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First Investment Bank AD

Summary

Company ID (NIN)

831094393

Company owner / manager

  • Individuals
  • Others

Country

Bulgaria

Capital

110,000,000

Total assets

9,311,723,000

Net profit for the period

156,619,000

Report year

2018

Currency

BGN

Industry

Banking

General information

About First Investment Bank AD

First Investment Bank AD is a Bulgarian universal commercial bank, operating under the Fibank brand. The Bulgarian National Bank ranked it fourth in the country in terms of total assets as of Mar 31, 2019.


Last updated on June 12, 2019.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
Oct. 8, 1993
NIN
831094393
Tickers
5F4
Stock Exchange
Bulgarian Stock Exchange
ISIN
BG1100106050
Profile last updated
Nov. 15, 2019, 1:19 p.m.
Alternative names

    First Investment Bank JSC;
    Fibank;
    Parva Investitsionna Banka AD

History

    Oct 8, 1993 - First Investment Bank AD is established in Sofia, the capital of Bulgaria. On Oct 1, 1993 the Bulgarian National Bank (BNB) grants a license to First Investment Bank AD to provide banking services in Bulgaria.

    Sept 14, 1995 - The bank obtains a full banking license from BNB.

    Apr 16, 2003 - First Investment Bank AD sets up First Investment Finance B.V., located in Amsterdam, the Netherlands.

    May 2005 - First Investment Bank AD acquires a 80% stake in credit card operator Diners Club Bulgaria AD. Later in 2007, following a capital increase in the subsidiary, the bank increases its stake to 85.52%.

    Apr 19, 2006 - First Investment Bank AD establishes Tirana-based First Investment Bank - Albania Sh.a. On June 27, 2007 the Bank of Albania issues a full bank license to First Investment Bank - Albania Sh.a.

    June 18, 2007 - First Investment Bank AD lists on the Bulgarian Stock Exchange.

    Dec 27, 2007 - Bulgarian First Financial Brokerage House OOD sells a 6.72% stake in the bank to UK-based tour operator Balkan Holidays Ltd.

    Oct 15, 2008 - Balkan Holidays Ltd. sells its 6.72% stake in First Investment Bank AD to Rafaela Consultants Limited and Domenico Ventures Limited, both based on the British Virgin Islands.

    October 2010 - First Investment Bank AD acquires a 51.7% stake in the Bulgarian Health Insurance Fund Fi Health AD.

    November 2010 - First Investment Bank AD acquires a 100% stake in the British Virgin Islands company Framas Enterprises Limited.

    2013 - The bank establishes three local subsidiaries - Creative Investment EOOD, Turnaround Management EOOD and Lega Solutions EOOD.

    Aug 15, 2013 - First Investment Bank AD acquires a 100% stake in local MKB Unionbank EAD from Hungarian MKB Zrt and changes its name to Unionbank EAD.

    Mar 4, 2014 - First Investment Bank AD takes over its wholly owned subsidiary Unionbank EAD, which ceases to exist as a separate legal entity.


     

    Last updated on June 12, 2019.

Management

Supervisory Board
Evgeni Krastev Lukanov
Chairman of the Board
Maya Lyubenova Georgieva
Deputy-Chairman of the Board
Yordan Velichkov Skorchev
Member of the Board
Jyrki Ilmari Koskelo
Member of the Board
Georgi Dimitrov Mutafchiev
Member of the Board
Radka Veselinova Mineva
Member of the Board
Board of Directors and Executives
Nedelcho Vasilev Nedelchev
Chairman of the Board and CEO
Zhivko Ivanov Todorov
Member of the Board
Nadya Vasileva Koshinska
Member of the Board
Chavdar Georgiev Zlatev
Member of the Board
Svetozar Aleksandrov Popov
Member of the Board

Contacts

Address
37, Dragan Tsankov Blvd.
1797
Sofia, Bulgaria
Telephones

+359 2 817 11 00
+359 800 11 011
+359 2 9 100 100

Fax

N/A

Emails

call@fibank.bg

Websites
www.fibank.bg

Ownership

Name Direct holding Indirect holding Owner type Country
Individuals 85.0 Individual
Others 15.0 Other

Subsidiaries and affiliates

Name Direct holding Indirect holding Country
Creative Investment EOOD 100.0 Bulgaria
Turnaround Management EOOD 100.0 Bulgaria
Lega Solutions EOOD 100.0 Bulgaria
First Investment Bank - Albania Sh.a. 100.0 Albania
First Investment Finance B.V. 100.0 Netherlands
Diners Club Bulgaria AD 94.79 Bulgaria
Debita OOD 70.0 Bulgaria
Realtor OOD 51.0 Bulgaria
Balkan Financial Services EOOD 100.0 Bulgaria
Health Insurance Fund FI Health AD 59.1 Bulgaria
AMC Real Estate EOOD 100.0 Bulgaria

Products and services

First Investment Bank AD's product portfolio includes services to:

  • Individual clients:
    • Loans, including consumer, mortgage and energy efficiency loans, as well as overdrafts;
    • Credit and debit cards;
    • Deposits;
    • Current and saving accounts;
    • Money transfers;
    • Currency exchange;
    • Online banking;
    • Utility bill payment services;
    • Investment schemes.
  • Small and medium enterprises and corporate clients:
    • Loans, including investment and working capital loans, capital and money market financing and financing under EU programmes;
    • Deposits;
    • Debit and credit cards;
    • Current and saving accounts;
    • Money transfer;
    • Documentary services;
    • Online banking;
    • Investment schemes;
    • Mobile consultancy and banking services.
  • Institutional clients:
    • Financing to municipalities;
    • EU programmes and project;
    • Accounts;
    • Online banking;
    • Project financing.

Capacity

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Access 800,000+
basic

Basic profiles include:

  • General information
  • Contacts
  • Management
  • Ownership
  • Employment
  • Financial Information & Key Financial Ratios
and 4,000+
premium

Additionaly to the content in basic profiles, premium profiles include:

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