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)