First Investment Bank will raise its capital up to BGL 800 mil. The decision will be made at the general meeting of the shareholders that will take place in the middle of July. At the beginning of the year the bank raised its capital up to BGL 500 mil. at the expense of the profit for 1994. BGL 281 mil. of them will be allocated to personal voting shares and the rest of them to ordinary shares.
Source: Other (14.06.1995)

At the special meeting of the shareholders of First Investmenmt Bank JSCo. decision for the raising of the capital of the bank up to BGL 800 million was taken. Thus the financial institution will answer the demands of the Bulgarian National Bank for a full bank licence. The raising will be done throug a new emission of shares.
Source: Other (18.07.1995)

The Privatization Agency sold the biggest textile and knitwear enterprise Briliant SPJSCo. situated in Plovdiv. Owner of the company becomes Briliant-Invest JSCo. - Sofia. It will pay BGL 120 661 037 with which will buy 78% of the shares. The investments laid down in the agreement are for BGL 137. they have to be made for period of 5 years.
Source: Other (25.07.1995)

The First Investment Bank will rise the finances for the privatization of the sewing plant Brilliant, which was bought by Brilliant-Invest, company of the managerial staff of Brilliant SPJSCo. The structure of the payment is 10 per cent cash, 45 per cent in Bad debt bonds, and 45 per cent in Brady bonds. The management of Brilliant Invest was taken in hand by Mr. Ivailo Mutafchiev, CEO of First Investment Bank. Brilliant SPJSCo. reports BGL (non-denominated) 334 million turnover in 1994, mainly from export.
Source: 24 chasa (26.07.1995)

Briljant SPJSCo. is privatised at suspiciously low price, state the members of the Board of Directors of the Privatisation Agency. The Ministry of Indrustry also has objections to the price. The textile plant was bought by the First Investment Bank in the end of July. A group of experts which will inspect the deal is assigned.
Source: Other (02.08.1995)

The Privatization Agency will accomplish the transaction with the state enterprise Briliant, decided the Supervisory Board of the agency. There are several claims against this deal. The opponents of the sale of the enterprise state that the obligations of hundreds of thousands Dem have not been taken into account and that Bulgarleasing hasn't done all its best to fulfill exchange of Swap debt against ownership.
Source: Other (31.08.1995)

The Directors of the textile producing plant Brilliant have given untrue data to the accountants who made the estimation of the enterprise. They hid the profit of the company for year 1994 amounting to BGL (non-denominated) 44 million. Thus the evaluation price of the enterprise became 6 times lower than the real one. Owner of the privatized enterprise became Brilliant Invest - company, incorporated by the managers of the plant and First Investment Bank.
Source: Standart (06.09.1995)

Brilliant Invest JSCo, the company that bought Brilliant Plovdiv, will mark additional BGL (non-denominated) 31 million investment in the privatized enterprise. The above sum will be allocated for the purchase of new equipment.
Source: Standart (14.09.1995)

First Investment Bank received a full-operating bank licence on the part of the Bulgarian National Bank. Thå Management Board of the Central Bank adopted the six-months report of the bank without objections.
Source: Standart (15.09.1995)

Sofia District Court registered amendments in the documents of First Investment Bank PLC. The capital of the company has been increased up to BGL 800 million through the issue of new shares. 30 000 of them are registered voting shares and the rest 270 000 are bearer's shares.
Source: Other (24.10.1995)

The assessment of the textile plent Briliant was decreased by BGL 100-200 million. This became known after a financial investigation was conferred on the part of the Supervisory Board of the Privatization Agency.
Source: Other (02.11.1995)