List of banks in Bulgaria explained

Typically for Eastern European countries, Bulgarian banking sector is characterized by relatively small size, small number of banks with wide business focus, high degree of concentration and high share of foreign capital.

The most commonly used ratio to measure the size of a banking sector, namely the ratio of consolidated banking assets to gross domestic product, for Bulgaria shows that its banking sector is roughly the same size as its national economy (the ratio is 107.09%). Most of the banks operating in Bulgaria are universal banks providing products and services in retail and corporate banking. Although there are no pure direct banks in Bulgaria, all banks offer their services via the Internet. There are also several digital-first banks that offer their services mainly online. Bulgaria is also part of the Single Euro Payments Area (SEPA) and TARGET systems.

Since 1 October 2020 Bulgaria is part of European Banking Union and since 10 July 2020 it is participant into ERM II Mechanism, a step before adopting the Euro as a national currency.

The following is a list of banks in Bulgaria.

Central bank

• Bulgarian National Bank

Development banks

• Bulgarian Development Bank

Commercial banks

Аll amounts are in BGN thousand.

Rank(2024)	Name	SWIFT (BIC)	Assets Mar 2023^[1]	Assets Jun 2023^[2]	Assets Sep 2023^[3]	Assets Dec 2023^[4]	Assets Mar 2024^[5]	Shareholders - over 10% (Mar 2024)
1.	United Bulgarian Bank	UBBSBGSF	17 784 341	31 372 505	32 535 403	34 041 583	34 676 690	KBC BANK N.V., Kingdom of Belgium – 99,96%
2.	DSK Bank	STSABGSF	30 418 500	30 569 370	31 071 709	32 773 713	33 541 571	OTP Bank RT, Hungary – 99.92%
3.	UniCredit Bulbank	UNCRBGSF	30 402 869	29 944 342	30 828 060	32 124 499	32 651 025	UNICREDIT S.P.A., Republic of Italy – 99.45%
4.	Eurobank Bulgaria (Postbank)	BPBIBGSF	16 985 023	17 775 858	18 336 093	19 389 819	20 073 514	Eurobank Ergasias S.A., Greece – 99,99%
5.	First Investment Bank (Fibank)	FINVBGSF	12 932 120	13 055 009	13 186 654	13 888 895	14 047 714	Tzeko Todorov Minev, Republic of Bulgaria – 27.33%Ivaylo Dimitrov Mutafchiev, Republic of Bulgaria – 27.33% Bulgarian Development Bank, Republic of Bulgaria - 18.35%
6.	Central Cooperative Bank	CECBBGSF	7 871 229	7 891 195	8 017 131	8 189 817	8 404 738	CCB Group EAD, Republic of Bulgaria – 61.05%
7.	ProCredit Bank, Bulgaria	PRCBBGSF	3 750 859	3 889 039	4 096 606	4 175 426	4 243 843	ProCredit Holding AG, Federal Republic of Germany – 100%
8.	Allianz Bank Bulgaria	BUINBGSF	4 116 950	3 763 962	3 916 914	3 945 650	4 066 706	Allianz Bulgaria Holding JSC, Republic of Bulgaria – 99.9%
9.	Investbank	IORTBGSF	2 991 420	2 862 274	3 016 658	3 164 646	3 288 191	Festa Holding JSC, Republic of Bulgaria – 83.8%Petia Ivanova Barakova-Slavova, Republic of Bulgaria – 10.68%
10.	TBI Bank	TBIBBGSF	2 282 477	2 433 944	2 663 458	2 906 515	3 102 841	TBIF Financial Services B.V., Kingdom of the Netherlands – 100%
11.	Bulgarian-American Credit Bank	BGUSBGSF	2 676 504	2 521 852	2 398 432	2 790 176	2 880 758	CSIF JSC, Republic of Bulgaria – 45.67%LTBI HOLDINGS LLC, USA – 33.45%
12.	Bulgarian Development Bank	NASBBGSF	3 171 250	3 080 974	2 829 432	2 800 224	2 632 661	Ministry of Innovation and Growth, Republic of Bulgaria – 100%
13.	International Asset Bank	IABGBGSF	2 254 113	2 247 382	2 426 817	2 486 860	2 490 416	Dynatrade International Ltd, Republic of Bulgaria – 33%
14.	Municipal Bank PLC	SOMBBGSF	2 197 118	2 218 605	2 221 322	2 368 046	2 435 404	NOVITO OPPORTUNITIES FUND AGMVK, Principality of Liechtenstein – 96.51%
15.	D Commerce Bank	DEMIBGSF	1 512 964	1 762 674	1 744 060	1 660 030	2 240 672	Fuat Güven (Fuat Hyusniev Osmanov), Republic of Bulgaria – 55.52%FORTERA EAD, Republic of Bulgaria – 44.48%
16.	Citibank Europe, Bulgaria Branch	CITIBGSF	1 979 499	1 829 131	2 009 098	1 746 407	1 913 291	Citibank Europe Plc., Republic of Ireland – 100%
17.	ING Bank N.V., Sofia Branch	INGBBGSF	1 375 395	1 350 809	1 371 093	1 255 596	1 341 679	ING Bank N.V., Kingdom of the Netherlands – 100%
18.	BNP Paribas S.A. – Sofia Branch	BNPABGSX	859 273	861 723	768 516	728 392	678 282	BNP Paribas S.A., Republic of France – 100%
19.	Texim Bank	TEXIBGSF	581 830	599 154	608 090	645 410	630 154	Web Finance Holding AD, Republic of Bulgaria – 17.93%
20.	Tokuda Bank	CREXBGSF	464 937	467 168	473 680	485 465	498 475	Tokushukai Incorporated, Japan – 99.94%
21.	T.C. Ziraat Bank, Sofia Branch	TCZBBGSF	343 119	384 346	363 903	416 158	410 836	T.C. Ziraat Bankasi A.Ş., Ankara, Republic of Turkey – 100%
22.	Varengold Bank AG, Sofia Branch	VGAGBGSF	78 326	71 910	89 539	72 468	76 202	Varengold Bank AG, Federal Republic of Germany – 100%
23.	Bigbank AS, Bulgaria Branch	BIGKBGSF	15 307	15 177	16 820	20 906	23 397	Bigbank AS, Estonia – 100%

References

1. Web site: Banks of Bulgaria, Jan-Mar 2023 (BNB) .
2. Web site: Banks in Bulgaria, Apr-Jun 2023, BNB .
3. Web site: Banks in Bulgaria, Jul-Sep 2023, BNB .
4. Web site: Banks in Bulgaria - Oct to Dec 2023 .
5. Web site: Banks in Bulgaria, Jan - Mar 2024, BNB .