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)