First Investment Bank JSC - Sofia - Short Company profile

As of December 31, 2025, 23 banks operate in the banking sector of Bulgaria, 6 of which are branches of foreign credit institutions. In January 2026, Bulgarian-American Credit Bank AD (BACB) finalized the acquisition of Tokuda Bank AD. On February 13 of this year, the European Central Bank issued approval for the acquisition by the private equity fund Advent International (through its subsidiary Bago (Luxembourg) S.a.r.l.) of a majority stake in TBI Bank EAD from 4finance Holding S.A. The deal was finalized on March 2, 2026. Total assets of the banking system as of December 31, 2025 amounted to EUR 116.1 billion, recording an increase of 8.07% compared to September 30, 2025. The share of the five largest banks based on total assets in the banking system amounted to 76.30% as of December 31, 2025, with no change in their positions compared to September 30 of the same year. United Bulgarian Bank AD retains the leading position with assets of EUR 22.8 billion or 19.60% market share, marking a growth of 6.34% in assets compared to September 30, 2025. DSK Bank AD retains second position with 18.93% market share and growth in assets of 9.07% compared to the end of the first nine months of 2025. UniCredit Bulbank AD remains in third position with a market share of 18.07% and growth in assets of 5.96% compared to September 30, 2025. The fourth and fifth positions are occupied, respectively, by Eurobank Bulgaria AD and First Investment Bank AD. The net profit of the banking system recorded a decrease of 1.81%, reaching EUR 1.9 billion for 2025. DSK Bank AD again occupies the top position with a profit of EUR 513 million or a 27.65% share of the sector's profits for last year, reporting a profit growth of 2.76% compared to the same period in 2024. UniCredit Bulbank AD is in second position in terms of profit share in the sector, namely 24.89%, reporting a decrease of 4.65% and registering a profit of EUR 462 million for 2025 compared to EUR 484 million for 2024. United Bulgarian Bank AD recorded a 1.15% decrease in its profit compared to the same period in 2024, reaching EUR 251 million for 2025 and remaining in third position with a 13.52% share in the sector's profits. Eurobank Bulgaria AD retained the fourth position with a profit of EUR 227 million and a market share of 12.23% for 2025, reporting a growth of 7.67% compared to the same period in 2024. In fifth position is First Investment Bank AD with a profit of EUR 84 million, recording a significant increase in its profit of 32.67% compared to the same period in 2024. Net fee and commission income (calculated on the basis of Fee and commission income - Fee and commission expense) for the sector for 2025 amounts to EUR 912 million, marking a growth of 10.11% compared to EUR 828 million for 2024. DSK Bank AD retains first position with a growth of 10.70%, reporting net fee and commission income of EUR 204 million for 2025. UniCredit Bulbank AD occupies the second position with net fee and commission income of EUR 178 million, representing 19.57% of total income in the sector, marking a growth of 10.68% compared to the previous year. In third position in terms of net income from fees and commissions for 2025 remains United Bulgarian Bank AD with income of EUR 160 million, marking an increase of 8.55% compared to the previous year. First Investment Bank AD remains in fourth position with net income from fees and commissions of EUR 89 million and a 5.73% increase compared to 2024. Fifth position continues to be occupied by Eurobank Bulgaria AD with net income from fees and commissions of EUR 78 million, marking an increase of 12.57% compared to 2024.