Eight banks are on the list of participants in this year's government securities auctions The Bulgarian National Bank has announced a list of participants in the automated system for holding auctions and subscriptions for the exchange of government securities. It is already in force at the beginning of this year, the central bank specified. It includes Municipal Bank AD, First Investment Bank AD, United Bulgarian Bank AD, DSK Bank AD, Allianz Bank Bulgaria AD, Central Cooperative Bank AD, UniCredit Bulbank AD and "Eurobank AD BULGARIA. The system for conducting auctions for government securities was initially developed by BNB experts in 1991 as part of the electronic system for registration and servicing of trade in government securities (ESROT), after which it was repeatedly modernized and refined in accordance with changes in the emission policy of Ministry of Finance. In 2004, a new system for conducting auctions, known as ADCC, was implemented. It is built as a stand-alone system, ensuring fully automated processing of submitted orders for participation in the auction from entry to exit in compliance with the provisions of Ordinance No. 5 of the Ministry of Finance and the BNB on the terms and conditions for acquisition, registration, payment and trading of government securities . The interchangeable technical means used by ADSC for communication with the participants in the auctions for ADSC (SWIFT and WEB-based interface when applying a qualified electronic signature) comply with international procedures and standards and allow trouble-free inclusion at minimal costs of new users, regardless of their location. Participation in the auctions is through competitive bidding. By decision of the Ministry of Finance, participation in some auctions for the sale of government securities is also allowed with non-competitive orders. Submitted orders can be changed by the participants in the auction until the deadline for their receipt expires, after which they are irrevocable. The last message is considered valid. Ranked orders are approved by the Minister of Finance or a person designated by him. Based on the received approval, the auction is closed and the data about it is transmitted directly to ESROT through the purpose-built interface. Competitive orders are paid at the price stated in the relevant order (rule that applies to the so-called "multiple-price auction"), and non-competitive orders - at the weighted average price of the approved competitive orders.
Source: Banker (03.01.2024)

ÑB First Investment Bank AD-Sofia (FIB) Disclosure of information by First Investment Bank AD pursuant to Regulation (EU) No. 575/2013 and Implementing Regulation (EU) No. 2021/637 on a consolidated basis for the third quarter of 2023.
Source: BSE (08.01.2024)

CB First Investment Bank AD-Sofia (FIB) The extraordinary General Meeting of Shareholders of CB First Investment Bank AD dated 15 January 2024 passed the following resolution: - Adoption of changes within the Internal Audit Department
Source: BSE (19.01.2024)

A private executor is selling tourist base "Klisura" for 345,600 starting price at the public auction, which is announced for February 27. The building is 2,200 square meters and is located in the town of Klisura, Karlovo municipality. There are parking lots and buildings in the yard with a built-up area of 852 square meters and more specifically a kitchen, an administrative building, two bungalows, a villa, a garage and a toilet. The property is owned by the debtor "Planet Service" EOOD, whose sole owner is Hristina Micheva. There are encumbrances, a mortgage and foreclosures on the property, and there is also a lawsuit from First Investment Bank. In November last year, there was one attempted sale. Then the price was higher - BGN 484,000.
Source: Standart (30.01.2024)

ÑB First Investment Bank AD-Sofia (FIB) ÑB First Investment Bank AD-Sofia presented a quarterly report for the Fourth Quarter of 2023.
Source: BSE (31.01.2024)

After, last year, persons associated with the until recently leader in debt collection "S.G. Group" acquired its main competitor - "Debt Collection Agency" (ACA), the more valuable part of the business began to go to it. In the last months of 2023, "S.G. Group" together with several related companies with total liabilities to the FIB of about BGN 300 million moved its headquarters to Pernik and renamed itself "Financial Investment Company" (FIK). And from the beginning of 2024, he quickly found himself with two parallel bankruptcy proceedings in Sofia and Stara Zagora. On December 17, 2019, PIB recorded a bond issue for BGN 236 million from "S.G. Group", which a few days later were fully used by it to acquire a package of non-performing loans from the bank. Their nominal value is BGN 538 million, but FIB splits with the package at nearly 45% of the nominal value and thus even manages to account for about BGN 55 million addition to its annual profit. At the beginning, only 5% annual interest must be paid on the seven-year "S.G. Group" bonds. The principal starts to be amortized only from the fourth year with 30 million BGN per year, and at the end there is an impressive payment of 146 million BGN. This transaction really launched "S.G. Group", behind which four partners have stood since its foundation with equal shares - Stanimir Burgaski, Adam Sotkov, Julian Tsamparov and his father Boycho Tsamparov, as the largest collection company in Bulgaria by assets and provides a basis for its subsequent expansion. In parallel with the operation on December 10, 2019, FIB granted a BGN 50 million credit line to the related company for quick loans "Money Plus Management" at an 8.5% interest rate, which allows the group to also enter this segment under the Money+ brand. And the cooperation continues in 2021, when "S.G. Group" acquires a record-breaking package of EUR 434 million in non-performing loans from Postbank and finances the purchase with a BGN 34 million loan from FIB. Companies close to "S.G. Group" are also embarking on a series of acquisitions with funding provided from other sources. In 2022, they buy Eurolease Auto from Eurohold, and also push a deal for their main competitor ASV with Norway's B2 Holding, which was finalized in 2023. The problems come at the end of 2023 when the four-year grace period on the bonds expires . On December 17, 2023, "S.G. Group" had to transfer for the first time not only the annual interest (11.8 million BGN), but also the 30 million BGN principal. By decision of the sole owner "Innovative Finance Holding" from October 5, 2023, the headquarters of "S.G. Group" was moved from Sofia to Pernik to 47A "Otets Paisiy" Street, where there is an office of Money+. On November 16, at a general meeting, the shareholders of "Innovative Finance Holding" decided to rename it "Gold Project Holding" and the ultimate owners, who until now have also been directors, leave its management. On December 5, "S.G. Group" was renamed "Financial Investment Company" (FIK). In parallel with this, the other company with a large debt to FIB - "Money Plus Management" also acquired a new name - "Silver Project" and ended up in Pernik. In December, a new company "Sadrujie Financial Investment Company" was registered in Stara Zagora. It is a joint venture in which the unlimited liability partners are FIK, "Silver Project", "Sea Property" and "Pay Plus" - all four with obligations and/or pledges in favor of FIB. On December 22, "Silver Project" paid off its public bond issue for BGN 12 million ahead of schedule and thus settled with its other creditors except FIB. The major bondholders in the issue are the Municipal Bank and the pension funds of "Budeshte", "Saglasie", "CCB - Sila". According to the latest report as of September 2023, the liabilities to financial institutions are BGN 55.7 million, which leaves FIB as the largest creditor with BGN 45.75 million, and payments have been stopped as early as July 31, 2023. In mid-December 2023 d. FIB proceeds with the implementation of its bets on the commercial enterprises of "Silver Project" and "Sea Property" and appoints its own depositary and manager in both companies. On December 21, the bank also obtained a writ of execution against another related company - "Corporate Collection Company", which is a co-debtor on a loan for "Pay Plus". There, however, the amounts claimed are small (about BGN 300,000) and the seizure of shares in subsidiaries imposed by the PSI was quickly lifted. On January 5, 2024, FIB submitted to the Sofia City Court petitions to declare "Financial Investment Company" and "Silver Project" bankrupt. Silver Project's workforce has shrunk from 187 in the middle of the year to 22 as of November, while more than 50 people have been hired at the newly created Money Plus Money Store. The brand of the same name is owned by another related company, "Credihelp Bulgaria", which employs 80 people. Only two weeks after its establishment, on January 8, a petition for bankruptcy was filed against "Sadrujie Financial Investment Company" in the District Court - Stara Zagora. There, the claim comes from "DCA Management" - a company close to "S.G. Group", through which ASV was acquired. All other companies with debts to FIB are also constituted as debtors. The bank itself joined as a creditor, and its proposed receiver of "Silver Project", Georgi Cholakov, shortly after he was registered on January 29, submitted a request to the court to have the case terminated. The "S.G. Group" group operates through numerous companies with formally independent and different owners. Apparently, there is an attempt to have the more valuable parts of the collection business go to "DCA Management" and ASV, and to isolate everything related to the legal battle with PIB under the umbrella of "Gold Project Holding", which will act as a fuse . In December, "Pay Plus" was transferred there from "Finance Plus Management Holding" (where the non-banking business of S.G. was merged). There is also a decision and contract to do this for "Silver Project", but the transfer is not entered in the Commercial Register. For FIB, an unserviced exposure of the order of BGN 300 million can turn into a serious capital problem. As of September 2023, its core equity (CET1) is slightly over BGN 1.35 billion, and as a ratio to risk-weighted assets, it is 17.14%. This is one of the particularly important regulatory indicators, as currently the minimum requirement for banks under the regulation of 4.5% in Bulgaria includes a number of buffers - a total of over 8 percentage points. Specifically for FIB, there is an additional requirement from the BNB under the so-called second pillar - 2.1 points, with which the total CET1 requested by it reaches almost 15%, and its total capital adequacy must be over 18%. If, as a result of provisions, its basic equity falls by BGN 150 million, this will lower the indicators close to the regulatory limits, at least until the profit for 2023 of nearly BGN 135 million is capitalized. Even if they are not exceeded, this reduces the bank's potential to grant new loans. Separately, FIB faces the task of covering the so-called minimum equity and eligible liabilities (MREL) requirements, for which capital or eligible debt instruments may be used. Last autumn, the bank tried to place a EUR 300 million bond issue, which failed. The BNB has granted some postponement for the higher levels of the indicator that will come into force from 2024, but its completion remains on the agenda in the coming months and possible losses around "S.G. Group" will not be of any help. In 2020, upon Bulgaria's entry into the banking union, the ECB did not take PIB under direct supervision, although the bank had the most significant remarks during the review of asset quality and the stress test, which were partially resolved precisely through the transaction with "S.G . group". Then, the fourth largest FIB in terms of assets remained under the supervision of the BNB in the column "less significant institutions" (LSI), although it was rated "with a high impact". The ECB also maintains a category of "High-risk less significant institutions" based on compliance with capital and leverage requirements, which is updated every quarter, but their list is not public. However, under certain conditions ("when necessary with a view to the consistent application of high standards of supervision"), Frankfurt also has the power to take over the supervision of LSI "at any time, on its own initiative".
Source: Capital (02.02.2024)

CB First Investment Bank AD-Sofia (FIB) CB First Investment Bank publishes a notification regarding an agreement reached with SG Group.
Source: BSE (08.02.2024)

As of December 31, 2023, 23 banks operate in Bulgaria's banking sector, 6 of which are branches of foreign credit institutions. Total assets of the banking system as of December 31 last year. amounted to BGN 172.1 billion, marking an increase of 4.22% compared to September 30. The share of the five largest banks based on total assets in the banking system as of December 31 is 76.84 percent. United Bulgarian Bank AD remains in the leading position with assets in the amount of BGN 34.0 billion or 19.78% market share, marking a growth of 4.63% in assets compared to September 30, 2023. Bank DSK AD is in second position with a 19.05% market share and a growth in assets of 5.48% compared to the previous quarter. In third position is Unicredit Bulbank AD with an unchanged market share of 18.67% compared to the end of the previous quarter and a growth in assets of 4.21% compared to September 30. The fourth and fifth positions, unchanged compared to the end of the previous quarter, are occupied respectively by Eurobank Bulgaria AD and First Investment Bank AD. The net assets of the banks as of December 31, 2023 amounted to BGN 20.0 billion, marking an increase of 3.55% compared to September 30. Bank DSK AD remains in the leading position according to this indicator - as of December 31, its net assets have increased by 6.38% compared to September 30, 2023. A growth of 4.52% in net assets was registered by Unicredit Bulbank AD as of December 31 and remains in second place by this indicator. United Bulgarian Bank AD occupies the third position in terms of net assets as of December 31, reporting a growth of 3.84% compared to September 30, 2023. Eurobank Bulgaria AD continues to occupy the fourth position, reporting a growth in net assets of 4.40% compared to September 30. First Investment Bank AD remains in fifth position with a growth in net assets of 0.66% compared to September 30, 2023. The net profit of the banking system marked a significant growth of 64.35%, reaching BGN 3.4 billion for 2023, compared to BGN 2.1 billion for 2022. Bank DSK AD occupies the leading position with a profit of BGN 1.0 billion or a 29.44% share of the profits in the sector for the last year, reporting a growth of 77.53% compared to the previous year. Unicredit Bulbank AD is in second position in terms of profit share in the sector, namely 23.61%, reporting an increase of 73.15% and reaching BGN 807 million for 2023 compared to BGN 466 million for 2022. United Bulgarian Bank AD doubles its profit from the previous year, reaching BGN 472 million for 2023 or a growth of 211.43%, rising to the third position with a 13.81% share in the profits of the sector. Eurobank Bulgaria AD is in fourth position with a profit of BGN 308 million and a market share of 9.02% for 2023, registering an increase of 49.02% compared to 2022. First Investment Bank AD climbs to the fifth position with a profit of BGN 135 million, registering an increase of 68.70% compared to 2022. The return on assets (calculated on the basis of Net profit / Total assets) amounts to 1.99% in total for the banking system throughout 2023 compared to 1.34% for 2022. According to this indicator, Citibank Europe AD - Bulgaria Branch is in the leading position with 3.59%, marking an increase compared to the previous year, when the return on assets was 1.30 percent. TBI Bank EAD occupies the second position with a 3.58% return on assets for 2023 compared to 6.03% for 2022. Next positions are occupied by Varengold Bank AG, Sofia Branch with 3.33%, DSK Bank AD with 3.07% and Targovska Banka D AD, which is in fifth place with 2.66 percent. Return on equity (calculated on a Net Profit / Equity basis, with the ranking excluding foreign bank branches), increases to 16.72% for 2023, compared to 11.77% a year earlier. With the highest return on equity remains TBI Bank EAD with 22.76%, and in second place is DSK Bank AD with 22.56%, followed by Unicredit Bulbank AD with 22.03%, Targovska Banka D AD with 20.78% and International Asset Bank AD with 18.95 percent. The efficiency indicator (calculated on the basis of the ratio between administrative expenses and total net operating income) reports an improvement from 37.36% for 2022 to 31.80 percent. In the leading position according to this indicator for 2023 is Unicredit Bulbank AD with 23.10% compared to 29.06% for 2022. Bank DSK AD is in second position, reporting an improvement in efficiency from 28.03% for 2022 to 24.37 percent. Citibank Europe AD – Bulgaria Branch climbs to third position, reporting an increase in efficiency from 38.19% in 2022 to 25.86% in 2023. Next come Investbank AD and Te-Je Ziraat Bankas - Sofia Branch in fourth and fifth position, respectively.
Source: Banker (09.02.2024)

At the end of December 2023, housing loans amounted to BGN 19.901 billion and grew by 20.5% on an annual basis Three of the commercial banks in Bulgaria increased the loans provided to households by over BGN 1 billion in 2023. Two of the institutions officially finalized acquisition transactions during the year, which also had an impact on the growth of this indicator. Number 1 for last year is United Bulgarian Bank, which added 4.5 billion BGN of new loans. At the end of 2022, the loan portfolio to households of KBC Bank Bulgaria amounts to BGN 3.5 billion. Postbank also reports an increase of BGN 1.97 billion, of which BGN 925 million comes from the acquired BNP Paribas Personal Finance. DSK Bank is also in the top 3, adding BGN 1.58 billion in new loans from households, ranking ahead of UniCredit Bulbank and TBI Bank, which increased their portfolios by BGN 725 and 474 million, respectively. An increase of over BGN 100 million. is also reported at Allianz Bank Bulgaria (BGN 227 million), First Investment Bank (BGN 220 million) and Central Cooperative Bank (BGN 101 million). The Bulgarian-American Credit Bank (BGN 87.7 million) also remains slightly below this limit. ?
Source: Darik Radio (13.02.2024)

Ñëåä áëèçî 30 ãîäèíè íà áúëãàðñêèÿ ïàçàð åìáëåìàòè÷íèÿò áðàíä Diners Club ("Äàéíåðñ êëóá") ïðåêðàòÿâà äåéíîñòòà ñè ó íàñ. Óïðàâèòåëíèÿò ñúâåò íà ÁÍÁ âçå ðåøåíèå çà ñúãëàñèå íà äðóæåñòâîòî äà ïðåêðàòè äåéíîñòòà ñè êàòî ïëàòåæíà èíñòèòóöèÿ, ñ÷èòàíî îò 15 àïðèë 2024 ã., âúâ âðúçêà ñ ïîñòúïèëî îò êîìïàíèÿòà çàÿâëåíèå çà ïðåêðàòÿâàíå íà äåéíîñòòà. Ïî-íàòàòúøíîòî ïðèåìàíå íà êàðòèòå íà Diners Club â Áúëãàðèÿ ùå ïðîäúëæè â ñúòðóäíè÷åñòâî ñ Ïúðâà èíâåñòèöèîííà áàíêà. Ôèíàíñîâàòà èíñòèòóöèÿ ùå ïðîäúëæè äà ðàáîòè â ïàðòíüîðñòâî ñ âîäåùèòå áàíêè è ïëàòåæíè èíñòèòóöèè â Áúëãàðèÿ, çà äà îñèãóðè âúçìîæíîñò äî êðàÿ íà 2024 ã. êàðòîäúðæàòåëèòå íà Diners Club Network Alliance Partners äà ïðîäúëæàò äà èçïîëçâàò ñâîèòå êàðòè â Áúëãàðèÿ ïðè òúðãîâöè è áàíêîìàòè. "Äàéíåðñ êëóá Áúëãàðèÿ" ÀÄ å ðåãèñòðèðàíî ïðåç íîåìâðè 1996 ã., êàòî îñíîâíàòà äåéíîñò íà äðóæåñòâîòî å èçäàâàíå íà ìåæäóíàðîäíè êðåäèòíè êàðòè Diners Club íà òåðèòîðèÿòà íà Áúëãàðèÿ. Äðóæåñòâîòî èçâúðøâà ñâîÿòà äåéíîñò íà áàçàòà íà ñêëþ÷åí òðèñòðàíåí äîãîâîð çà ôðàí÷àéç ñ åêñòåíçèâíî ïúëíîìîùèå ñ Erste Card Club d.d.è Diners Club International Ltd., ×èêàãî.Çà 2022 ã. êîìïàíèÿòà å íà çàãóáà - â ðàçìåð íà 919 õèë. ëâ. Áðîÿò àêòèâíè êàðòè "Äàéíñúðñ êëóá Áúëãàðèÿ" å äîñòèãíàë 9760 ïðåç 2022 ã. ïîñîêà íàä 11 000 â íà÷àëîòî íà 2021 ã. Ïðåç òàçè ãîäèíà ïðèõîäèòå îò äåéíîñòòà äîñòèãàò 2 ìëí. ëâ. ïîñîêà 2,3 ìëí. ëâ. çà ïðåäõîäíàòà. Äðóæåñòâîòî îò÷èòà çíà÷èòåëíî íàìàëÿâàíå íà äîõîäèòå, ñâúðçàíè ñ ëèõâè, êàêòî è äðóãè ïðèõîäè, ñâúðçàíè ñ ôèíàíñèðàíå îò Diners Club International çà ïîïóëÿðèçèðàíå íà ìàðêàòà. Ðåãèñòðèðàíèÿò êàïèòàë íà äðóæåñòâîòî êúì 31 äåêåìâðè 2022 ã. å â ðàçìåð íà 910 õèë. ëâ., êàòî îñíîâåí àêöèîíåð, ñ 96.51% äÿë å Ïúðâà èíâåñòèöèîííà áàíêà. Êðåäèòíèòå êàðòè Diners club îñèãóðÿâàò ìàêñèìàëåí êîìôîðò è óëåñíåíèå ïðè áèçíåñ è ëè÷íè ïúòóâàíèÿ, ïðè ïîêóïêè â ñòðàíàòà è ñòðàíàòà, îíëàéí ðàçïëàùàíèÿ, êåøáåê ïðîãðàìà è äð. Êàðòèòå ãàðàíòèðàò ðåçåðâàöèè â íàä 7000 õîòåëà è íàä 100 õîòåëñêè âåðèãè, ïðèåìàò ñå îò íàä 14 ìèëèîíà òúðãîâñêè îáåêòè. Çà äà îñèãóðÿò ìàêñèìàëíî óäîáñòâî íà ñâîèòå êàðòîäúðæàòåëè.
Source: money.bg (16.02.2024)

ÑB First Investment Bank AD-Sofia (FIB) ÑB First Investment Bank AD-Sofia presented a quarterly consolidated report for the Fourth Quarter of 2023.
Source: BSE (01.03.2024)

At a meeting of the Board of Directors of the BSE AD under Protocol No. 13 dated 07.03.2024, the following decisions were taken: I. Revision based on SOFIX The first 15 (fifteen) issues of shares meeting the requirements of Art. 9 of the BSE Index Calculation Rules and Item 3 of Appendix No. 1 (SOFIX Calculation Methodology), classified according to Items 4-7 of Appendix No. 1, are: Emission Free float protection. Capt. (BGN) Median weekly turnover (BGN) Number of transactions Spread Avg.-arithm. St. St Shelley Group AD 332 990 837 490 847 3 772 0.02055427 Sopharma AD-Sofia 313 935 358 252 165 3 305 0.02173010 Doverie United Holding AD 117 059 358 96 869 1 914 0.02003008 Advance Terrafund REIT-Sofia 172 997 494 79 791 1 414 0.02418510 Eurohold Bulgaria AD 151 421 877 238 273 772 0.08504324 Bulgarian Stock Exchange AD-Sofia 51 294 962 68 778 1 078 0.04751621 Agria Group Holding AD-Varna 29 326 360 79 638 1 264 0.02814776 Varna Holding AD 88 690 491 32 537 408 0.01894687 TB First Investment Bank AD-Sofia 47 200 546 36 861 1 981 0.05483585 Chemimport AD-Sofia 36 255 988 34 252 1 519 0.04956333 Real estate fund Bulgaria REIT-Sofia 66 903 257 33 553 648 0.04238201 Sopharma Trading AD-Sofia 24 492 294 66 200 914 0.03813512 TB Central Cooperative Bank AD 32 405 175 51 751 749 0.05511049 Elana Agrocredit AD-Sofia 25 969 957 26 373 402 0.02650037 M+C Hydraulic AD-Kazanlak 99 579 407 11 365 429 0.09242756 As a result of the inspection under Item 13 of Appendix 1 (Methodology for calculating SOFIX), it was established that the weight of the economic group, including the shares issued by Sopharma AD-Sofia and Sopharma Trading AD-Sofia, exceeds the requirement of 20% as of 01.03. 2024. In this regard, the issue of shares of Sopharma Trading AD-Sofia is excluded from the ranking above. The next emission meeting the requirements of Art. 9 of the Rules and item 3 of Appendix No. 1, classified according to items 4-7 of Appendix No. 1, is the issue of shares of Sirma Group Holding AD-Sofia, which has the following indicators: Emission Free float protection. Capt. (BGN) Median of weekly turnover (BGN) Number of transactions Spread Avg.-arithm. St. St Sirma Group Holding AD-Sofia 22 822 042 14 849 499 0.05254505 Based on the ranking performed under items 4-7 and the relevant checks and decisions under item 13 of Appendix 1 (Methodology for calculating SOFIX), on the basis of Art. 15, item 4 of the BSE Index Calculation Rules in connection with item 17 of Appendix 1 (Methodology for SOFIX calculation), the Board of Directors excludes the following two share issues from the basis of the SOFIX index: NEOH Neohim AD-Dimitrovgrad, i SFT Sopharma Trading AD-Sofia; and adds the following two share issues to the base of the SOFIX index: AGH Agria Group Holding AD-Varna, i SGH Sirma Group Holding AD-Sofia. The decision to change the base of the SOFIX index comes into force as of March 18, 2024. Èçïðàùàíå íà îòçèâè Ñòðàíè÷íè ïàíåëè Èñòîðèÿ Çàïàçåíè Ïðèíîñ
Source: BSE (08.03.2024)

At a meeting of the Board of Directors of the BSE AD under Protocol No. 13 dated 07.03.2024, the following decisions were taken: II. Revision based on BGBX 40 Pursuant to Art. 15, item 4 of the BSE Index Calculation Rules in connection with item 15 of Appendix No. 2 (Methodology for BGBX 40 calculation), the Board of Directors excludes the following seven share issues from the BGBX 40 index base: BPF Bravo Property Fund REIT-Sofia; HIKA Industrial Capital Holding AD-Sofia; HNVK Holding Nov Vek AD; HRZ Rodna Zemya Holding AD-Sofia; IHB Industrial Holding Bulgaria AD-Sofia; SPDY Speedy AD-Sofia; and T57 Trace Group Hold AD-Sofia; and adds the following seven share issues to the base of the BGBX 40 index: PET Petrol AD; SFB Sopharma Buildings REIT; HLEV Golden Lev Holding AD; BNR Bianor Holding AD-Sofia; BBRD Billboard AD-Sofia; BSP Balkan and Sea Properties REIT-Varna; and TXIM TB Texim Bank AD-Sofia. III. Basis Revision of BG REIT Pursuant to Art. 15, item 4 of the BSE Index Calculation Rules in connection with item 12 of Appendix No. 3 (Calculation Methodology of BG REIT), the Board of Directors does not make changes to the base of the BG REIT index. IV. Revision based on BG TR30 Pursuant to Art. 15, item 4 of the Rules for calculating BSE indices in connection with item 17 of Appendix No. 4 (Methodology for calculating BG TR30), the Board of Directors excludes the following five issues of shares from the basis of the BG TR30 index: HNVK Holding Nov Vek AD, HSI Sila Holding AD, HSOF Holding Sveta Sofia AD-Sofia, NEOH Neohim AD-Dimitrovgrad, i TBS Telelink Business Services Group AD-Sofia; and adds the following five share issues to the base of the BG TR30 index: FIB TB First Investment Bank AD-Sofia, TXIM TB Texim Bank AD-Sofia, SFB Sopharma Buildings REIT, CCB TB Central Cooperative Bank AD, i HLEV Golden Lev Holding AD V. Revision based on the beamX index Pursuant to Art. 15, item 4 of the Rules for calculating BSE indices in connection with item 20 of the Rules for calculating the index of companies on the beam (beamX) market, the Board of Directors excludes the following issue of shares from the base of the beamX index: BEE BEE Smart Technologies AD-Sofia; and adds the following issue of shares to the base of the beamX index: ITF ITF Group AD-Sofia. Decisions to change the base of the BGBX 40, BG REIT, BG TR30 and beamX indices will come into force as of March 18, 2024.
Source: BSE (08.03.2024)

The general meeting of shareholders of the online gambling company, which operates under the trademark Palms Bet - "Telematic Interactive Bulgaria" AD, voted to pay a dividend for 2022. The holders of such papers will distribute an amount in the gross amount of BGN 5,054,407 or BGN 0.39 per share. The payment of the dividend will start from April 2 and will be carried out through "Central Depository" AD and "First Investment Bank" AD. The company will pay the shareholders the voted dividend within up to 60 days from the holding of the general meeting of shareholders. Shares of "Telematic Interactive Bulgaria" with the right to a dividend can be traded on the "Bulgarian Stock Exchange" until March 21. Over the past year, the shares of "Telematic Interactive Bulgaria" have increased in price. In March of last year, they were traded at BGN 13.13 per unit, and currently transactions are concluded at BGN 15.40, and the company's market capitalization is BGN 199,584,277. During this period, the company paid a dividend to its shareholders twice.
Source: Banker (13.03.2024)

ÑB First Investment Bank AD-Sofia (FIB) ÑB First Investment Bank AD-Sofia publishes the Annual financial report for the bank's activities - ESEF format as of 12-31-2023.
Source: BSE (14.03.2024)

BSE Indices Committee adopted the following decisions under Record of Proceedings No. 3 at its session held on 17 March 2024: I. With reference to item 14 of Appendix No. 1 (SOFIX Calculation Methodology) to the Rules for Calculating the BSE Indices, the Indices Committee adopted the following weight factors, other than one (1), of the SOFIX constituents, in effect from 18 March 2024: BSE code Issuer Weight factor SFA Sopharma AD-Sofia 0.641847 SLYG Shelly Group AD 0.510679 II. With reference to item 12 of Appendix No. 2 (BGBX 40 Calculation Methodology) to the Rules for Calculating the BSE Indices, the Indices Committee adopted the following weight factors, other than one (1), of the BGBX 40 constituents, in effect from 18 March 2024: BSE code Issuer Weight factor SFA Sopharma AD-Sofia 0.694499 SLYG Shelly Group AD 0.552572 III. With reference to item 9 of Appendix No. 3 (BG REIT Calculation Methodology) to the Rules for Calculating the BSE Indices, the Indices Committee adopted the following weight factors, other than one (1), of the BG REIT constituents, in effect from 18 March 2024: BSE code Issuer Weight factor ATER Advance Terrafund REIT-Sofia 0.315831 BSP Balkan and Sea Properties REIT-Varna 0.868002 BREF Bulgarian Real Estate Fund REIT-Sofia 0.816672 IV. With reference to item 15 of Appendix No. 4 (BG TR30 Calculation Methodology) to the Rules for Calculating the BSE Indices, the Indices Committee adopted the following weight factors of the BG TR30 constituents, in effect from 18 March 2024: BSE code Issuer Weight factor AGH Agria Group Holding AD-Varna 1.375131 ATER Advance Terrafund REIT-Sofia 8.114515 BSP Balkan and Sea Properties REIT-Varna 1.174841 BSE Bulgarian Stock Exchange-Sofia 1.801422 VAM Velgraf Asset Management AD-Sofia 5.773789 GR6 Gradus AD-Stara Zagora 18.014222 DUH Doverie United Holding PLC 2.962865 EUBG Eurohold Bulgaria AD 21.110417 EAC Elana Agrocredit AD-Sofia 25.019753 HLEV Zlaten Lev Holding AD 7.720381 11C Eleven Capital AD-Sofia 1.598895 GTH Galata Investment Company AD-Varna 10.235354 CAPM Capital Management SPV-Sofia 0.346427 MSH M+S Hydraulic AD-Kazanlak 2.456485 HRZ Rodna Zemya Holding AD-Sofia 8.947461 SYN Synthetica AD-Sofia 0.495804 SGH Sirma Group Holding AD-Sofia 38.058216 SFA Sopharma AD-Sofia 4.275527 SFB Sopharma Buildings REIT 1.732137 SFT Sopharma Trading AD-Sofia 4.699362 SPH Stara Planina Hold AD-Sofia 2.549182 SBPF Super Borovetz Property Fund REIT-Burgas 9.317701 FIB CB First Investment Bank AD-Sofia 10.555208 TXIM CB Texim Bank AD-Sofia 7.720381 CCB CB Central Cooperative Bank AD 17.894923 BREF Bulgarian Real Estate Fund REIT-Sofia 10.392821 CHIM Chimimport AD-Sofia 38.491928 CHSB Himsnab Bulgaria AD-Sofia 0.442973 HVAR Holding Varna AD 0.600474 SLYG Shelly Group AD 0.391614 V. With reference to item 24 of the Rules for Calculating the BEAM Market Companies' Index (beamX), the Indices Committee adopted the following weight factors, other than one (1), of the beamX constituents, in effect from 18 March 2024: BSE code Issuer Weight factor DRON Dronamics Capital AD-Sofia 0.688518
Source: BSE (19.03.2024)

The "Green District" (The Green District) will be located in the metropolitan district "Krastova Vada-Zapad" - a project of "Domex Invest", which was built on 50 decares with 21 residential buildings with nearly 500 apartments, divided into four closed complexes and six independent buildings with a total built-up area of 60 - 70 thousand square meters. They will be low-rise buildings in a similar architectural style, with completely new infrastructure, uniformly asphalted streets with drainage, paved sidewalks with landscaping, street lighting and green spaces. A big project for Sofia by the holding "Bulkcapital Group" - investor and builder of the largest closed complexes on the Bulgarian Black Sea coast, whose company for residential construction in Sofia is "Domex Invest". In 2014, "Dream Residence 1" was built, followed by "Dream Residences" 2, 3, 4, 5, 6. The closed complex "Garden" was built, and the "Park" part is currently being built and the expectations are by the end of the year "Park" to have act 16. "Fountains" begin. The main contractor is the construction company from the holding - Domex Construction, which works with subcontractors, most of which it has been partnering with for 15 years. All streets should be completed by the end of the year. They are 6 meters high, with sidewalks of 1.5-2 m, in which trees are planted every four meters. The balance is that the investor will build a total of about 8 thousand square meters of streets and 4 thousand square meters of sidewalks. The complex will be maintained by his company Domex Facility Management. The basis of the project is a plot of about 20 decares, bought in stages by the First Investment Bank. Domex Invest managed to buy all the land under the streets. The fight for the most problematic lasted two years. Finally, the municipality expropriated it at their expense. Although built in about 11 stages, the "Green District" at least in the picture looks like it was built with a master plan. Bulk Capital Group is a holding company that owns and manages 40 companies. It was established in 2012 and, according to the Trade Register, is owned by Borislav Tochevsky through his company "Simplicity Solutions" and by Stanimir Penev through "Staler BG", which belongs to the Austrian "Staler". The holding has a construction and investment activity with over 40 completed projects with 350,000 square meters of built-up area. Bulk Capital Group is an investor and builder in the largest holiday complexes on the Bulgarian Black Sea coast. The group includes tourism, IT, legal, accounting and property management companies in Russia, Ukraine, Kazakhstan and Austria. All of them serve the complexes being created. "Cascadas Family Resort" in Sunny Beach is emblematic. 2,000 apartments with 90,000 square meters have been built on a 130-acre plot of land. The owners have kept about 20% of them and rent them out. There are swimming pools, ponds with swans, a collodrome with ponies, an eco-park, etc. In recent years, "Bulcapital Group" has been actively building in St. iv. Konstantin and Elena to Varna, which is already taking shape as a residential area, on land bought by "Chimimport". The first and second parts of "Azur Varna Resort" have already been built. Now they are finishing "Panorama" and preparing "Azur Botanica" above the resort. There they have over 100 decares where they want to build several kindergartens, commercial infrastructure and a school with a huge campus. They have a preliminary agreement with the French Lyceum in Varna to move there. Investors are also in "Villa Astoria" in Elenite and "Byala Sun Residence".
Source: Capital (25.03.2024)

ÑB First Investment Bank AD-Sofia (FIB) ÑB First Investment Bank AD-Sofia presented a quarterly report for the First Quarter of 2024.
Source: BSE (02.05.2024)

The assets of Fibank (First Investment Bank) reached BGN 14.05 billion at the end of March The assets of Fibank (First Investment Bank) at the end of March reached BGN 14.05 billion, marking an increase compared to the end of last year by BGN 159 million. In terms of assets, "First Investment Bank" AD retains its place in the Bulgarian banking system. Deposits from other customers at the end of March amounted to BGN 11.56 billion, with a net increase for this year of BGN 68 million. And according to this indicator, the bank maintains its position among the first credit institutions in the country. Accounting equity amounts to BGN 1.49 billion and has increased by BGN 19 million since the beginning of the year. Receivables from customers by balance sheet value at the end of the first quarter totaled BGN 7.34 billion, with an increase of BGN 187 million compared to the end of last year, the bank reports. Fibank's net profit at the end of March was BGN 18.73 million. The total income from banking operations since the beginning of this year amounted to BGN 117.16 million (for the same period last year, the amount was BGN 125.44 million). The net interest income between January and March amounted to BGN 100.75 million and was an increase of BGN 16.89 million compared to the same period last year. The bank's net income from fees and commissions is BGN 37.44 million and is BGN 4.22 million higher than in the first quarter of 2023. As of the end of March, the total number of branches and offices of First Investment Bank AD in the country is 118, with 37 locations in Sofia and 81 in cities outside of Sofia. The number of branches and offices reflects adherence to the policy of synergy and maintaining optimal efficiency of the branch network, the bank states.
Source: Banker (09.05.2024)

CB First Investment Bank AD-Sofia (FIB) CB First Investment Bank AD appointed a regular General Meeting of Shareholders on 19 June 2024 at 11:00 am in Sofia at 5 Sveta Nedelya Square under the following agenda: - Individual and consolidated reports of the managing bodies on the company's activity in 2023 - Adoption of the 2023 individual and consolidated annual financial reports of the company - Reports of the registered auditor on the 2023 audit - Report of the Audit Committee on 2023 - Report of the Investor Relations Director on 2023 - Report of the Internal Audit Director on the 2023 activity - Release from liability of the members of the managing bodies for their activity in 2023 - Election of a registered auditor for 2024 - Re-election of the members of the Audit Committee and fixing their mandate to three (3) years - Amendments to the Statutes of the company - Financial result allocation decision Draft resolution: Allocation of the 2023 profit to the other general reserves - Determination of the remuneration to the members of the managing bodies - In the lack of quorum, the GMS will be held on 03 July 2024 at 11:00 am, same place and agenda. The voting right will be entitled to all shareholders registered with the central securities register fourteen (14) days before the GMS, i.e. by 05 June 2024 (Record Date). The final date for transacting shares of this company on the Exchange, so the shareholders are entitled to exercise their voting rights, will be 03 June 2024 (Ex Date: 04 June 2024).
Source: BSE (17.05.2024)