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)