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)