issue comprises 300 bonds with a par value of EUR 100,000 each, the Financial Supervision Commission said in a statement. The issue's coupon will be determined by TBI Bank at a later stage, according to the financial regulator. Among the local banks, TBI Bank ranked 16th by assets at the end of May, latest central bank data shows.
Source: SeeNews (15.07.2021)

TBI is the first bank in Bulgaria to issue second-tier public bonds TBI Bank has successfully issued a ten-year bond issue of EUR 10 million with conditions aimed at meeting the Tier 2 capital requirements of Regulation (EU) ¹ 575/2013. The bonds have a unit nominal value of EUR 100,000 and were aimed mainly at institutional and professional investors. The annual interest rate is fixed at 5.25%. Thus, TBI Bank once again proves its ambition to constantly challenge the established norms of our financial market and to set a standard that other Bulgarian banks could follow. "The reason we are publicly issuing subordinated bonds is our intention to optimize the capital structure of TBI Bank and to support our business development," said Lucas Tursa, senior vice president of TBI Bank. "We have received very positive feedback from investors - they liked the progress of our digital transformation, and especially the many business and financial results of TBI Bank in recent years." Accordingly, it is not surprising that there was an oversubscription for the proposed bonds. "Unfortunately, we were not able to fully fulfill all investor requests because we had to meet our planned limit of EUR 10 million. The final list of investors is well diversified and includes pension funds, insurance companies, banks, fund managers and professional investors. "We also registered interest from private investors, for whom this instrument proved to be a good alternative to deposits. Because of our focus on professional investors, we had to divert this interest," Tursa added. An application for registration of the bonds for trading on the Bulgarian Stock Exchange will be submitted soon.
Source: economic.bg (09.08.2021)

TBI Bank bond issue goes to the BSE The Financial Supervision Commission has registered an issue of bonds issued by TBI Bank for the purpose of trading on a regulated securities market, the regulator announced. This follows the successful completion of the initial public offering of the company's bond issue. The prospectus was approved by the FSC on June 30. The total number of debt securities for which subscription applications have been submitted and for which the issue value has been received is above the number of subordinated bonds initially proposed for subscription (100), ie there is oversubscription. The issuer and the manager of the issue Capman JSC announced that they did not encounter any difficulties, there were no disputes and other similar subordinated bonds of TBI Bank when subscribing to the issue. It amounts to 100 ordinary, interest-bearing, registered, dematerialized, non-convertible, subordinated, unsecured, freely transferable bonds, with a nominal value of EUR 100,000 each. The fixed interest rate is 5.25% on an annual basis, payable annually. The principal will be repaid once on the maturity of the bond issue.
Source: Banker (13.08.2021)

BSE has received an application for admission to trading of an issue of bonds on the Bonds Segment as follows: - Issuer: CB TBI Bank EAD - ISIN of the issue: BG2100007215 - Amount of the issue: EUR 10,000,000 - Par value per bond: EUR 100,000 - BSE code assigned to the issue of bonds: TBIA
Source: BSE (16.08.2021)

The following decision has been adopted at a session of the BSE Board of Directors held under Record of Proceedings No. 64 of 18 August 2021: With reference to an application submitted under Art. 20 (1) of Part III - Listing Rules and on the grounds of Art. 33 (8) thereof, the BSE Board of Directors admits to trading on the Bonds Segment of the BSE Main Market the following issue of bonds: - Issuer: CB TBI Bank EAD-Sofia - Type of bonds: Ordinary, dematerialised, registered, interest-bearing, freely transferable, non-convertible, subordinate and unsecured - ISIN of the issue: BG2100007215 - BSE code assigned to the issue: TBIA - CFI code assigned to the issue: DBFUFR - Amount of the issue: EUR 10,000,000 - Number of bonds: 100 - Nominal value per bond: EUR 100,000 - Issue currency: EUR - Currency of trading: EUR - Segment MIC: ZBUL - Trading lot: One (1) bond - Minimum tick size: 0.001 - First trading day: 23 August 2021 (Monday) - Last trading day: 21 July 2031 - The indicative reference price for the first trading session is 100% of the nominal value. - The price of the orders being entered is a percentage of the nominal value of one trading lot /clean price/. - The price of the bid and ask orders shall not include the interest accrued as of the date of the last interest payment until the moment of order entry. INFORMATION ON THE ISSUE: - The issue is the first one of the issuer - Date of issue: 30 July 2021 - Maturity date: 30 July 2031 - Term: 120 months as of the date of issue - Annual interest rate: 5.25% - Day-count convention: 30/360 - Debt repayment: via one-off payment on the date of maturity - Interest payment schedule: Every twelve (12) months on the following fixed dates 30 July 2022; 30 July 2023; 30 July 2024; 30 July 2025; 30 July 2026; 30 July 2027; 30 July 2028; 30 July 2029; 30 July 2030; 30 July 2031 * The right to an interest payment shall be entitled to all bondholders registered as such not later than five (5) business day before the payment date respectively five (5) business days before the date of the final interest payment that coincides with the issue's maturity date. - Call option: The issuer is entitled to exercise the envisaged in the bond issue terms Call option, including a Call option of the Issuer, Regulatory/Tax call option and Call option in the event of refusal for inclusion in equity in compliance with the terms and conditions as defined in the Prospectus of the bond issue - Trustee of the bondholders: No trustee INFORMATION ON THE ISSUER: - Name in the Latin alphabet: CB TBI Bank EAD-Sofia - Registered address: Sofia, 52-54 Dimitar Hadzhikotsev St. - LEI code: 529900KIX7269PVMPY26 - BULSTAT UIC: 131134023 - Correspondence address: 1421-Sofia, 52-54 Dimitar Hadzhikotsev St. - Tel.: (+359 2) 816 39 74 - Fax: (+359 2) 816 39 31 - E-mail: treasury@tbibank.bg - Website: https://tbibank.bg/ - Authorised representatives: Nikolay Spasov, Florentina-Virdzhiniya Mircha, Valentin Galabov and Aleksandar Dimitrov - jointly by any two of them - Contact person: Anna Grigorova - Information disclosure to the public via www.x3news.com - Class under NACE Rev. 2: 64.19 - Other monetary intermediation
Source: BSE (19.08.2021)

CB TBI Bank EAD-Sofia (TBIA) The General Meeting of Bondholders of CB TBI Bank EAD (TBIA), ISIN BG2100007215, dated 26 August 2021, has passed the following resolutions: - Election of Capman Consult EOOD (UIC 201618311) as a bondholders' trustee - Determination of the remuneration to the bondholders' trustee The Record of Proceedings taken at the company's GMB is available on the website of the Exchange.
Source: BSE (31.08.2021)

TBI Bank with record net profit for 2021 The consolidated unaudited financial statements of TBI Bank report a record net profit of EUR 27.5 million for 2021, 39% more than the results for 2020. During the year TBI joined new partners in its BNPL platform (including from new industries) and to date it is present in over 14,000 retail outlets in Bulgaria and Romania. At the same time, the bank quickly adapted to the changing market environment and consumer preferences, which helped its business with end customers and small and medium-sized enterprises to grow above the market average and contribute positively to the overall result. The bank's revenues increased by 24% to EUR 124 million, mainly due to a 14% increase in net interest income and an impressive 70% increase in fee and commission income. This allows the operating profit for 2021 to reach EUR 96 million, or nearly 30% growth compared to 2020. Profit before tax amounted to EUR 34.6 million (50% growth compared to 2020). The increase in the bank's total expenses by 19% to EUR 61 million is mainly due to the accelerated growth of the loan portfolio and investments in new business lines and markets.
Source: investor.bg (05.04.2022)

CB TBI Bank EAD-Sofia (TBIA) Notification of a credit rating and preparing of a bond issue The entire piece of news may be accessed via the financial website X3News.
Source: BSE (14.07.2022)

TBI Bank JSC is preparing a new issue of bonds, which are structured to meet the requirements for additional Tier 1 capital. After publication of a prospectus approved by the Financial Supervision Commission (FSC), the issue could also be traded on the Bulgarian Stock Exchange (BSE). Before last year, TBI Bank issued ten-year bonds aimed at meeting Tier 2 capital requirements. The issue was for 10 million euros. The bonds have a single nominal value of EUR 100,000 and were mainly aimed at institutional and professional investors. Their annual interest is fixed at 5.25%. The bonds are also traded on the BSE. The financial institution reported a record net profit in the first quarter of the year in the amount of EUR 10.2 million, which is 40% higher compared to the first quarter of 2021. The bank's assets reached EUR 745 million, growing by 5% compared to the end of 2021. The credit portfolio also increased and reached EUR 585 million at the end of March 2022 - 7% more than at the end of 2021. In the first three months of the year, the amount of standard loans granted through the various channels in Bulgaria - mobile application, online and office network, up 73% over the same period in 2021. The bank's income for the period increased to 36 million euros. Net interest income increased by 22% year-on-year.
Source: investor.bg (15.07.2022)

TB TBI Bank EAD-Sofia (TBIA) In connection with the occurrence of an interest payment on the issue of bonds issued by TB TBI Bank EAD-Sofia, (TBIA), issue with ISIN code - BG2100007215, we inform you of the following: - Date of interest payment: 30.07.2022; - Coupon: 5.25 %; - Holders of bonds who are registered as such in the book kept by the Central Depository AD as of 07/25/2022 have the right to interest payment; - The last date for concluding transactions with bonds from this issue on the Exchange, as a result of which the acquirer has the right to an interest payment, is 21.07.2022;
Source: BSE (21.07.2022)

The following decision has been adopted at a session of the BSE Board of Directors held under Record of Proceedings No. 58 of 08 September 2022: With reference to an application submitted by CB TBI Bank EAD under Art. 36 (1) of Part II - Membership Rules of the BSE Rules and Regulations, the Board of Directors admits to trading on the Exchange new broker as follows: - Georgi Boiadjiev - Correspondence address: 1000-Sofia, 82A Al. Dondukov Blvd. - Telephone number: +359 894 305 237 - E-mail: gboiadjiev@tbibank.bg
Source: BSE (09.09.2022)

"TBI Bank" EAD-Sofia will pay its sole owner - "TBI Financial Services" B.V. Netherlands, over BGN 19.5 million dividend. The decision to pay the dividend was made by the sole owner of the Bulgarian bank, according to a statement from TBI Bank. The amount is from undistributed and audited annual profit of the bank for 2019 and 2020.
Source: investor.bg (21.11.2022)

CB TBI Bank EAD-Sofia (TBIA) According to a decision taken by TBI Financial Services B.V., the Netherlands as a sole owner of the bank's capital, the bank will distribute to them a dividend of BGN 19,558 thousand from retained and audited annual profits for the years 2019 and 2020. The dividend payout has been preliminary agreed with the Bulgarian National Bank.
Source: BSE (21.11.2022)

"BANKER" newspaper presented the "Banker of the Year" awards for the 29th time. For achieving high organic growth during the crisis year, the "Banker of the Year" prize was awarded to Petya Dimitrova, CEO and Chairman of the Management Board of "Poschenska Banka". Diana Miteva, executive director and head of the Retail Banking department and member of the board of directors of DSK Bank, was named "Banker of the Year" for maintaining and successfully stimulating the high level of customer trust. For inorganic growth through the acquisition of Raiffeisenbank Bulgaria by KBC Bank, the Chairman of the Management Board and CEO of KBC Bank Bulgaria and UBB Peter Ruben was awarded with the "Banker of the Year" award. The Chief Operating Officer of TBI Bank Nikolay Spasov received the "Banker of the Year" prize for high profit, profitability of equity capital and rate of increase in assets. For the achievement of remarkable successes in digitization and alternative service channels, the "Banker of the Year" distinction was won by the CEO and Chairman of the Board of Directors of "First Investment Bank" Nikola Bakalov.
Source: Banker (06.12.2022)

The consolidated unaudited financial results of the bank for the first nine months of 2022 show a record net profit in the history of tbi bank in the amount of EUR 30.2 million - 33% higher compared to the same period in 2021 and already exceeding the result achieved for the entire previous year (27.5 million euros). In the first nine months of 2022, tbi bank served nearly 850,000 applications in Bulgaria, Romania and Greece, with nearly 400,000 granted loans worth EUR 520 million (36% year-on-year growth). Thus, the bank's assets reached EUR 909 million, marking an increase of EUR 200 million since the beginning of the year (28% growth compared to the end of 2021), and the loan portfolio grew to EUR 718 million at the end of September 2022 .(32% growth compared to the end of 2021). Since the beginning of 2022, consumer loans granted through digital channels and service centers in Bulgaria have grown by 54% compared to the same period in 2021 and have made a major contribution to tbi bank's record results. Thanks to the positive business results, the bank's income increased by 29% to EUR 115 million, mainly due to the growth of net interest income and income from fees and commissions. Thus, the operating profit for the first nine months of 2022 reaches 91.6 million euros - with a growth of 30% compared to last year. In addition, tbi bank's deposit portfolio reached EUR 652 million at the end of September 2022, significantly outperforming the market and achieving healthy growth of 33% - in line with loan portfolio growth.
Source: Other (16.12.2022)

The consolidated unaudited financial statement of tbi-bank for 2022 shows a net profit of EUR 35.5 million – 29% more than the result for 2021 (EUR 27.5 million). tbi bank has served almost 1.3 million financing applications in Bulgaria, Romania and Greece and approved nearly 550 thousand financial plans with a total value of 726 million euros (34% more than in 2021). tbi reports asset growth of 54% by the end of 2022, reaching EUR 1.1 billion (an increase of EUR 380 million in 2022). The loan portfolio reached EUR 778 million at the end of December 2022 (43% growth compared to 2021). In 2022, standard loans grew by nearly 50%, compared to growth of 20% in 2021. Thanks to this healthy growth, the bank's revenues increased by 30% to 161 million euros. Thus, the operating profit for 2022 reaches 122 million euros, which marks a nearly 28% growth on an annual basis. The increase in the bank's total expenses by 30% to EUR 79 million is mainly due to the accelerated growth of the loan portfolio and investments in new business lines (the mobile application and the neon debit card) and markets (the expansion to Greece). The profit before taxation amounted to EUR 43 million. The deposit portfolio of tbi bank reached EUR 796 million at the end of the year, reporting a record growth of 63%.
Source: actualno.com (31.03.2023)

The Financial Supervision Commission approved a prospectus for the public offering and admission to trading on a regulated market of an issue of first-rate, unsecured bonds of "TBI Bank" EAD. The issue of TBI Bank" is in the amount of up to EUR 70 million, divided into up to 700 ordinary, interest-bearing, registered, non-current, non-convertible, first-rate, non-privileged, unsecured, freely transferable bonds with a nominal and issue value of EUR 100 thousand each . The bond loan has a term of three years. with the possibility of additional issuance of bonds up to 12 months from the date of approval of the prospectus by the FSC, if the initially proposed amount is below the maximum amount of the issue, specified in the announcement. The interest rate on the issue is fixed for the entire term of the bonds, payable in annual periods, and will be determined based on market conditions within the specified interest rate range offered. Last year, the bank reported a record net profit of EUR 35.5 million, which is a third higher than the record financial result of 2021 – EUR 27.5 million. "TBI Bank" paid a dividend in the amount of BGN 19.56 million from undistributed and audited annual profit for 2019 and 2020. The decision for this was taken by the sole owner of the bank's capital - "TI BI Financial Services" B.V. – The Netherlands.
Source: Banker (26.05.2023)

FSC approves TBI Bank bond issue for trading The Financial Supervision Commission (FSC) has decided to enter in its registers a bond issue issued by "TBI Bank" EAD, for the purpose of trading on a regulated market, reports the FSC. The issue is in the amount of 100 ordinary, interest-bearing, registered, non-current, non-convertible, first-rate, non-privileged, unsecured, freely transferable bonds, with a nominal value of EUR 100,000 each. The bonds have a fixed interest rate of 9 percent for the entire bond period of 3 years, payable in annual periods. The issue has the possibility of additional issuance of bonds up to 12 months from the date of approval of the prospectus by the FSC, with the right of the issuer to exercise a call option one year before the maturity of the bonds and a call option in case of disqualification of the bonds as eligible liabilities ("call option at disqualification").
Source: BTA (19.06.2023)

BSE has received an application for admission to trading of an issue of bonds on the Bonds Segment as follows: - Issuer: CB TBI Bank EAD - ISIN of the issue: BG2100005235 - Amount of the issue: EUR 10,000,000 - Par value per bond: EUR 100,000 - BSE code assigned to the issue of bonds: TBIB
Source: BSE (26.06.2023)

tbi bank has successfully issued public bonds structured to meet the requirements for instruments of eligible liabilities (MREL) in the amount of EUR 10 million (with a nominal value of EUR 100 thousand each). Orders were registered for 1.5 times the issue, which shows the great interest from various investors. The bonds bear an annual interest rate of 9% and mature in 2026, with the bank having the right to redeem them early in 2025. The bonds have already been registered with the Financial Supervision Commission and the Central Depository, and will soon be released for secondary trading on the Bulgarian Stock Exchange.
Source: Banker (27.06.2023)

At a meeting held by the Board of Directors of the BSE under Protocol No. 34/29.06.2023, the following decision was made: In connection with an application submitted under Art. 20, para. 1 of Part III of the Rules for Admission to Trading, the Board of Directors of BSE AD on the basis of Art. 33, para. 8 of the same, admitted to trading on the BSE Main Market, Bond Segment, the following issue: - Issuer: TBI Bank EAD; - Type of bonds: ordinary, registered, non-current, interest-bearing, freely transferable, non-convertible, senior, unsecured bonds, which are structured to meet the requirements for instruments of eligible liabilities within the meaning of Chapter XIII, Section II of the Credit Recovery and Restructuring Act institutions and investment intermediaries (ZVPKIIP); - ISIN code of the issue: BG2100005235; - Exchange code of the issue: TBIB; - CFI issue code: DBFUFR; - Amount of issue: 10,000,000 euros; - Number of bonds: 100; - Nominal value of one bond: 100,000 euros; - Currency of issue: euro; - Trading currency: euro; - Date of introduction for trading: 07/04/2023 (Tuesday); - Closing date for trading: 29.05.2026; - Segment MIC: ZBUL; - Market lot (lot): 1 (one) bond; - Minimum quotation step: 0.001; - Indicative reference price for the first trading session: 100% of the nominal value; - The price of the entered orders is a percentage of the nominal value of one market lot /net price/; - The price of orders for the purchase and sale of bonds does not include the accrued interest from the date of the last interest payment until the moment of entering the order; SHOW INFO: - The issue of bonds is the first in order for the Issuer, structured to meet the requirements for an instrument of acceptable obligations in the sense of Chapter XIII, Section II of the LLIP. - Date of issue: 06/09/2023; - Maturity date: 06/09/2026; - Maturity: 36 months, starting from the issue date; - Annual interest rate: 9%; - Interest convention: 30/360; - Repayment of the loan: once on the due date; - Interest payment period: 12-month with a fixed date of interest payments as follows: 06/09/2024 06/09/2025 06/09/2026 * Persons registered in the central register of securities as bondholders no later than 5 /five/ working days before the date of the corresponding payment, respectively 5 /five/ working days before the date of the last interest and amortization payment, have the right to an interest payment, which coincide with the maturity date of the issue. - Representative of the bondholders: To be elected at the AGM. - The Issuer has the right, under the conditions specified in the Prospectus, to exercise the stipulated "Issuer's Call Option" and "Call Option in case of disqualification". ISSUER INFORMATION: - Latin name: CB TBI Bank EAD-Sofia; - Headquarters: Sofia, Dimitar Hadzhikotsev St. 52-54; - EIK: 131134023; - LEI code: 529900KIX7269PVMPY26; - Address for correspondence: Sofia, 52-54 Dimitar Hadzhikotsev Street; - Tel.: (+359 2) 816 39 74; - E-mail: fi@tbibank.bg; - Web address: https://tbibank.bg/; - Representing: Alexander Dimitrov, Valentin Galabov, Nikolay Spasov, Lucas Tursa; - Contact person: Nikolay Gruncharov; - Disclosure Media: www.x3news.com; - Subject of activity: Banking activity.
Source: BSE (30.06.2023)

CB TBI Bank EAD-Sofia (TBIB) The General Meeting of Bondholders of CB TBI Bank, ISIN BG2100005235, dated 03 July 2023 has passed the following resolutions: - Election of a trustee of the bondholders - Determination of the remuneration to the bondholders' representative
Source: BSE (06.07.2023)

TB TBI Bank EAD-Sofia (TBIA) In connection with the occurrence of an interest payment on the issue of bonds issued by TB TBI Bank EAD-Sofia, (TBIA), issue with ISIN code - BG2100007215, we inform you of the following: - Date of interest payment: 30.07.2023; - Coupon: 5.25 %; - Holders of bonds who are registered as such in the book kept by the Central Depository AD as of 07/24/2023 have the right to interest payment; - The last date for concluding transactions with bonds from this issue on the Stock Exchange, as a result of which the acquirer has the right to an interest payment, is 20.07.2023;
Source: BSE (20.07.2023)

Trading Suspensions & Removals: Date and time of the publication / communication 2023-09-04T11:31:00.Z Action type Suspension Reasons for the action Request from Central Depository AD Effective from 2023-09-05T06:30:00.Z Effective to 2023-09-11T06:30:00.Z Ongoing True Trading venue(s) XBUL Issuer name CB TBI Bank EAD-Sofia Issuer 529900KIX7269PVMPY26 Instrument identifier BG2100005235 Instrument full name TBI Bank Related derivatives Other related instruments Comments
Source: BSE (05.09.2023)

Trading Suspensions & Removals: Date and time of the publication / communication 2023-09-04T11:27:00.Z Action type Suspension Reasons for the action Request from Central Depository AD Effective from 2023-09-05T06:30:00.Z Effective to 2023-09-11T06:30:00.Z Ongoing True Trading venue(s) XBUL Issuer name CB TBI Bank EAD-Sofia Issuer 529900KIX7269PVMPY26 Instrument identifier BG2100007215 Instrument full name TBI Bank Related derivatives Other related instruments Comments
Source: BSE (05.09.2023)

tbi's consolidated unaudited financial statement for the first half of the year shows a net profit of EUR 18.4 million. tbi bank's revenue grew by 28% to EUR 95 million, mainly thanks to a 27% increase in net interest income and a 35% increase in net fee and commission income. Thus, the operating profit for the first half of 2023 reaches EUR 68 million. The increase in the bank's total expenses by 25% to EUR 46 million is mainly due to the accelerated growth of the loan portfolio and investments in new business lines (the free debit card neon and the mobile application) and markets (expansion in Greece).
Source: 24 chasa (05.10.2023)

TB TBI Bank EAD-Sofia (TBIA) TB TBI Bank EAD publishes a notification regarding received investment ratings from Moody's.
Source: BSE (11.10.2023)

tbi bank reported 50% growth in assets at the end of September 2023. In the first nine months of 2023, tbi bank maintained its stable positions in terms of liquidity and capital, continuing to invest in its future development, while also reaching an important share in its deposit portfolio. The leading challenger bank in the Southeast Europe region continues to report remarkable financial results. tbi's consolidated unaudited financial statement for the nine months of 2023 shows a net profit of EUR 27.2 million. During the reported period, tbi concluded a number of new partnerships, including with merchants from new sectors, and is now present in over 22,200 retail outlets in its main markets - Bulgaria, Romania and Greece. This impressive range contributes to the bank being among the leaders in terms of payment products offered in the three countries. As of the end of September 2023, tbi bank has processed 1.7 million financing applications in Bulgaria, Romania and Greece, which is twice as much compared to the same period in 2022. In addition, 70% of financing applications in end customers were submitted through digital self-service channels (compared to 48% in the nine months of 2022) and contributed significantly to the excellent results. By the end of September, the bank had approved nearly 500,000 loans with a total value of EUR 672 million (28% more than in the same period of 2022). tbi reported a 50% growth in assets at the end of September 2023, reaching EUR 1.35 billion (vs. EUR 910 million at the end of the nine months of 2022).
Source: Trud (20.11.2023)

CB TBI Bank EAD-Sofia (TBIA) On 15 December 2023, TBI Bank issued a bond structured to meet the requirements for instruments of eligible liabilities under the Recovery and Resolution of Credit Institutions and Investment Firms Act. The bond issue has a total nominal value of EUR 10,000,000, an annual interest rate of 9.50%, and a maturity date on 15 September 2026. There were 100 bonds of EUR 100,000 nominal value each underwritten. According to the terms of issuance, the Bank will prepare and submit to the Financial Supervision Commission a prospectus for admission of the bond issue to trading on the Bulgarian Stock Exchange within six months from the date of issuance.
Source: BSE (19.12.2023)

Concerning an application submitted by CB TBI Bank EAD, BSE withholds the rights of Aleksandar Totev, granting him access to the BSE Trading System as of 03 January 2024.
Source: BSE (03.01.2024)

As of December 31, 2023, 23 banks operate in Bulgaria's banking sector, 6 of which are branches of foreign credit institutions. Total assets of the banking system as of December 31 last year. amounted to BGN 172.1 billion, marking an increase of 4.22% compared to September 30. The share of the five largest banks based on total assets in the banking system as of December 31 is 76.84 percent. United Bulgarian Bank AD remains in the leading position with assets in the amount of BGN 34.0 billion or 19.78% market share, marking a growth of 4.63% in assets compared to September 30, 2023. Bank DSK AD is in second position with a 19.05% market share and a growth in assets of 5.48% compared to the previous quarter. In third position is Unicredit Bulbank AD with an unchanged market share of 18.67% compared to the end of the previous quarter and a growth in assets of 4.21% compared to September 30. The fourth and fifth positions, unchanged compared to the end of the previous quarter, are occupied respectively by Eurobank Bulgaria AD and First Investment Bank AD. The net assets of the banks as of December 31, 2023 amounted to BGN 20.0 billion, marking an increase of 3.55% compared to September 30. Bank DSK AD remains in the leading position according to this indicator - as of December 31, its net assets have increased by 6.38% compared to September 30, 2023. A growth of 4.52% in net assets was registered by Unicredit Bulbank AD as of December 31 and remains in second place by this indicator. United Bulgarian Bank AD occupies the third position in terms of net assets as of December 31, reporting a growth of 3.84% compared to September 30, 2023. Eurobank Bulgaria AD continues to occupy the fourth position, reporting a growth in net assets of 4.40% compared to September 30. First Investment Bank AD remains in fifth position with a growth in net assets of 0.66% compared to September 30, 2023. The net profit of the banking system marked a significant growth of 64.35%, reaching BGN 3.4 billion for 2023, compared to BGN 2.1 billion for 2022. Bank DSK AD occupies the leading position with a profit of BGN 1.0 billion or a 29.44% share of the profits in the sector for the last year, reporting a growth of 77.53% compared to the previous year. Unicredit Bulbank AD is in second position in terms of profit share in the sector, namely 23.61%, reporting an increase of 73.15% and reaching BGN 807 million for 2023 compared to BGN 466 million for 2022. United Bulgarian Bank AD doubles its profit from the previous year, reaching BGN 472 million for 2023 or a growth of 211.43%, rising to the third position with a 13.81% share in the profits of the sector. Eurobank Bulgaria AD is in fourth position with a profit of BGN 308 million and a market share of 9.02% for 2023, registering an increase of 49.02% compared to 2022. First Investment Bank AD climbs to the fifth position with a profit of BGN 135 million, registering an increase of 68.70% compared to 2022. The return on assets (calculated on the basis of Net profit / Total assets) amounts to 1.99% in total for the banking system throughout 2023 compared to 1.34% for 2022. According to this indicator, Citibank Europe AD - Bulgaria Branch is in the leading position with 3.59%, marking an increase compared to the previous year, when the return on assets was 1.30 percent. TBI Bank EAD occupies the second position with a 3.58% return on assets for 2023 compared to 6.03% for 2022. Next positions are occupied by Varengold Bank AG, Sofia Branch with 3.33%, DSK Bank AD with 3.07% and Targovska Banka D AD, which is in fifth place with 2.66 percent. Return on equity (calculated on a Net Profit / Equity basis, with the ranking excluding foreign bank branches), increases to 16.72% for 2023, compared to 11.77% a year earlier. With the highest return on equity remains TBI Bank EAD with 22.76%, and in second place is DSK Bank AD with 22.56%, followed by Unicredit Bulbank AD with 22.03%, Targovska Banka D AD with 20.78% and International Asset Bank AD with 18.95 percent. The efficiency indicator (calculated on the basis of the ratio between administrative expenses and total net operating income) reports an improvement from 37.36% for 2022 to 31.80 percent. In the leading position according to this indicator for 2023 is Unicredit Bulbank AD with 23.10% compared to 29.06% for 2022. Bank DSK AD is in second position, reporting an improvement in efficiency from 28.03% for 2022 to 24.37 percent. Citibank Europe AD – Bulgaria Branch climbs to third position, reporting an increase in efficiency from 38.19% in 2022 to 25.86% in 2023. Next come Investbank AD and Te-Je Ziraat Bankas - Sofia Branch in fourth and fifth position, respectively.
Source: Banker (09.02.2024)

At the end of December 2023, housing loans amounted to BGN 19.901 billion and grew by 20.5% on an annual basis Three of the commercial banks in Bulgaria increased the loans provided to households by over BGN 1 billion in 2023. Two of the institutions officially finalized acquisition transactions during the year, which also had an impact on the growth of this indicator. Number 1 for last year is United Bulgarian Bank, which added 4.5 billion BGN of new loans. At the end of 2022, the loan portfolio to households of KBC Bank Bulgaria amounts to BGN 3.5 billion. Postbank also reports an increase of BGN 1.97 billion, of which BGN 925 million comes from the acquired BNP Paribas Personal Finance. DSK Bank is also in the top 3, adding BGN 1.58 billion in new loans from households, ranking ahead of UniCredit Bulbank and TBI Bank, which increased their portfolios by BGN 725 and 474 million, respectively. An increase of over BGN 100 million. is also reported at Allianz Bank Bulgaria (BGN 227 million), First Investment Bank (BGN 220 million) and Central Cooperative Bank (BGN 101 million). The Bulgarian-American Credit Bank (BGN 87.7 million) also remains slightly below this limit. ?
Source: Darik Radio (13.02.2024)

A net profit of EUR 42.4 million is reported by TBI Bank for 2023. Net profit in the amount of 42.4 million euros of "tbi bank" (tbi bank) for 2023 shows the consolidated unaudited financial report of the bank for the past year. It is 16 percent higher than in 2022 - 35.5 million euros. The bank, which operates in Bulgaria, Romania and Greece, is already present in over 20,000 commercial outlets in its main markets. In 2023, the bank handled 2.5 million financing applications in the three countries, double the number compared to 2022, approved nearly 750,000 loans with a total value of nearly ˆ1 billion, which is 33 percent more compared to with the previous year. TBI reported a growth in assets of nearly 40 percent at the end of December 2023, reaching EUR 1.48 billion (from EUR 1.07 billion at the end of December 2022). The loan portfolio reached EUR 1.04 billion at the end of December 2023 (34 percent growth compared to 2022). The data also shows that 71 percent of funding applications are submitted through self-service digital channels (51 percent in 2022). The bank's operating profit increased by 32 percent to ˆ203 million, mainly thanks to a 27 percent increase in net interest income and a 25 percent increase in net fee and commission income, bringing 2023 operating profit to ˆ146 million , TBI notes.
Source: BTA (14.03.2024)

Banks earned BGN 527 million from interest on loans to the public during the quarter For the last year up to March 31, the portfolios of banks in Bulgaria have added net 4.02 billion BGN mortgage loans and 2.16 billion BGN consumer loans, with which the liabilities of households now amount to over 41.2 billion BGN. After the acquisition of Raiffeisenbank, UBB became the largest bank in Bulgaria. The addition of the loan portfolio of the purchased institution allowed it to come out on top in this ranking as well, with BNB data showing that the United Bulgarian Bank added net BGN 2.9 billion housing and BGN 1.6 billion consumer loans. Over BGN 1 billion in net mortgage loans for the period was added only by DSK Bank (note: BGN 1.2 billion). UniCredit Bulbank (BGN 808 million) and Postbank (BGN 576 million) follow. More than BGN 100 million in new housing loans were provided by two more banks - Allianz Bank Bulgaria (BGN 148 million) and First Investment Bank (BGN 144 million). In terms of consumer loans, after UBB is Postbank, which acquired BNP Paribas Personal Finance. Over BGN 100 million in loans were also provided by DSK Bank (BGN 624 million) and TBI Bank (BGN 478 million), below this limit were Central Cooperative Bank (BGN 98 million) and Allianz Bank ( BGN 92 million). Banks received BGN 527 million in interest for loans granted to the population for the first three months of the year.
Source: econ.bg (16.05.2024)

The Financial Supervision Commission (FSC) has approved a prospectus for the public offering and admission to trading on the regulated market of the bond issue of TBI Bank AD. The issue is in the amount of up to EUR 50 million, divided into up to 500 ordinary, interest-bearing, registered, non-current, non-convertible, first-rate, non-privileged, unsecured, freely transferable bonds, structured to meet the requirements for eligible liability instruments. The nominal and issue value of the bonds is EUR 100,000 each. The interest rate is fixed for the entire period of the bonds, and interest will be paid every three months from the issue date. The principal is intended to be paid in one lump sum at maturity. The term of the issue is 30 months. It is possible to issue additional bonds up to 12 months from the date of approval of the prospectus by the FSC, as well as the right to exercise a call option by the issuer one year before maturity. On May 21, TBI Bank reported a consolidated net profit for the first quarter of the year in the amount of 11.3 million euros (over BGN 22 million), which is almost 40% more compared to the first quarter of 2023. and is a record result for the bank. Revenues are 58 million euros, which is 30% more on an annual basis.
Source: investor.bg (23.05.2024)

At a meeting held by the Board of Directors of the BSE under Protocol No. 41/06.06.2024, the following decision was taken: In connection with an application submitted under Art. 22, para. 1 of Part III Rules for admission to trading The Board of Directors of BSE AD, on the basis of Art. 35, para. 8 of the same, admits the following issue to trading on the Bond Segment of the BSE Main Market: - Issuer: TBI Bank EAD; - Type of bonds: ordinary, registered, non-current, interest-bearing, freely transferable, non-convertible, unsecured, senior bonds, which are structured to meet the requirements for eligible liabilities within the meaning of Chapter XIII, Section II of the Law on the Recovery and Restructuring of Credit Institutions and investment intermediaries; - ISIN code of the issue: BG2100042238; - Exchange code of the issue: TBIC; - CFI issue code: DBFUFR; - Amount of issue: 10,000,000 euros; - Number of bonds: 100; - Nominal value of one bond: 100,000 euros; - Currency of issue: euro; - Trading currency: euro; - Date of introduction for trading: 11.06.2024 (Tuesday); - Closing date for trading: 09/03/2026; - Segment MIC: ZBUL; - Market lot (lot): 1 (one) bond; - Minimum quotation step: 0.001; - Indicative reference price for the first trading session: 100% of the nominal value; - The price of the entered orders is a percentage of the nominal value of one market lot /net price/; - The price of orders for the purchase and sale of bonds does not include the accrued interest from the date of the last interest payment until the moment of entering the order; SHOW INFO: - The issue is the second issue issued by the issuer; - Date of issue: 15.12.2023; - Maturity date: 15.09.2026; - Maturity: 33 months, starting from the issue date; - Annual interest rate: 9.50%; - Interest convention: 30/360; - Repayment of the loan: once on the due date; - Interest payment period: 3-month with a fixed date of interest payments as follows: 15.03.2024 15.06.2024 15.09.2024 15.12.2024 15.03.2025 15.06.2025 15.09.2025 15.12.2025 15.03.2026 15.06.2026 15/09/2026 * Persons registered in the central register of securities as bondholders no later than 5 /five/ working days before the date of the relevant payment, respectively 5 /five/ working days before the date of the last interest and amortization payment, have the right to an interest payment, which coincide with the maturity date of the issue. - Representative of the bondholders: Kapman consult EOOD, EIK 201618311 - The Issuer has the right to prepay 100% of the bond principal, together with the accrued interest, by exercising a call option, as described in the Prospectus: "Issuer's Call Option", "Call Option in case of Disqualification of the Bonds as Eligible Liabilities" and "Tax call option'. ISSUER INFORMATION: - Latin name: CB TBI Bank EAD; - Headquarters: Sofia, Dimitar Hadzhikotsev St. 52-54; - EIK: 131134023; - LEI code: 529900KIX7269PVMPY26; - Address for correspondence: Sofia, 52-54 Dimitar Hadzhikotsev Street; - Tel.: +359 2 816 39 74; - E-mail: ngrancharov@tbibank.bg; - Website: www.tbibank.bg; - Representing: Each two of the executive directors: Alexander Dimitrov, Valentin Galabov, Nikolay Spasov, Lukas Tursa; - Contact person: Nikolay Gruncharov; - Disclosure Media: http://www.x3news.com/; - Subject of activity (Class under KID-2008): Banking activity (64.19)
Source: BSE (07.06.2024)

BSE received an application for admission to trading of an issue of bonds on the Bonds Segment as follows: - Issuer: TBI Bank EAD - ISIN of the issue: BG2100042238 - Amount of the issue: EUR 10,000,000 - Par value per bond: EUR 100,000 - BSE code assigned to the issue of bonds: TBIC
Source: BSE (07.06.2024)

CB TBI Bank EAD (TBIA) Notice under Art. 89r of the POSA regarding the start of the public offering of senior unsecured bonds, ISIN BG2100021240, according to the prospectus approved by the FSC under resolution No. 344-E of 21 May 2024.
Source: BSE (11.06.2024)

tbi bank has announced that it is capitalizing its entire consolidated net profit for 2023 in the amount of EUR 42.5 million. The bank's profit for the first half of 2023 was capitalized following approval by the Bulgarian National Bank (BNB) late last year. To support the future development of the business, tbi bank's shareholders decided to also reinvest the profit from the second half of 2023. tbi reported record financial results in 2023 - 17% higher net profit and an impressive growth of assets of nearly 40% (the highest among all banks on the Bulgarian market). Last year, the bank considered 1.6 million applications for financing from customers in Bulgaria, Romania and Greece (twice as much compared to 2022), approving nearly 750,000 loans with a total value of nearly 1 billion euros (30% year-on-year growth).
Source: money.bg (03.07.2024)

The Financial Supervision Commission has registered an issue of bonds to be issued by "TBI Bank" EAD - Sofia in the register of public companies and other issuers of securities, for the purpose of trading on a regulated market. It is in the amount of 200 interest-bearing, registered, non-current, non-convertible, first-rate, non-privileged, unsecured, freely transferable bonds. The books are structured to meet the requirements for acceptable liability instruments in the sense of Chapter XIII, Section II of the Law on the Recovery and Restructuring of Credit Institutions and Investment Intermediaries. The bonds have a nominal value of EUR 100,000 each, with ISIN code BG2100021240. They have a fixed interest rate for the entire period of the bonds, payable in quarterly periods, starting from the issue date and determined on the basis of market conditions within the specified interest range offered. Principal is payable in one lump sum on the maturity date.
Source: Banker (05.07.2024)

BSE has received an application for admission to trading of an issue of bonds on the Bonds Segment as follows: - Issuer: CB TBI Bank EAD - ISIN of the issue: BG2100021240 - Amount of the issue: EUR 20,000,000 - Par value per bond: EUR 100,000 - BSE code assigned to the issue of bonds: TBID
Source: BSE (10.07.2024)

At a meeting held by the Board of Directors of the BSE under Protocol No. 52/11.07.2024, the following decision was taken: In connection with an application submitted under Art. 22, para. 1 of Part III Rules for Admission to Trading The Board of Directors of BSE AD, on the basis of Art. 35, para. 8 of the same, admits the following issue to trading on the Bond Segment of the BSE Main Market: - Issuer: TBI Bank EAD; - Type of bonds: ordinary, registered, non-current, interest-bearing, freely transferable, non-convertible, non-privileged, unsecured, senior bonds, which are structured to meet the requirements for eligible liabilities within the meaning of Chapter XIII, Section II of the Credit Recovery and Restructuring Act institutions and investment intermediaries; - ISIN code of the issue: BG2100021240; - Exchange code of the issue: TBID; - CFI issue code: DBFUFR; - Amount of issue: 20,000,000 euros; - Number of bonds: 200; - Nominal value of one bond: 100,000 euros; - Currency of issue: euro; - Trading currency: euro; - Date of introduction for trading: 16.07.2024 (Tuesday); - Closing date for trading: 10.12.2026; - Segmental MIC: ZBUL; - Market lot (lot): 1 (one) bond; - Minimum quotation step: 0.001; - Indicative reference price for the first trading session: 100% of the nominal value; - The price of the entered orders is a percentage of the nominal value of one market lot /net price/; - The price of orders for the purchase and sale of bonds does not include the accrued interest from the date of the last interest payment until the moment of entering the order; SHOW INFO: - The issue is the third in a row issued by the issuer; - Date of issue: 21.06.2024; - Maturity date: 21.12.2026; - Maturity: 30 months, starting from the issue date; - Annual interest rate: 9.00%; - Interest convention: 30/360; - Repayment of the loan: once on the due date; - Interest payment period: 3-month with a fixed date of interest payments as follows: 21.09.2024 21.12.2024 21.03.2025 06/21/2025 21.09.2025 21.12.2025 21.03.2026 21.06.2026 21.09.2026 21.12.2026 * Persons registered in the central register of securities as bondholders no later than 5 /five/ working days before the date of the relevant payment, respectively 5 /five/ working days before the date of the last interest and amortization payment, have the right to an interest payment, which coincide with the maturity date of the issue. - Representative of the bondholders: Kapman consult EOOD, EIK 201618311 - The Issuer has the right to pay off the principal of the bonds ahead of schedule, together with the accrued interest, by exercising a call option, as described in the Prospectus: "Issuer's Call Option", "Call Option in case of Disqualification of the Bonds as Eligible Liabilities" and "Tax Call Option" . ISSUER INFORMATION: - Latin name: TBI Bank; - Headquarters: Sofia, Dimitar Hadzhikotsev St. 52-54; - EIK: 131134023; - LEI code: 529900KIX7269PVMPY26; - Address for correspondence: Sofia, 52-54 Dimitar Hadzhikotsev Street; - Tel.: +359 2 816 39 74; - E-mail: ngrancharov@tbibank.bg; - Website: www.tbibank.bg; - Representing: Each two of the executive directors: Alexander Dimitrov, Valentin Galabov, Nikolay Spasov, Lukas Tursa; - Contact person: Nikolay Gruncharov; - Disclosure Media: http://www.x3news.com/; - Subject of activity (Class under KID-2008): Banking activity (64.19) Èç
Source: BSE (12.07.2024)

CB TBI Bank EAD (TBIA) The BCRA – Credit Rating Agency AD confirmed on 11 July 2024 the credit rating assigned to TBI Bank in 2023.
Source: BSE (15.07.2024)

CB TBI Bank EAD (TBIA) In view of a forthcoming interest payment on an issue of bonds, please, be informed of the following: - Issuer: CB TBI Bank EAD - BSE code: TBIA - ISIN: BG2100007215 - Date of interest payment: 30.07.2024 - Coupon rate: 5.25 % - All bondholders registered with the Central Depository as of 23.07.2024 (Record Date) will be entitled to receive the payment. - The final date for transacting in bonds of this issue on BSE-Sofia, as a result of which the buyer will have the right to the interest payment, will be 19.07.2024 (Ex Date: 22.07.2024).
Source: BSE (19.07.2024)

tbi bank reports record net profit for half-year 2024 tbi's consolidated unaudited financial statement for the first half of 2024 shows a net profit of ˆ23.2m – up 17% from ˆ19.7m in the same period last year. In the first half of 2024, tbi bank served 1 million financing applications in Bulgaria, Romania and Greece, which is nearly 40% more compared to the same period in 2023. By the end of June, the bank had approved nearly 420,000 payment plan for a total of 532 million euros (22% more compared to the same period in 2023). tbi bank's revenue grew by 25% to EUR 120 million, mainly thanks to a 28% increase in net interest income. Thus, the operating profit for the first half of 2024 reaches EUR 85 million.
Source: 24 chasa (03.09.2024)

CB TBI Bank EAD (TBIC) In view of a forthcoming interest payment on an issue of bonds, please, be informed of the following: - Issuer: CB TBI Bank EAD - BSE code: TBIC - ISIN: BG2100042238 - Date of interest payment: 15.09.2024 - Coupon rate: 9.5 % - All bondholders registered with the Central Depository as of 09.09.2024 (Record Date) will be entitled to receive the payment. - The final date for transacting in bonds of this issue on BSE-Sofia, as a result of which the buyer will have the right to the interest payment, will be 04.09.2024 (Ex Date: 05.09.2024).
Source: BSE (04.09.2024)

CB TBI Bank EAD (TBID) In view of a forthcoming interest payment on an issue of bonds, please, be informed of the following: - Issuer: CB TBI Bank EAD - BSE code: TBID - ISIN: BG2100021240 - Date of interest payment: 21.09.2024 - Coupon rate: 9 % - All bondholders registered with the Central Depository as of 16.09.2024 (Record Date) will be entitled to receive the payment. - The final date for transacting in bonds of this issue on BSE-Sofia, as a result of which the buyer will have the right to the interest payment, will be 12.09.2024 (Ex Date: 13.09.2024).
Source: BSE (12.09.2024)

tbi bank paid interest to bond investors tb³ bank made a quarterly payment to the bondholders issued in December 2023 (c 9.5% annual interest rate). The bank also made the annual cash payment to investors in the subordinated debt from 2021 (with an annual interest rate of 5.25%). The total sum paid to the investors in the two bonds is close to 800 thousand. epo. In 2023, the bank achieved the highest ratio of assets (nearly 40%) among all banks in Bulgaria and reported a consolidated net profit of EUR 42.4 million. This positive trend continues through the first half of 2024 with a 17% increase in net profit and a 33% increase in assets on an annual basis.
Source: money.bg (17.09.2024)

tbi bank has appointed Kostin Minkovic, Senior Vice President Credit Risk, to its Management Board (MB). Kostin joins tbi bank from parent company 4finance, where he led the international Risk team, responsible for portfolio analysis, collections, fraud, risk management technology and impairment. Minkovic has over 20 years of experience in the field, having held positions in banking and non-banking institutions, including a leadership role at Banc Post Romania. As a member of the MB, Kostin Minkovic will focus on improving credit risk management strategies and supporting the bank’s efforts to establish its leadership in innovation.
Source: 24 chasa (05.12.2024)

CB TBI Bank EAD (TBIC) In view of a forthcoming interest payment on an issue of bonds, please, be informed of the following: - Issuer: CB TBI Bank EAD - BSE code: TBIC - ISIN: BG2100042238 - Date of interest payment: 15.12.2024 - Coupon rate: 9.5 % - All bondholders registered with the Central Depository as of 09.12.2024 (Record Date) will be entitled to receive the payment. - The final date for transacting in bonds of this issue on BSE-Sofia, as a result of which the buyer will have the right to the interest payment, will be 05.12.2024 (Ex Date: 06.12.2024).
Source: BSE (05.12.2024)

CB TBI Bank EAD (TBID) In view of a forthcoming interest payment on an issue of bonds, please, be informed of the following: - Issuer: CB TBI Bank EAD - BSE code: TBID - ISIN: BG2100021240 - Date of interest payment: 21.12.2024 - Coupon rate: 9 % - All bondholders registered with the Central Depository as of 16.12.2024 (Record Date) will be entitled to receive the payment. - The final date for transacting in bonds of this issue on BSE-Sofia, as a result of which the buyer will have the right to the interest payment, will be 12.12.2024 (Ex Date: 13.12.2024).
Source: BSE (12.12.2024)

CB TBI Bank EAD (TBIC) In view of a forthcoming interest payment on an issue of bonds, please, be informed of the following: - Issuer: CB TBI Bank EAD - BSE code: TBIC - ISIN: BG2100042238 - Date of interest payment: 15.03.2025 - Coupon rate: 9.5 % - All bondholders registered with the Central Depository as of 10.03.2025 (Record Date) will be entitled to receive the payment. - The final date for transacting in bonds of this issue on BSE-Sofia, as a result of which the buyer will have the right to the interest payment, will be 06.03.2025 (Ex Date: 07.03.2025).
Source: BSE (06.03.2025)

BSE Board of Directors adopted the following decision at a session held under Record of Proceedings No. 15 of 06 March 2025: Regarding an application submitted by CB TBI Bank EAD Investment Intermediary under Art. 36 (1) of Part II - Membership Rules of the BSE Rules and Regulations, the Board of Directors admits a new broker to trading on the Exchange as follows: - Georgi Kostadinov - Correspondence address: Sofia, 52-54 Dimitar Hadzhikotsev St. - Telephone number: +359 89 3074 174 - E-mail: gkostadinov@tbibank.bg
Source: BSE (07.03.2025)

tbi bank successfully issued a 3.5-year private bond issue worth EUR 34 million, which meets the MREL requirements. The issue was oversubscribed with applications for nearly EUR 40 million - well above the initial target (EUR 10-20 million). The bank fulfilled nearly a hundred orders from investors who offered an interest rate equal to or less than 7.6% (with a final application range of 7.5-7.7%). Bondholders will receive an annual interest rate of 7.6%, paid twice a year. The maturity of the securities is in September 2028. However, the bank has the option to redeem the bonds one year earlier. This is the largest bond issue issued by tbi bank, at the lowest interest rate for this type of instrument (MREL). The process was managed entirely by the bank's team. The legal advisor is the law firm "Tsvetkova, Bebov and Partners", a member of Eversheds Sutherland. Over the past four years, the bank has established itself as the leader in the Bulgarian public bond market by number of issues. The new bonds will be listed for trading on the Bulgarian Stock Exchange within the next six months.
Source: money.bg (11.03.2025)

CB TBI Bank EAD (TBIA) The Bank issued a bond, ISIN BG2100003255, on 07 March 2025 under terms of placement that did not require the publication of a prospectus.
Source: BSE (12.03.2025)

CB TBI Bank EAD (TBID) In view of a forthcoming interest payment on an issue of bonds, please, be informed of the following: - Issuer: CB TBI Bank EAD - BSE code: TBID - ISIN: BG2100021240 - Date of interest payment: 21.03.2025 - Coupon rate: 9 % - All bondholders registered with the Central Depository as of 14.03.2025 (Record Date) will be entitled to receive the payment. - The final date for transacting in bonds of this issue on BSE-Sofia, as a result of which the buyer will have the right to the interest payment, will be 12.03.2025 (Ex Date: 13.03.2025).
Source: BSE (12.03.2025)

The largest banks by assets in Bulgaria Data from the Bulgarian National Bank (BNB) showed that the leader in terms of assets remains United Bulgarian Bank (UBB) in 2024. It took this position in the second quarter of 2023, after the merger with KBS Bank – the successor to Raiffeisenbank Bulgaria – was finalized. UBB consolidated its leadership position, reporting a 10% annual growth in assets to BGN 37.5 billion. The second position this year is again for DSK Bank, whose assets increased by over 11% to BGN 36.5 billion. Although it is still BGN 1 billion behind the leader, compared to the previous year, the bank, which is a subsidiary of the Hungarian OTP Bank, has managed to catch up nearly BGN 300 million of its lag. In third position this year is UniCredit Bulbank, which was the largest bank in Bulgaria for decades, but lost first place in 2022. By the end of 2024, its assets were estimated at 34.9 billion BGN and grew by 8.6% per year. Thus, the assets of the three largest banks in Bulgaria are already approaching 109 billion BGN – over 56% of the total assets of the system (191.6 billion BGN) and over 50% of the value of the entire Bulgarian economy in 2024 (202 billion BGN according to preliminary data). The fourth in terms of asset value is Postbank. It is it that also reports the largest increase – over 16% to 22.6 billion BGN. In fifth place is the largest bank with predominantly Bulgarian ownership – First Investment Bank (FIB) – with assets worth 15.8 billion BGN. Thus, the banks in the Top 5 manage assets that are estimated at nearly 77% of the entire banking system and 73% of the country's economy. Central Cooperative Bank (CCB) occupies the sixth position with assets of 9 billion leva. Seventh place goes to ProCredit Bank, which reports some of the largest growth for the year in the business segment. Allianz Bank occupies the eighth position, and the only shift in the top 10 is at tbi bank, which managed to attract attention with its significantly higher interest rates on deposits - a policy that helped it attract resources with which to accelerate lending. With this approach, at the end of 2023, the bank entered the top 10 by assets in Bulgaria, and at the end of 2024 it is already ninth with assets of 3.5 billion leva. The last bank in the top 10 is another one with Bulgarian ownership and a focus on corporate lending - Investbank - with assets of 3.5 billion leva.
Source: economic.bg (15.04.2025)

Advent International wants to acquire TBI Bank Private equity investor Advent has entered into a definitive agreement with digital consumer credit group 4finance Holding to acquire TBI Bank (tbi). The transaction value exceeds the value of the bank’s assets as of the end of 2024, with over 75% of the consideration to be paid immediately and the balance to be paid within the next 18 months. Founded in 2002, TBI Bank operates in Bulgaria, Romania and Greece and is present at more than 32,000 merchant payment partner points, serving over 2.4 million customers. In 2024, the bank reported record net income of EUR 50 million, an increase of 18% compared to the previous year. The buyer Advent has significant banking and fintech investments around the world, such as Nubank (Brazil), KreditBee (India) and Aareal Bank (Germany). In February 2024 Advent International has also acquired Bulgarian-based fintech company MyPOS. It serves over 190,000 small businesses in more than 30 European countries. With Advent’s support, MyPOS plans to expand its presence in the European market and continue its development as a leader in the micro, small and medium-sized enterprise segment of the payments industry. The transaction is subject to regulatory approval and is expected to close in the fourth quarter of 2025.
Source: money.bg (22.04.2025)

CB TBI Bank EAD (TBIA) 4finance Holding S.A. signed the finalised sale agreement of TBI Bank to Advent International through its subsidiary TBI Financial Services B.V.
Source: BSE (23.04.2025)

CB TBI Bank EAD (TBIB) In view of a forthcoming interest payment on an issue of bonds, please, be informed of the following: - Issuer: CB TBI Bank EAD - BSE code: TBIB - ISIN: BG2100005235 - Date of interest payment: 09.06.2025 - Coupon rate: 9 % - All bondholders registered with the Central Depository as of 02.06.2025 (Record Date) will be entitled to receive the payment. - The final date for transacting in bonds of this issue on BSE-Sofia, as a result of which the buyer will have the right to the interest payment, will be 29.05.2025 (Ex Date: 30.05.2025).
Source: BSE (29.05.2025)

As of March 31, 2025, 23 banks operate in the banking sector of Bulgaria, 6 of which are branches of foreign credit institutions. On April 22, 2025, an agreement was concluded between 4finance Holding S.A. and the private equity fund Advent International for the acquisition of 100% of the capital of TBI Bank EAD. The deal is expected to be completed at the end of 2025 after approval by the ECB, BNB and CPC. Total assets of the banking sector as of March 31, 2025 amounted to BGN 197.6 billion, recording a growth of 3.11% compared to December 31, 2024. The share of the five largest banks based on total assets amounted to 76.65 percent. United Bulgarian Bank AD remains in the leading position with assets of BGN 38.4 billion. or 19.44% market share, marking a growth of 2.52% in assets compared to December 31, 2024. DSK Bank AD occupies second position with 18.90% market share and growth in assets of 2.39% compared to the end of last year. In third position is UniCredit Bulbank AD with a market share of 18.32% and growth in assets of 3.69% compared to December 31. In fourth and fifth place, unchanged compared to the end of 2024, are Eurobank Bulgaria AD and First Investment Bank AD, respectively. The banks' net assets as of March 31, 2025 amounted to BGN 23.5 billion and marked a growth of 1.34% compared to December 31, 2024. The net profit of the banking system marked a growth of 8.74%, reaching BGN 889 million. for the first quarter of 2025, compared to BGN 818 million for the same period in 2024. Net interest income (calculated on the basis of Interest Income - Interest Expenses) for the sector as of March 31 this year amounted to BGN 1.38 billion, marking a growth of 1.46% compared to BGN 1.36 billion as of March 31, 2024. Net income from fees and commissions (calculated on the basis of Fees and Commission Income - Fees and Commissions Expenses) for the sector as of March 31, 2025 amounted to BGN 420 million, marking a growth of 12.45% compared to BGN 373 million as of March 31, 2024.
Source: Banker (03.06.2025)

CB TBI Bank EAD (TBIC) In view of a forthcoming interest payment on an issue of bonds, please, be informed of the following: - Issuer: CB TBI Bank EAD - BSE code: TBIC - ISIN: BG2100042238 - Date of interest payment: 15.06.2025 - Coupon rate: 9.5 % - All bondholders registered with the Central Depository as of 09.06.2025 (Record Date) will be entitled to receive the payment. - The final date for transacting in bonds of this issue on BSE-Sofia, as a result of which the buyer will have the right to the interest payment, will be 05.06.2025 (Ex Date: 06.06.2025).
Source: BSE (05.06.2025)

CB TBI Bank EAD (TBID) In view of a forthcoming interest payment on an issue of bonds, please, be informed of the following: - Issuer: CB TBI Bank EAD - BSE code: TBID - ISIN: BG2100021240 - Date of interest payment: 21.06.2025 - Coupon rate: 9 % - All bondholders registered with the Central Depository as of 16.06.2025 (Record Date) will be entitled to receive the payment. - The final date for transacting in bonds of this issue on BSE-Sofia, as a result of which the buyer will have the right to the interest payment, will be 12.06.2025 (Ex Date: 13.06.2025).
Source: BSE (12.06.2025)

TB TBI Bank EAD (TBIB) The Board of Directors of TBI Bank EAD has decided to convene a General Meeting of bondholders of the bond issue with ISIN code BG2100005235, issued by TBI Bank EAD (TBIB), which will be held on 04.07.2025 at 11.00 a.m. in Sofia, 52-54 Dimitar Hadzhikotsev Str., with the following agenda: - Change in the terms of the bond loan. Draft resolution: Changes the maturity date of the bond issue with ISIN code BG2100005235 by extending the current term by 1 year. The new maturity date will be 09.06.2027. The redemption option exercised by the Issuer will also be changed, as the term is extended by 1 year.
Source: BSE (19.06.2025)

tbi bank has made coupon payments to investors in MREL bonds maturing in June, September and December 2026. The total amount paid this month to investors in the bank's three bond issues is nearly EUR 1.6 million. Over the past four years, tbi bank has been providing investors with attractive and flexible options in terms of maturity and yield (annual interest from 5.25% to 9.5%), raising a total of EUR 84 million through various instruments. Recently, the global American investor Advent International signed an agreement to acquire tbi bank from 4finance Holding S.A. Following the announcement of the news, Moody's changed the outlook on the bank's rating from "stable" to "positive".
Source: money.bg (24.06.2025)

Founded in Bulgaria more than a decade ago, the fintech company myPOS has grown into a network of companies in different countries headquartered in London, its customers exceeded 250 thousand, and revenues - 80 million euros. At the beginning of 2024, myPOS became the property of the American private equity fund Advent International. Consolidated data of the parent company for 2023 report revenues of 83.6 million euros, growing from 60.1 million euros a year earlier, and profit slightly decreased from 5.4 to 3.9 million euros. The total volume of transactions in 2024 increased by 30% to nearly 14 billion euros. Of these, online transactions are 273 million euros, with their number increasing by 40%. At the same time, the company's customers increased by 42%, exceeding 250 thousand merchants across Europe. Since the beginning of this year, the UK-based fintech company has made a total of four acquisitions. The first was in January, when myPOS acquired the French company Toporder, a company for cash register software and digital sales management solutions. The aim of the deal is for the Varna-based company to strengthen its position in retail and HoReCa (the hospitality, restaurant and catering industry) in France. After the acquisition by the fintech company, they have merged their own product with that of the French company, and are now offering it to businesses in the country. In March, the acquisition of the UK-based payment solutions provider UTP Group Ltd was announced. The company is a distributor and, according to him, works with over 200 merchants across the market and will sell the fintech company's products. Also in March, another distributor was acquired, but this time based in Hungary. With the purchase of IQOM, the fintech company will have a regional center for Central and Eastern Europe (CEE) in Budapest, from where it will serve 12 markets in the Baltics and the Mediterranean. myPOS has also acquired the Munich-based fintech company Lavego AG, specializing in Girocard acceptance and secure payment solutions. The fintech company, which offers payment software and POS terminals for small and medium-sized businesses, was founded in 2012 in Varna and its founders are Hristo Georgiev and Yavor Petrov. In 2017, its headquarters moved to the UK, when the company myPOS World Ltd was established. It has subsidiaries in many countries, but a large part of its real activity, as well as most of its employees, are concentrated in Bulgaria. Here the company operates through the company "MyPOS Services", and until the beginning of 2025 through "MyPOS Technologies". The revenue of the former for 2023 grew minimally to 24.8 million leva from 23.3 million a year earlier. The second, which carried out research and development activities and developed the company's technological solutions, reported 94.3 million leva and a profit of 15.2 million. Payment services in the country are provided by "Icart", the other key company founded by Hristo Georgiev. At the beginning of the year, its customers in Bulgaria were nearly 15 thousand, and in 2024 they recorded a growth of about 42 percent. The total volume of transactions increased by 63% and reached over 1.1 billion euros. 80% of myPOS's approximately 800 employees are in the country, mainly in Varna, with a hundred in its office in Sofia. Currently, myPOS's main markets are France, Italy, Bulgaria and the UK. With the acquisitions this year, the company will strengthen its presence in the UK and CEE, as well as enter Germany. In addition to its POS terminals for merchants in the UK and France, it also offers business loans, and is currently preparing to launch them in the Netherlands. A little over a year after Advent International became the owner of myPOS, in April 2025 it became clear that the American fund had signed an agreement to buy TBI Bank, with the deal likely to be completed by the end of the year. The price of the small but aggressively growing Bulgarian bank will be above its book value, i.e. at least 300 million euros.
Source: Capital (01.07.2025)

The General Meeting of Bondholders, held on July 4, extended the maturity date of the bond issue with ISIN code BG2100005235, issued by CB "TBI Bank" EAD, by one additional year. The General Meeting of Bondholders has accepted the changes proposed by the issuer in the terms of the bond loan. The new maturity date will be June 9, 2027. At the same time, the redemption option exercised by the issuer is also amended, as this period is extended by one year, so as to coincide with the third anniversary of the issuance of the bond issue by "TBI Bank".
Source: Banker (07.07.2025)

CB TBI Bank EAD (TBIB) The General Meeting of Bondholders of CB TBI Bank EAD dated 04 July 2025 has passed the following resolutions: - Extension of the term of the bond, ISIN BG2100005235, by one (1) year until the new maturity date of 09 June 2027, as the call option will also be extended by a year
Source: BSE (07.07.2025)

At a meeting of the Board of Directors of BSE AD under Minutes No. 53/10.07.2025, the following decision was made: In connection with an application submitted under Art. 22, para. 3 of Part III Rules for Admission to Trading, the Board of Directors of BSE AD, on the basis of Art. 35, para. 8 of the same, changes the parameters of a bond issue admitted to trading in the Bond Segment of BSE AD, as follows: - Issuer: TBI Bank EAD; - Stock exchange code of the issue: TBIB; - ISIN code of the issue: BG2100005235; - Maturity date: 09.06.2027; - End date for trading: 31.05.2027 - Date of reflection of the changes in the parameters: 14.07.2025 (Monday).
Source: BSE (11.07.2025)

CB TBI Bank EAD (TBIA) In view of a forthcoming interest payment on an issue of bonds, please, be informed of the following: - Issuer: CB TBI Bank EAD - BSE code: TBIA - ISIN: BG2100007215 - Date of interest payment: 30.07.2025 - Coupon rate: 5.25 % - All bondholders registered with the Central Depository as of 23.07.2025 (Record Date) will be entitled to receive the payment. - The final date for transacting in bonds of this issue on BSE-Sofia, as a result of which the buyer will have the right to the interest payment, will be 21.07.2025 (Ex Date: 22.07.2025).
Source: BSE (21.07.2025)

The Financial Supervision Commission (FSC) has approved for registration and trading on the Bulgarian Stock Exchange (BSE) the latest bond issue of TBI Bank AD – the largest issued by the bank so far. The management of the exchange is yet to admit the issue to trading and set a starting date. With a decision of July 30, the regulator approved a prospectus for admission to trading on a regulated bond market. The issue amounts to EUR 34 million, distributed in 340 interest-bearing, registered, dematerialized, non-convertible, senior, non-preferred, unsecured, freely transferable bonds, structured to meet the requirements for instruments of acceptable liabilities. The nominal value of one bond is EUR 100 thousand. The annual interest on the securities is 7.6%, payable every 6 months. The principal is payable in a single payment on the maturity date – September 7, 2028, with the term of the bond loan being 42 months. The issuer has the right to exercise a call option one year before the maturity of the bonds and the right to a tax call option and a call option upon disqualification of the bonds as an instrument of eligible liabilities. TBI Bank announced the placement of the bonds in March this year. The issue was oversubscribed with applications for nearly EUR 40 million – well above the initial target of EUR 10-20 million. At the end of June, the bank announced that coupon payments were made to investors in its MREL bonds maturing in June, September and December 2026 for a total of EUR 1.6 million. The financial institution has raised EUR 84 million over the past four years from the sale of various instruments, providing yields of 5.25% to 9.5%. Currently, four other bond issues of the bank are traded on the Bulgarian Stock Exchange.
Source: investor.bg (01.08.2025)

BSE received an application for admission to trading of an issue of bonds on the Bonds Segment as follows: - Issuer: CB TBI Bank EAD - ISIN of the issue: BG2100003255 - Amount of the issue: EUR 34,000,000 - Par value per bond: EUR 100,000 - BSE code assigned to the issue of bonds: TBIE
Source: BSE (05.08.2025)

The Financial Supervision Commission approved a prospectus of tbi bank (TB "TBI Bank" EAD) for admission to trading on a regulated debt securities market at the end of July. The issue is in the amount of EUR 34,000,000, distributed in 340 interest-bearing, registered, dematerialized, non-convertible, senior, non-preferred, unsecured, freely transferable bonds. The bonds have a nominal value of EUR 100,000 each. The issue has a fixed annual interest rate of 7.60%, payable every six months and principal, payable in a single payment on the maturity date. The term of the bond loan is 42 months, with an issuance date of March 7, 2025 and a maturity date of September 7, 2028. The issuer has the right to exercise a call option one year before the maturity of the bonds and the right to a tax call option and a call option upon disqualification of the bonds as an instrument of eligible liabilities. The bank has already issued two bond issues – in December 2023 (9.5% annual interest) and in June 2024 (9%). TBI's bonds are listed for trading on the Bulgarian Stock Exchange.
Source: Banker (07.08.2025)

BSE Board of Directors adopted the following decision at a session held under Record of Proceedings No. 61 of 07 August 2025: With reference to an application submitted under Art. 22 (1) of Part III - Listing Rules and on the grounds of Art. 35 (8) thereof, the BSE Board of Directors admits to trading on the Bonds Segment of the BSE Main Market the following issue of bonds: - Issuer: CB TBI Bank EAD - Type of bonds: Ordinary, dematerialised, registered, interest-bearing, freely transferable, non-preferential, unsecured and inconvertible senior bonds, structured to meet the requirements for eligible liabilities as defined in Chapter XIII, Section II of the Recovery and Resolution of Credit Institutions and Investment Firms Act - ISIN of the issue: BG2100003255 - BSE code assigned to the issue: TBIE - CFI code of the bond issue: DBFUFR - Amount of the issue: EUR 34,000,000 - Number of bonds: 340 - Nominal value per bond: EUR 100,000 - Issuance currency: EUR - Currency of trading: EUR - One trading lot: One (1) bond - Minimum tick size: 0.001 - Segment MIC: ZBUL - First trading day: 12 August 2025 (Tuesday) - Last trading day: 28 August 2028 - The indicative reference price for the first trading session is 100% of the nominal value. - The price of the orders entered is a percentage of the nominal value of one trading lot /clean price/. - The price of the bid and ask orders shall not include the interest accrued as of the date of the last interest payment until the moment of order entry. INFORMATION ON THE ISSUE: - The issue is the fifth one of the issuer. - Issuance date: 07 March 2025 - Maturity date: 07 September 2028 - Term: 42 months as of the date of issuance - Annual interest rate: 7.60% p.a. - Day-count convention: 30/360 - Debt repayment: Once, on the maturity date - Interest payment period: Every six (6) months on the following fixed dates: 07 September 2025; 07 March 2026; 07 September 2026; 07 March 2027; 07 September 2027; 07 March 2028; 07 September 2028. * The right to interest payment shall be entitled to all bondholders registered as such not later than five (5) business days before the payment date, respectively, five (5) business days before the date of the final interest payment that coincides with the issue's maturity date. - Bondholders representative: Capman Consult EOOD, UIC 201618311 - Call option: The issuer is entitled to repay early the principal and interest accrued according to the call option terms and conditions defined in the Prospectus of the bond issue. INFORMATION ON THE ISSUER: - Name in the Latin alphabet: CB TBI Bank EAD - Registered address: Sofia, 52-54 Dimitar Hadzhikotsev St. - LEI code: 529900KIX7269PVMPY26 - BULSTAT UIC: 131134023 - Correspondence address: Sofia, 52-54 Dimitar Hadzhikotsev St. - Tel.: +359 2 816 39 74 - E-mail: ngrancharov@tbibank.bg - Website: www.tbibank.bg - Authorised representatives: Each two of the executives - Alexander Dimitrov, Valentin Galabov, Nikolay Spasov and Lukas Tursa - Contact person: Nikolay Grancharov - Media of information disclosure to the public: http://www.x3news.com/ - Scope of business activity according to the Classification of Economic Activities (NACE.BG-2008): 64.19 - Other monetary intermediation
Source: BSE (08.08.2025)

The European Commission has cleared the US investment fund Advent International to acquire Bulgaria's TBI Bank on its own after finding that the merger would not threaten competition in the common market, as it would only affect the banking sector in Bulgaria, Greece and Romania. The Commission concluded that the deal concerns companies with limited market positions and would not raise competition concerns. TBI Bank, the ninth largest bank in Bulgaria, is owned by Dutch-registered TBI Financial Services, and the acquisition was announced in April, without disclosing the price of the deal. Advent also owns Bulgarian fintech MyPos.
Source: Dnevnik (13.08.2025)

CB TBI Bank EAD (TBIC) The issuer notifies the holders of bonds having ISIN BG2100042238, issued by TBI Bank EAD (TBIC), of the imminent exercise of the Issuer's Call Option under the bond issue terms, on the exercise date coinciding with the date of the interest payment on the bond, namely 15 September 2025.
Source: BSE (18.08.2025)

The American investment fund Advent International, which last year acquired the fintech company with Bulgarian roots myPOS, has announced a new large-scale deal worth $1.3 billion to buy Swiss microchip manufacturer U-Blox. Advent International will buy its shares at a price of 135 Swiss francs per share. This represents a significant premium of 53% compared to the average share price for the last six months before the first media reports about the possible deal appeared. The deal will be implemented through a subsidiary of Advent - ZI Zenith. It is expected to be completed within the next six months. U-Blox will be delisted. U-Blox, which has been a public company since 2007 and is listed on the Swiss stock exchange SIX, is a specialized manufacturer of microchips and car navigation software. The company managed to reduce its loss before interest and taxes for the first half of the year to 7.7 million francs, compared to a 28 million loss a year earlier. Earlier this year, the company sold its cellular module manufacturing division for wireless communication to focus on navigation and positioning technologies used in cars, robots and agricultural machinery. In early June, U-Blox finalized the sale of its mobile communications business to Irish IoT company Trasna. Advent International acquired myPOS for about half a million euros in a deal that was finalized in June last year. A few days ago, the European Commission approved another acquisition of itss that is related to the Bulgarian market - that of tbi bank. The deal is expected to be finalized by the end of the year. However, the fund also has another earlier connection with our country - its associated Viva Ventures acquired BTC in 2004, only to then sell the state-owned telecom to AIG in 2007.
Source: money.bg (19.08.2025)

On the grounds of Art. 41 (3), item 9 of Part III - Listing Rules of the BSE Rules and Regulations, the listing of an issue of bonds on the Bonds Segment of BSE Main Market will be terminated as of 04 September 2025, namely: - Issuer: CB TBI Bank EAD - BSE code of the bond issue: TBIC - ISIN of the bond issue: BG2100042238 - Reason for termination: Early repayment via exercise of a call option of the issuer on 15 September 2025 - Final date for transacting bonds of this issue on the Exchange for the holder to be entitled to interest payment and to the call option exercise price: 03 September 2025
Source: BSE (20.08.2025)

Trading Suspensions & Removals: Date and time of the publication / communication 2025-08-19T08:30:27.Z Action type Removal Reasons for the action Early repayment (call-option exercise) on 15.09.2025 Effective from 2025-09-04T06:30:00.Z Effective to Ongoing True Trading venue(s) XBUL Issuer name CB TBI Bank EAD Issuer 529900KIX7269PVMPY26 Instrument identifier BG2100042238 Instrument full name CB TBI Bank bond Related derivatives Other related instruments Comments
Source: BSE (20.08.2025)

CB TBI Bank EAD (TBIE) In view of a forthcoming interest payment on an issue of bonds, please, be informed of the following: - Issuer: CB TBI Bank EAD - BSE code: TBIE - ISIN: BG2100003255 - Date of interest payment: 07.09.2025 - Coupon rate: 7.6 % - All bondholders registered with the Central Depository as of 01.09.2025 (Record Date) will be entitled to receive the payment. - The final date for transacting in bonds of this issue on BSE-Sofia, as a result of which the buyer will have the right to the interest payment, will be 28.08.2025 (Ex Date: 29.08.2025).
Source: BSE (28.08.2025)

TB TBI Bank EAD (TBIC) In connection with the occurrence of an interest payment on an issue of bonds issued by TB TBI Bank EAD, (TBIC), issue with ISIN code – BG2100042238, we inform you of the following: - Interest payment date: 15.09.2025; - Coupon: 9.5%; - The right to interest payment is reserved for bondholders who are registered as such in the book kept by the Central Depository AD as of 05.09.2025; - The last date for concluding transactions with bonds from this issue on the Exchange, as a result of which the acquirer has the right to interest payment is 03.09.2025;
Source: BSE (03.09.2025)

CB TBI Bank EAD (TBID) In view of a forthcoming interest payment on an issue of bonds, please, be informed of the following: - Issuer: CB TBI Bank EAD - BSE code: TBID - ISIN: BG2100021240 - Date of interest payment: 21.09.2025 - Coupon rate: 9 % - All bondholders registered with the Central Depository as of 15.09.2025 (Record Date) will be entitled to receive the payment. - The final date for transacting in bonds of this issue on BSE-Sofia, as a result of which the buyer will have the right to the interest payment, will be 11.09.2025 (Ex Date: 12.09.2025).
Source: BSE (11.09.2025)

tbi bank announced its plans to be present on the Bulgarian bond market by the end of the year. The bank plans to issue bonds in the second half of October, with similar parameters to the last bonds issued by tbi bank in March this year. In the meantime, the bank decided to exercise its right to early redemption of the bonds issued in December 2023 with maturity in September 2026 (issue in the amount of 10 million euros, with an annual interest rate of 9.5%). Over the past four years, tbi bank has attracted a total of 84 million euros through various instruments.
Source: 24 chasa (15.09.2025)

Five banks report profits of over BGN 100 million The banking system in Bulgaria ended the first nine months of 2025 with a profit of BGN 2.827 billion - BGN 107 million, or 3.9 percent more than in the January-September period of the previous year. Since the beginning of the year, five of the banks have achieved a positive financial result of over BGN 100 million, and 17 of them have reported a profit of over BGN 10 million. UniCredit Bulbank and DSK Bank are once again the most profitable banks in the country, having announced profits of BGN 759 and 740 million, respectively. Compared to a year earlier, the increase in profit at UniCredit is BGN 119 million, and at DSK Bank – BGN 10.6 million. Two other banks also announced profits of over BGN 300 million. These are United Bulgarian Bank and Post Bank, which achieved BGN 379 and 327 million, respectively. First Investment Bank is also in the top 5 of the most profitable institutions in the country. Its profit compared to the first nine months of 2024 increased by 54 million leva, or 69%, reaching 133 million leva. TBI Bank is the next candidate for the "100 million leva" club, which it may achieve at the end of the year. As of the first nine months, its profit reached 78.8 million leva, thus leaving behind Central Cooperative Bank (69 million leva). Also in the top 10 are: ProCredit Bank – 56.36 million BGN, Allianz Bank – 44.8 million BGN and International Asset Bank – 37 million BGN. Outside the top 10 are BACB and the state-owned Bulgarian Development Bank (over 34 million BGN each), as well as Citibank with 33 million BGN. Commercial Bank D and Municipal Bank (over 25 million BGN), as well as Investbank (12 million BGN), and Te Cze Ziraat Bankas (11.6 million BGN) can also boast profits of over 10 million BGN.
Source: Darik Radio (04.11.2025)

tbi bank successfully issued the largest MREL bond issue on the Bulgarian market worth EUR 60 million (3-year maturity, with an option to pay after the second year). The bank fulfilled orders that offered an interest rate equal to or less than 7.0% (order submission range 6.5-7.5%). All investors will receive an annual interest rate of 7.0%, paid once a year. Earlier this year, the bank successfully issued 3.5-year MREL-compliant bonds worth EUR 34 million. In 2025 alone, tbi bank raised nearly EUR 100 million from the local public market. The new bonds will be listed for trading on the Bulgarian Stock Exchange in the coming weeks.
Source: 24 chasa (11.11.2025)

CB TBI Bank EAD (TBID) CB TBI Bank informs the holders of bonds, ISIN BG2100021240, in its capacity as a bond issuer, that the Bank is going to exercise the call option under the bond issue terms on 22 December 2025 as the date of exercise, which is the first business day following the interest payment date, 21 December 2025.
Source: BSE (17.11.2025)

Trading Suspensions & Removals: Date and time of the publication / communication 2025-11-17T12:25:30.Z Action type Removal Reasons for the action Early repayment (call-option exercise) on 22.12.2025 Effective from 2025-12-12T07:30:00.Z Effective to Ongoing True Trading venue(s) XBUL Issuer name CB TBI Bank EAD Issuer 529900KIX7269PVMPY26 Instrument identifier BG2100021240 Instrument full name CB TBI Bank bond Related derivatives Other related instruments Comments
Source: BSE (18.11.2025)

Pursuant to Art. 41, para. 3, item 9 of Part III "Rules for Admission to Trading" of the Rules of Procedure of BSE AD, as of 12.12.2025, the registration of the following bond issue on the Bond Segment of the BSE Main Market is terminated: - Issuer: TB TBI Bank EAD; - Stock exchange code of the issue: TBID; - ISIN code of the issue: BG2100021240; - Ground for termination: full early repayment of the bond loan by exercising a call option of the Issuer on 22.12.2025; - The last date for concluding transactions with bonds from this issue on the Exchange, as a result of which the acquirer has the right to interest payment and the exercise price of the call option, is 11.12.2025.
Source: BSE (18.11.2025)

BSE received an application for admission to trading of an issue of bonds on the Bonds Segment as follows: - Issuer: CB TBI Bank EAD - ISIN of the issue: BG2100031256 - Amount of the issue: EUR 60,000,000 - Par value per bond: EUR 100,000 - BSE code assigned to the issue of bonds: TBIF
Source: BSE (19.11.2025)

Tbi bank will exercise its right to early redemption of a bond issue of EUR 20 million, issued in June 2024, maturing in December 2026 (9.0% annual interest). The bank has received all necessary regulatory approvals. The transaction will take place on December 22 of this year. This is the second bond issue that tbi bank has paid off this year, after the EUR 10 million issue issued in December 2023 (9.5% annual interest). The bank has been very active on the Bulgarian capital market since the beginning of the year, as a result of which it has attracted nearly EUR 100 million in investments in MREL bonds. Earlier this month, tbi bank successfully issued the largest MREL bond issue on the Bulgarian market worth EUR 60 million (3-year maturity, with a call option after the second year), which will soon be offered on the Bulgarian Stock Exchange.
Source: Darik Radio (21.11.2025)

BSE Board of Directors adopted the following decision at a session held under Record of Proceedings No. 90 of 24 November 2025: With reference to an application submitted under Art. 22 (1) of Part III - Listing Rules and on the grounds of Art. 35 (8) thereof, the BSE Board of Directors admits to trading on the Bonds Segment of the BSE Main Market the following issue of bonds: - Issuer: CB TBI Bank EAD - Type of bonds: Ordinary, dematerialised, registered, interest-bearing, freely transferable, non-preferential, unsecured and inconvertible senior bonds, structured to meet the requirements for eligible liabilities as defined in Chapter XIII, Section II of the Recovery and Resolution of Credit Institutions and Investment Firms Act - ISIN of the issue: BG2100031256 - BSE code assigned to the issue: TBIF - CFI code of the bond issue: DBFUFR - Amount of the issue: EUR 60,000,000 - Number of bonds: 600 - Nominal value per bond: EUR 100,000 - Issuance currency: EUR - Currency of trading: EUR - One trading lot: One (1) bond - Minimum tick size: 0.001 - Segment MIC: ZBUL - First trading day: 27 November 2025 (Thursday) - Last trading day: 27 October 2028 - The indicative reference price for the first trading session is 100% of the nominal value. - The price of the orders entered is a percentage of the nominal value of one trading lot /clean price/. - The price of the bid and ask orders shall not include the interest accrued as of the date of the last interest payment until the moment of order entry. INFORMATION ON THE ISSUE: - The issue is the sixth one of the issuer. - Issuance date: 07 November 2025 - Maturity date: 07 November 2028 - Term: 36 months as of the date of issuance - Annual interest rate: 7.00% p.a. - Day-count convention: 30/360 - Debt repayment: Once, on the maturity date - Interest payment period: Every twelve (12) months on the following fixed dates: 07 November 2026 07 November 2027 07 November 2028 * The right to interest payment shall be entitled to all bondholders registered as such not later than five (5) business days before the payment date, respectively, five (5) business days before the date of the final interest payment that coincides with the issue's maturity date. - Bondholders representative: n/a - Call option: The issuer is entitled to repay early the principal and interest accrued according to the call option terms and conditions defined in the Prospectus of the bond issue, namely "call option in case of disqualification of the bonds as acceptable liabilities" and "tax call option". INFORMATION ON THE ISSUER: - Name in the Latin alphabet: CB TBI Bank EAD - Registered address: Sofia, 52-54 Dimitar Hadzhikotsev St. - LEI code: 529900KIX7269PVMPY26 - BULSTAT UIC: 131134023 - Correspondence address: Sofia, 52-54 Dimitar Hadzhikotsev St. - Tel.: +359 2 816 39 74 - E-mail: treasury@tbibank.bg - Website: www.tbibank.bg - Authorised representatives: Each two of the executives - Alexander Dimitrov, Valentin Galabov, Nikolay Spasov and Lukas Tursa - Contact person: Nikolay Grancharov - Media of information disclosure to the public: http://www.x3news.com/ - Scope of business activity according to the Classification of Economic Activities (NACE.BG-2025): 64.19 - Other monetary intermediation
Source: BSE (25.11.2025)

The largest MREL bond issue in Bulgaria (EUR 60 million), issued by tbi bank, started trading today on the Bulgarian Stock Exchange (BSE). The issue consists of 3-year bonds (with a call option after two years), with an annual interest rate of 7.0%. The stock exchange code under which the issue will be traded is TBIF. This is the sixth bond issue of tbi bank to be traded on the BSE. Over the past four years, tbi bank has raised nearly EUR 150 million from the local public market, providing investors with attractive and flexible instruments in terms of maturity and yield.
Source: econ.bg (28.11.2025)

Trading in the largest MREL bond issue in Bulgaria (EUR 60 million), issued by TBI Bank, began today on the Bulgarian Stock Exchange (BSE). Traditionally, the bell-ringing ceremony marking the first day of trading was conducted by the Executive Directors of the Exchange and TBI Bank, Assoc. Prof. Dr Manyu Moravenov and Lukas Tursa. The issue consists of 3-year bonds (with a call option one year earlier), having an annual interest rate of 7%. The exchange ticker under which the issue will be traded is TBIF. “The listing of the largest MREL issue in our country is a strong sign of the maturity and development of the debt segment of our capital market. On an annual basis, we are seeing a noticeable increase in the BSE bond market - both in the number of issues and in the volume of funds raised. Over the past two years, bond issues on the Exchange have doubled. Investor interest in such instruments continues to grow, providing Bulgarian companies and banks with a real alternative for sustainable financing,” commented Assoc. Prof. Dr Manyu Moravenov, Executive Director of the Bulgarian Stock Exchange. “We are proud of the support we provide for the development of the local investor community and for building trust in the Bulgarian capital market, which we entered four years ago with our first public subordinated debt, and ever since, we have come to the market almost every year, achieving increasingly better results. This year alone, we placed nearly EUR 100 million. This is a great achievement for our team and a strong sign of investor confidence. We definitely won’t stop here,” added TBI Bank’s Executive Director, Lukas Tursa. Over the past four and a half years, the bank has established itself as a leader on the Bulgarian public bond market. In 2025, TBI Bank raised an additional EUR 34 million from the local public market, offering investors attractive and flexible instruments in terms of maturity and yield. MREL represents bank bonds that meet the regulatory requirement for Minimum Requirement for Own Funds and Eligible Liabilities.
Source: BSE (28.11.2025)

As of September 30, 2025, 23 banks operate in the banking sector of Bulgaria, 6 of which are branches of foreign credit institutions. The acquisition of 100% of the capital of TBI Bank EAD from 4finance Holding S.A. by the private equity fund Advent International is expected to be completed by the end of 2025. Total assets of the banking system as of September 30, 2025 amounted to BGN 210.1 billion, recording a growth of 4.05% compared to June 30, 2025. The share of the five largest banks based on total assets in the banking system amounted to 76.80% as of September 30, 2025. United Bulgarian Bank AD retains the leading position with assets of BGN 41.8 billion or 19.92% market share, marking a growth of 4.27% in assets compared to June 30, 2025. DSK Bank AD retains second position with 18.76% market share and growth in assets of 4.16% compared to the end of the first half of 2025. UniCredit Bulbank AD is in third position with a market share of 18.43% and growth in assets of 4.21% compared to June 30, 2025. The banks' net assets as of September 30, 2025 amounted to BGN 25.2 billion, marking a growth of 2.49% compared to June 30, 2025. In the leading position in this indicator is DSK Bank AD, as of September 30, 2025 its net assets recorded a growth of 4.63% compared to June 30, 2025. UniCredit Bulbank AD registered a growth of 4.18% in net assets as of September 30, 2025 and remains in second place in this indicator. United Bulgarian Bank AD is in third position in net assets as of September 30, 2025, reporting a decrease of 2.46% compared to June 30, 2025. The net profit of the banking system recorded a growth of 3.92%, reaching BGN 2.83 billion for the first nine months of 2025 compared to BGN 2.72 billion for the same period in 2024. UniCredit Bulbank AD occupies the leading position with a profit of BGN 760 million or a 26.87% share of the sector's profits for the first nine months of 2025, reporting a significant growth in its profit of 18.59% compared to the same period in 2024. DSK Bank AD is in second position in terms of profit share in the sector, namely 26.20%, reporting a growth of 1.46% and registering a profit of BGN 741 million for the first nine months of 2025 compared to BGN 730 million for the first nine months of 2024. United Bulgarian Bank AD registered a 5.27% increase in its profit compared to the same period in 2024, reaching BGN 379 million for the nine months of 2025 and remaining in third position with a 13.42% share in the sector's profits. Net income from fees and commissions (calculated on the basis of Fee and commission income - Fee and commission expenses) for the sector as of September 30, 2025 amounted to BGN 1.30 billion, recording a growth of 9.53% compared to BGN 1.19 billion as of September 30, 2024. DSK Bank AD retains first position with a growth of 11.57%, reporting net income from fees and commissions worth BGN 295 million for the nine months of 2025. UniCredit Bulbank AD occupies the second position with net income from fees and commissions of BGN 257 million, representing 19.69% of total income in the sector and an 11.28% growth compared to the same period last year. United Bulgarian Bank AD remains in third position in terms of net income from fees and commissions for the first nine months of 2025 with income of BGN 227 million, recording an increase of 6.89% compared to the same period last year.
Source: Banker (05.12.2025)

CB TBI Bank EAD (TBID) In view of a forthcoming interest payment on an issue of bonds, please, be informed of the following: - Issuer: CB TBI Bank EAD - BSE code: TBID - ISIN: BG2100021240 - Date of interest payment: 21.12.2025 - Coupon rate: 9 % - All bondholders registered with the Central Depository as of 15.12.2025 (Record Date) will be entitled to receive the payment. - The final date for transacting in bonds of this issue on BSE-Sofia, as a result of which the buyer will have the right to the interest payment, will be 11.12.2025 (Ex Date: 12.12.2025).
Source: BSE (11.12.2025)

tbi bank repaid a bond issue worth 20 million euros, issued in June 2024 (9.0% annual interest) a year earlier. In September this year, the bank decided to exercise its right to early redemption of another bond issue for 10 million euros (issued in December 2023, with 9.5% annual interest). As a result, investors received a total of 30 million euros, and separately in 2025, tbi bank paid 5.3 million euros in interest to bondholders in the bank's issues. This year, the bank issued two new bond issues, attracting nearly 100 million euros in investments.
Source: investor.bg (22.12.2025)

At its meeting on 8.1.2026, the FSC decided: 1. Approves Tsvetelina Dimitrova as a person who can independently conclude transactions on behalf of the management company "Karol Capital Management" EAD. 2. Issues a permit to the management company "Invest Fund Management" AD for organizing and managing a national open-ended mutual fund "Invest Focus". Enters "Invest Focus" as a national open-ended mutual fund in the register of national investment funds. 3. Deregisters a bond issue issued by "TBI Bank" EAD, Sofia, from the register of public companies and other issuers of securities. The issue is in the amount of EUR 20,000,000, distributed in 200, interest-bearing, registered, dematerialized, non-convertible, senior, non-preferred, unsecured, freely transferable bonds, structured to meet the requirements for instruments of eligible liabilities within the meaning of Chapter XIII, Section II of the Law on the Recovery and Restructuring of Credit Institutions and Investment Intermediaries, with a nominal and issue value of EUR 100,000 each, with ISIN code BG2100021240. 4. Deregisters a bond issue issued by Web Finance Holding AD, Sofia, and the company as an issuer, from the register of public companies and other issuers of securities. The issue is in the amount of EUR 10,000,000, distributed in 10,000 dematerialized, registered, interest-bearing, unsecured, convertible, freely transferable bonds, with a nominal value of EUR 1,000 each, with ISIN code BG2100023121.
Source: Company information (09.01.2026)

The turnover of the Bulgarian Stock Exchange for 2025 reached 611 million euros, the funds raised amounted to 710 million euros. The award for "Investment Intermediary with the Highest Turnover in 2025" was presented to IP "ABV Investments" OOD (242.5 million leva turnover for the year), with the runner-up to the winner being IP "Euro - Finance" AD (229.1 million leva turnover) and CB "Central Cooperative Bank" AD (228.8 million leva turnover). The award for "Investment Intermediary with the Highest Number of Transactions in 2025" was given to IP "Karol" AD (64,902 transactions for the period), and the awards for second and third place went to "Elana Trading" AD (31,425 transactions) and IP "BenchMark Finance" AD (17,516 transactions). The awards "Investment intermediary with the highest turnover and transactions on the beam market in 2025" and "Investment intermediary with the highest turnover and the largest number of transactions on the MTF BSE INTERNATIONAL market in 2025" were presented to II "Karol" AD, after the investment intermediary reported 10.8 million leva turnover and 7870 transactions on the beam market and 38.6 million leva turnover and 3540 transactions on the MTF BSE INTERNATIONAL market. For "Investment intermediary with the highest activity in working with issuers in 2025" II "South Market" EAD, II "Focal Point Investments" AD and II "Sofia International Securities" AD were awarded. The award for "Most Liquid Issuer on the Bulgarian Stock Exchange in 2025" went to "Shelly Group" AD (7081 transactions for the period), and the second and third place awards went to "Sopharma" AD (6570 transactions) and "Bulgarian Stock Exchange" AD (4139 transactions). The award for "Most Liquid Issuer in the Standard Segment on the Main Market in 2025" was presented to "Doverie Obedinen Holding" AD, and the runners-up in this category were "Eleven Capital" AD and "Smart Organic" AD. The award for "Issuer that Raised the Largest Capital on the Beam Market in 2025" went to "Webit Investment Network" AD with 12.1 million leva raised. For "Issuer of Bonds with the Highest Value Admitted to Trading on the Regulated Market of the Bulgarian Stock Exchange in 2025." TBI Bank AD was awarded with issues worth EUR 94 million. The award for "SOFIX Index Issuer with the Largest Price Growth in 2025" was awarded to Sirma Group Holding AD, which reported a growth of 90 percent for the period.
Source: BTA (16.01.2026)

On 13 February 2026, the European Central Bank (ECB) adopted a decision granting prior approval to Bago (Luxembourg) S.a. r.l. for the direct acquisition of a qualifying holding exceeding the threshold of 50 per cent of the shares in the capital and voting rights of TBI Bank EAD. Bago (Luxembourg) S.a. r.l. is a portfolio company of Advent International L.P., authorised by the US Securities and Exchange Commission as an investment adviser, and is one of the largest private equity firms in the world. Following Bulgaria’s accession to the Single Supervisory Mechanism, as of 1 October 2020, the ECB has exclusive competence to assess notifications of the acquisition of qualifying holdings in credit institutions in appropriate interaction with the BNB.
Source: Trud (16.02.2026)

HR Capital AD has sold 5006 of the 5007 bonds offered. The offering began on January 28, 2026 and ended on February 13, with the issue price of all 5006 bonds applied for subscription having been paid. As a result of the offering, an amount of EUR 5,006,000 was raised on the company's savings account at TBI Bank EAD. The amount of commissions and expenses on the offering amounted to EUR 125,940.47. The investment intermediary that handled the procedure is Karol AD. The company announced that it will issue bonds for up to 5,007,000 euros at the end of December 2025. The funds raised are intended to purchase shares from the capital of Convenience AD ??(ebag.bg) by MFG Invest AD according to a preliminary agreement concluded between the parties.
Source: investor.bg (16.02.2026)

TB TBI Bank EAD (TBIE) In connection with the occurrence of an interest payment on an issue of bonds issued by TB TBI Bank EAD, (TBIE), issue with ISIN code – BG2100003255, we inform you of the following: - Interest payment date: 07.03.2026; - Coupon: 7.6%; - The right to interest payment is reserved for bondholders who are registered as such in the book kept by the Central Depository AD as of 27.02.2026; - The last date for concluding transactions with bonds from this issue on the Exchange, as a result of which the acquirer has the right to interest payment is 25.02.2026;
Source: BSE (25.02.2026)

tbi bank has finalized the acquisition of global private equity investor Advent International, after the European Central Bank granted regulatory approval for the acquisition of a controlling stake of over 50% of the credit institution’s capital in February 2026. The deal was initially announced in April 2025 and received the green light from the European Commission under competition rules in August of the same year. Advent International manages assets worth over EUR 85 billion and is one of the largest global private equity players, with a significant presence in the financial services sector. tbi bank is positioned as a challenger bank in Southeastern Europe and is among the leaders in alternative payment methods. The institution operates in Bulgaria, Romania, Greece and Germany. The bank works with over 38,000 trading partners in the region, serves more than 2.7 million customers and in 2025 disbursed over 1 million financings.
Source: money.bg (02.03.2026)

TB TBI Bank EAD (TBIA) TBI Bank EAD hereby informs that as of 27.02.2026, a change in the shareholder ownership structure has been made, with all shares of the Bank's capital being transferred to a new owner in compliance with applicable legislation. The transaction is pending announcement and entry in the Commercial Register and the Register of Non-Profit Legal Entities, as well as the relevant notifications to the competent regulatory authorities. The Bank declares that it will continue to carry out its activities in compliance with all applicable regulatory requirements.
Source: BSE (02.03.2026)

As of December 31, 2025, 23 banks operate in the banking sector of Bulgaria, 6 of which are branches of foreign credit institutions. In January 2026, Bulgarian-American Credit Bank AD (BACB) finalized the acquisition of Tokuda Bank AD. On February 13 of this year, the European Central Bank issued approval for the acquisition by the private equity fund Advent International (through its subsidiary Bago (Luxembourg) S.a.r.l.) of a majority stake in TBI Bank EAD from 4finance Holding S.A. The deal was finalized on March 2, 2026. Total assets of the banking system as of December 31, 2025 amounted to EUR 116.1 billion, recording an increase of 8.07% compared to September 30, 2025. The share of the five largest banks based on total assets in the banking system amounted to 76.30% as of December 31, 2025, with no change in their positions compared to September 30 of the same year. United Bulgarian Bank AD retains the leading position with assets of EUR 22.8 billion or 19.60% market share, marking a growth of 6.34% in assets compared to September 30, 2025. DSK Bank AD retains second position with 18.93% market share and growth in assets of 9.07% compared to the end of the first nine months of 2025. UniCredit Bulbank AD remains in third position with a market share of 18.07% and growth in assets of 5.96% compared to September 30, 2025. The fourth and fifth positions are occupied, respectively, by Eurobank Bulgaria AD and First Investment Bank AD. The net profit of the banking system recorded a decrease of 1.81%, reaching EUR 1.9 billion for 2025. DSK Bank AD again occupies the top position with a profit of EUR 513 million or a 27.65% share of the sector's profits for last year, reporting a profit growth of 2.76% compared to the same period in 2024. UniCredit Bulbank AD is in second position in terms of profit share in the sector, namely 24.89%, reporting a decrease of 4.65% and registering a profit of EUR 462 million for 2025 compared to EUR 484 million for 2024. United Bulgarian Bank AD recorded a 1.15% decrease in its profit compared to the same period in 2024, reaching EUR 251 million for 2025 and remaining in third position with a 13.52% share in the sector's profits. Eurobank Bulgaria AD retained the fourth position with a profit of EUR 227 million and a market share of 12.23% for 2025, reporting a growth of 7.67% compared to the same period in 2024. In fifth position is First Investment Bank AD with a profit of EUR 84 million, recording a significant increase in its profit of 32.67% compared to the same period in 2024. Net fee and commission income (calculated on the basis of Fee and commission income - Fee and commission expense) for the sector for 2025 amounts to EUR 912 million, marking a growth of 10.11% compared to EUR 828 million for 2024. DSK Bank AD retains first position with a growth of 10.70%, reporting net fee and commission income of EUR 204 million for 2025. UniCredit Bulbank AD occupies the second position with net fee and commission income of EUR 178 million, representing 19.57% of total income in the sector, marking a growth of 10.68% compared to the previous year. In third position in terms of net income from fees and commissions for 2025 remains United Bulgarian Bank AD with income of EUR 160 million, marking an increase of 8.55% compared to the previous year. First Investment Bank AD remains in fourth position with net income from fees and commissions of EUR 89 million and a 5.73% increase compared to 2024. Fifth position continues to be occupied by Eurobank Bulgaria AD with net income from fees and commissions of EUR 78 million, marking an increase of 12.57% compared to 2024.
Source: Banker (13.03.2026)

A change in the sole owner of the capital of "TBI Bank" and the members of the Supervisory Board of the credit institution has been entered in the Commercial Register. "Bago" (Luxembourg) S.?.r.l. acquired 100% of the bank's share capital, which was entered on March 13. Mr. Gauthier Van Wedingen and Mr. Kieran Patrick Donnelly have been removed from the Supervisory Board of "TBI Bank". Mr. Markus Bodo Krause and Mr. Chongor Bulcu Nemet have been entered in their place. On February 13 of this year, the European Central Bank issued approval for the acquisition by the private equity fund Advent International (through its subsidiary Bago (Luxembourg) S.a.r.l.) of a majority stake in TBI Bank EAD from 4finance Holding S.A. The deal was finalized on March 2, 2026.
Source: Banker (18.03.2026)

TB TBI Bank EAD (TBIA) Notification of changes registered in the Commercial Register in the shareholder structure of TBI Bank EAD and the members of the Supervisory Board.
Source: BSE (18.03.2026)

Pursuant to Art. 41, para. 3, item 9 of Part III "Rules for Admission to Trading" of the Rules of Procedure of BSE AD, as of 20.03.2026, the registration of the following bond issue on the Bond Segment of the BSE Main Market is terminated: - Issuer: CB Allianz Bank Bulgaria AD; - Issue code: ABBB; - Issue ISIN code: BG2100003230; - Ground for termination: full early repayment of the bond loan by exercising a call option of the Issuer on 30.03.2026; - The last date for concluding transactions with bonds from this issue on the Exchange, as a result of which the acquirer has the right to interest payment and the exercise price of the call option, is 19.03.2026.
Source: BSE (18.03.2026)

tbi bank introduces new members to its Supervisory Board - Csongor Nemeth, former CEO of Addiko Bank AG, with previous leadership experience at Intesa Sanpaolo Group and GE Money, and Markus Krause, former CRO and CFO at Addiko Bank, with banking experience at UniCredit Group, Citibank, etc. They replace Gauthier Van Weddingen and Kieran Donnelly on the Supervisory Board of tbi bank. The changes have been approved by the European Central Bank (ECB) and entered into the Commercial Register. Together with Ariel Hasson, Csongor Nemeth and Markus Krause form a team combining extensive experience with global expertise. The appointments to the Supervisory Board follow the acquisition of tbi bank by Advent International (USA) - one of the largest global private equity investors, managing assets worth $100 billion.
Source: Trud (27.03.2026)

TB TBI Bank EAD (TBIA) On 26.03.2026, Peter Baron was entered in the account of TB TBI Bank EAD in the TR as a member of the Management Board, executive director and representative of the company.
Source: BSE (30.03.2026)

Peter Baron, CEO of tbi bank, also takes on the role of Chairman of the Management Board. The changes in the leadership team follow the recent acquisition of tbi bank by Advent International (USA) - one of the largest and most experienced global private equity investors, managing assets worth 100 billion USD. Peter Baron has held a number of senior positions in banks and financial companies in various European markets. He has over 10 years of experience at tbi bank.
Source: money.bg (01.04.2026)

tbi bank has been selected as the trustee bank for HR Capital’s bondholders in the convertible bond issue, successfully placed on the BEAM market of the Bulgarian Stock Exchange in February 2026. The company raised EUR 5 million, with which it financed the acquisition of an additional stake in the online supermarket eBag. tbi is authorized to protect the interests of bondholders in a total of 5 issues, including the first bond on the BEAM market of the Bulgarian Stock Exchange, issued by Logos TM. Over the past four years, the bank has raised nearly EUR 150 million from the local public market, and last year successfully issued the largest MREL bond issue in Bulgaria worth EUR 60 million.
Source: Darik Radio (24.04.2026)

TB TBI Bank EAD (TBIB) TBI Bank EAD publishes an announcement for the exercise of the "Issuer's Call Option" on a bond issue with ISIN code BG2100005235, with the exercise date - the date of the interest payment on the issue on 09.06.2026.
Source: BSE (07.05.2026)

TB TBI Bank EAD (TBIA) Radoslav Ksenzhopolski is listed as a member of the Management Board, Executive Director and representing the company
Source: BSE (13.05.2026)

Radoslav Ksenzhopolski is entered in the Commercial Register as a member of the Management Board, Executive Director and Representative of CB "TBI Bank". The other members of the Management Board are Pavels Gilodo, Valentin Angelov Galabov, Alexander Chavdarov Dimitrov, Lukas Tursa, Kostin-Christian Minkovic and Peter Baron. The members of the Management Board are elected for a term of five years. The expiration date of Pavels Gilodo's mandate is February 12, 2031. On March 13, a change in the sole owner of the capital of "TBI Bank" was entered in the Commercial Register, after "Bago (Luxembourg) S.?.r.l." acquired 100% of the bank's share capital. On February 13 of this year, the European Central Bank issued approval for the acquisition by the private equity fund Advent International (through its subsidiary Bago (Luxembourg) S.A.R.L.) of a majority stake in TBI Bank EAD from 4finance Holding S.A. The deal was finalized on March 2, 2026.
Source: Banker (13.05.2026)

The banking system with a record profit of 490 million euros for the first quarter The banking system in Bulgaria generated a profit of 490 million euros (958 million leva) in the first three months as part of the eurozone. This is 69 million leva (35 million leva) or 7.8% more than the one realized in the first quarter of 2025, when total revenues in the banking system were 455 million euros (889 million leva). Two banks reported a profit of over 100 million euros, and a total of four had a positive financial result of more than 50 million euros. UniCredit Bulbank and DSK Bank are the banks with the largest profits for the period January 1 - March 31, after the BNB announced a positive financial result of 133 million euros (260 million leva) and 140 million euros (274 million leva) respectively. Just a year ago, they had profits of 95 million euros and 139 million euros, respectively, during the same period. Postbank ranks third in the ranking with a profit of 57 million euros, followed by UBB with 55 million euros. The top five is completed by First Investment Bank - 26 million euros. They are followed by Central Cooperative Bank (CCB) with 15,083 euros and TBI Bank - 14 million euros and ProCredit Bank with 9 million euros. The top ten is completed by Allianz Bank and Bulgarian-American Credit Bank, which respectively reported a little over 3 million euros. Only one bank - Bigbank, reported a loss of 368 thousand euros. A total of five banks in the country manage assets for over 10 billion euros, according to a Darik Business Review report based on data from the Bulgarian National Bank (BNB). The five banks UBB, DSK Bank, UniCredit Bulbank, Postbank and First Investment Bank (PIB) hold a total of 91.2 billion euros in assets. This is equivalent to a total of 77.7% of the assets of the entire banking system in our country. Only the first three banks in the ranking hold over half of the assets in the banking system - 57.3%. In the first quarter of the adoption of the euro, the largest bank by assets is DSK Bank, which is fighting hard for the first position with UBB. DSK Bank comes out on top with assets of 23.5 billion euros, and UBB follows with 23.1 billion euros.
Source: Darik Radio (14.05.2026)

Pursuant to Art. 41, para. 3, item 9 of Part III "Rules for Admission to Trading" of the Rules of Procedure of BSE AD, as of 01.06.2026, the registration of the following bond issue on the Bond Segment of the BSE Main Market is terminated: - Issuer: TBI Bank EAD; - Stock Exchange code of the issue: TBIB; - ISIN code of the issue: BG2100005235; - Ground for termination: full early repayment of the bond loan by exercising the Issuer's call option on 09.06.2026; - The last date for concluding transactions with bonds from this issue on the Exchange, as a result of which the acquirer has the right to interest payment and the price of exercising the call option, is 29.05.2026.
Source: BSE (20.05.2026)

Temporary suspension or termination of trading: Date and time of publication / announcement 2026-05-19T10:38:30.Z Type of action Removal Basis for action Early redemption (exercise of call option) on 09.06.2026 Effective from 2026-06-01T06:30:00.Z Effective until Pending True Trading venue(s) XBUL Name of the issuer TB TBI Bank EAD Issuer 529900KIX7269PVMPY26 Instrument identifier BG2100005235 Full name of the instrument TB TBI Bank bond Related derivatives Other related instruments Notes Send feedback
Source: BSE (20.05.2026)

TB TBI Bank EAD (TBIA) Vesela Koleva is listed in the TR as a member of the Management Board, executive director and representative of TBI Bank EAD.
Source: BSE (21.05.2026)

Vessela Koleva is entered in the Commercial Register as a member of the Management Board, Executive Director and representing TBI Bank EAD. The other members of the Management Board are Pavels Gilodo, Valentin Angelov Galabov, Alexander Chavdarov Dimitrov, Lukas Tursa, Kostin-Christian Minkovic, Radoslav Ksenzhopolski and Peter Baron. The members of the Management Board are elected for a term of five years. The expiration dates of the mandates of the members of the Management Board are individually determined depending on the date of election and according to the date of entry of the respective member in the Commercial Register. The expiration date of the mandate of Pavels Gilodo is February 12, 2031.
Source: Banker (22.05.2026)

TB TBI Bank EAD (TBIB) In connection with the occurrence of an interest payment on an issue of bonds issued by TB TBI Bank EAD, (TBIB), issue with ISIN code – BG2100005235, we inform you of the following: - Interest payment date: 09.06.2026; - Coupon: 9%; - The right to interest payment is reserved for bondholders who are registered as such in the book kept by the Central Depository AD as of 02.06.2026; - The last date for concluding transactions with bonds from this issue on the Exchange, as a result of which the acquirer has the right to interest payment is 29.05.2026;
Source: BSE (29.05.2026)

tbi bank will exercise its right to early redemption of a bond issue of EUR 10 million, issued in June 2023 (maturity in June 2027, 9.0% annual interest), after having already received all necessary regulatory approvals and announced its decision last month. The transaction will take place on June 9 this year, and investors will also receive the yield accumulated to date. This marks the end of the first MREL bond issue for professional investors. Over the past five years, tbi bank has established itself as a leader in the public bond market in Bulgaria, having raised nearly EUR 150 million. This includes the largest MREL bond issue issued on the Bulgarian market (worth EUR 60 million, 3-year maturity, 7% annual interest).
Source: investor.bg (03.06.2026)

TB TBI Bank EAD (TBIA) On 05.06.2026, Valentin Galabov was removed from the account of TBI Bank EAD in the TR as a member of the Management Board, executive director and representative of the company.
Source: BSE (11.06.2026)

TB TBI Bank EAD (TBIA) On 16.06.2026, Alexander Dimitrov as a member of the Management Board, executive director and representing the company and Radoslav Ksenzhopolski as a member of the Management Board, executive director and representing the company were deregistered from the account of TB TBI Bank EAD in the TR. Send feedback
Source: BSE (23.06.2026)

At its meeting of 23.6.2026, the FSC decided: 1. Approves Maria Ali as a member of the board of directors of "Bravo Home" REIT, Sofia. 2. Approves Ralitsa Dragneva, Boyan Petrov and Lyudmil Lazarov as members of the board of directors of "Bravo Property Fund" REIT, Sofia. 3. Approves changes to the articles of association of "CPI Bulgaria Receivables" REIT, Sofia. 4. Deregisters a bond issue issued by "TBI Bank" EAD, Sofia, from the register of public companies and other issuers of securities. The issue is in the amount of EUR 10,000,000, distributed in 100 interest-bearing, registered, dematerialized, non-convertible, senior, non-preferred, unsecured, freely transferable bonds, structured to meet the requirements for instruments of eligible liabilities within the meaning of Chapter XIII, Section II of the Law on the Recovery and Restructuring of Credit Institutions and Investment Intermediaries, with a nominal and issue value of EUR 100,000 each, with ISIN code BG2100005235. 5. Deregisters Aroma AD, Sofia, as a public company and the issued issue of shares, from the register of public companies and other issuers of securities. The issue is in the amount of 5,491,829 ordinary, registered, dematerialized, freely transferable shares with voting rights, with a nominal value of 0.51 euros each and with ISIN code BG1100087987. 10. Confirms the acceptance of the notification from "STARCOM HOLDING" AD regarding the acquisition by the company of a direct qualifying participation in the capital of "ZD Euroins" AD and in the capital of "Euroins Life" EAD and informs the applicant about the deadline for the Financial Supervision Commission to make a decision. 11. Sends letters to "FF Digital" EOOD and to 28 Arex" OOD requesting additional information and documents in connection with the issuance of permits to carry out activities as providers of crypto-asset services.
Source: Company information (24.06.2026)

tbi bank announced the appointment of Borislava Nalbantova as Chief Financial and Operations Officer (CFOO). The bank continues to build expertise in its leadership team following its acquisition by the American global investor Advent at the end of February this year. Borislava Nalbantova has over 25 years of experience in finance, operations and large-scale business transformations in the fast-moving consumer goods (FMCG) and financial services sectors. She joins the tbi bank leadership team from Devin EAD, where she spent 16 years in management positions, including as Chief Financial Officer (CFO), and for the last 6 years as Chief Executive Officer (CEO) and member of the Executive Committee of the European parent group. In these positions, she leads the strategic development and operational results of the company across all areas of activity. Previously, Nalbantova was part of the PwC Southeast Europe team, where she advised banks and financial institutions in various markets in the region, with a focus on finance, operations and transformation projects.
Source: actualno.com (03.07.2026)

TB TBI Bank EAD (TBIA) TBI Bank EAD publishes information about a new rating received from the Bulgarian Credit Rating Agency (BCRA).
Source: BSE (17.07.2026)

TB TBI Bank EAD (TBIA) In connection with the occurrence of an interest payment on an issue of bonds issued by TB TBI Bank EAD, (TBIA), issue with ISIN code – BG2100007215, we inform you of the following: - Interest payment date: 30.07.2026; - Coupon: 5.25%; - The right to interest payment is reserved for bondholders who are registered as such in the book kept by the Central Depository AD as of 23.07.2026; - The last date for concluding transactions with bonds from this issue on the Exchange, as a result of which the acquirer has the right to interest payment is 21.07.2026;
Source: BSE (21.07.2026)

tbi bank continues to build its leadership team following its acquisition by American global investor Advent. The bank has announced Kostin Minkovici as CEO and Chief Risk Officer (CRO). Kostin has been part of the bank’s management since 2019, previously serving as Senior Vice President Credit Risk. As before, he will also remain a member of the Management Board. Kostin has over 23 years of experience in the financial services sector, having held senior management positions in a number of institutions. His expertise is focused on supporting sustainable growth through rigorous risk management, operational efficiency and creating real value for tbi bank’s clients and partners.
Source: money.bg (26.08.2026)

TB TBI Bank EAD (TBIE) In connection with the occurrence of an interest payment on an issue of bonds issued by TB TBI Bank EAD, (TBIE), issue with ISIN code – BG2100003255, we inform you of the following: - Interest payment date: 07.09.2026; - Coupon: 7.6%; - The right to interest payment is reserved for bondholders who are registered as such in the book kept by the Central Depository AD as of 31.08.2026; - The last date for concluding transactions with bonds from this issue on the Exchange, as a result of which the acquirer has the right to interest payment is 27.08.2026;
Source: BSE (28.08.2026)

TBI Bank EAD (TBIF) In connection with an upcoming interest payment on an issue of bonds by TBI Bank EAD (TBIF) — ISIN code BG2100031256 — we hereby provide the following information: - Interest payment date: November 7, 2026; - Coupon: 7%; - Entitlement to the interest payment lies with bondholders registered as such in the records maintained by Central Depository AD as of November 2, 2026; - The final date for executing transactions involving bonds from this issue on the Exchange, such that the acquirer becomes entitled to the interest payment, is October 29, 2026.
Source: BSE (29.10.2026)