List of banks in Bulgaria
Encyclopedia
Commercial Banks
| Rank | Name | Assets 04/2007 | Assets 12/2009 | Employees 04/2007 | BSE Market Capitalization | Owners |
|---|---|---|---|---|---|---|
| 1. | UniCredit Bulbank Bulbank UniCredit Bulbank is the largest bank of Bulgaria. Before 1994, the bank was known as the Bulgarian Foreign Trade Bank or BFTB. UniCredit Bulbank was formed in 2007 as a merger between Bulbank, Biochim, and Hebros Bank, all of them owned by the UniCredit Group.-History:Bulbank's prototype, the... |
$5.0 bln. | 11.518 bln. BGN ($7.290 bln.) | 4000 | UniCredit UniCredit UniCredit SpA is an Italy-based, pan-European banking organization, with aprox 40 million customers and operations in 22 countries.- Geography :... Group, Italy |
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| 2. | DSK Bank DSK Bank DSK Bank is a major Bulgarian bank. It has been owned by the Hungarian OTP Bank since 2003, being transformed into a joint-stock company in 1999, and was founded in 1951 as the country's savings bank.... |
$4.0 bln. | 8.739 bln. BGN ($5.53 bln.) | OTP Group, Hungary | ||
| 3. | United Bulgarian Bank United Bulgarian Bank United Bulgarian Bank is a Bulgarian bank founded in 1992 through the merger of 22 regional banks, marking the first and most large-scale consolidation in Bulgarian banking... |
$3.0 bln. | 8.152 bln. BGN ($5.16 bln.) | National Bank of Greece (NBG), Greece | ||
| 4. | Raiffeisenbank Bulgaria Raiffeisenbank Bulgaria Established in 1994 under the Bulgarian Law on Banking and Credit Activities, Raiffeisenbank EAD is fully licensed for operations in Bulgaria and abroad. Raiffeisenbank is a universal bank, providing a full range of banking products and services to large corporate customers, small and medium-sized... |
$2.6 bln. | 6.641 bln. BGN ($4.20 bln.) | Raiffeisenbank, Austria | ||
| 5. | Eurobank EFG | $1.9 bln. (Postbank) + $690 mln. (DZI Bank) | 6.026 bln. BGN ($3.81 bln.) | EFG Eurobank, Greece. Eurobank EFG Bulgaria was formed in November 2007 as a merger between Eurobank EFG-owned Postbank and DZI Bank. | ||
| 6. | First Investment Bank First Investment Bank First Investment Bank , founded on 8 October 1993, is the seventh largest Bulgarian bank . The bank is the mother bank of a financial group on the Balkans - it has a branch in Albania with 10 offices, one in Cyprus, as well as a subsidiary bank in Macedonia... |
$2.1 bln. | 4.096 bln. BGN ($2.59 bln.) | 1586 | public (IPO in 05/2007) | Ivaylo Mutafchiev - 31.83%, Tseko Minev - 31.83%, First Financial Brokerage House - 13.89%, Legnano Enterprice Limited - 8.45%, Domenico Ventures Limited - 7%, Rafaela Consultance Limited - 7% |
| 7. | Piraeus Bank Bulgaria | $1.05 bln. | 3.625 bln. BGN ($2.29 bln.) | Piraeus Bank Group, Greece | ||
| 8. | Societe Generale Expressbank | $830 mln. | 2.889 bln. BGN ($1.82 bln.) | Société Générale Société Générale Société Générale S.A. is a large European Bank and a major Financial Services company that has a substantial global presence. Its registered office is on Boulevard Haussmann in the 9th arrondissement of Paris, while its head office is in the Tours Société Générale in the business district of La... , France |
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| 9. | Alpha Bank | 2.241 bln. BGN ($1.42 bln.) | Alpha Bank AE, Athens, Greece − 100% | |||
| 10. | Corporate Commercial Bank | $670 mln. | 2.036 bln. BGN ($1.28 bln.) | public (IPO in 05/2007) | Bromak LTD − 57.29%, Bulgarian Acquisition Company II S.A.R.L − 30% | |
| 11. | Economic and Investment Bank | $920 mln. | 1.920 bln. BGN ($1.21 bln.) | ? | $440 mln. | KBC BANK N.V. − 100% |
| 12. | Central Cooperative Bank Central Cooperative Bank Central Cooperative Bank , founded on 28 March 1991 is a universal commercial bank, belonging to the financial structure of CCB Group. Together with the remaining companies, the Bank comprises the full array of products and services in the field of financial intermediation, with an emphasis on SME... |
$750 mln. | 1.839 bln BGN ($1.16 bln.) | ? | $370 mln. | CCB Group EAD 68.20%, Unicredit Bank Austria AG - 4.83%, Armeec Insurance Company JSC - 4.51%, Chimimport JSC - 2.88% |
| 13. | Allianz | 1.635 bln. BGN ($1.03 bln.) | Allianz Bulgaria Holding Ltd. − 79.895% | |||
| 14. | MKB Unionbank | $400 mln. | 1.631 bln. BGN ($1.03 bln.) | MKB Bank, Hungary − 94% | ||
| 15. | ibank Investbank Bulgaria | 1.019 bln. BGN ($645 mln.) | Festa Holding − 73.84%, Petya Ivanova Barakova−Slavova − 19.27% | |||
| 16. | ProCredit Bank | 1.015 bln. BGN ($643 mln.) | ProCredit Holding AG − 80.29%, Commerzbank AG − 19.71% | |||
| 17. | Bulgarian Development Bank | 902.923 mln. BGN ($571 mln.) | Ministry of Finance − 99.999% | |||
| 18. | Municipal Bank PLC | $827.547 mln. BGN ($523 mln.) | Sofia Municipality − 67% | |||
| 19. | Bulgarian American Credit Bank | 814.824 mln. BGN ($516 mln.) | Allied Irish Banks p.l.c. − 49.99%, Gramercy Emerging Markets Fund − 30.92%, public: Bulgarian American Enterprise Fund (BAEF), USA | |||
| 20. | International Asset Bank | 525.797 mln. BGN ($332 mln.) | Dynatrade International − 25.51% | |||
| 21. | Emporiki Bank | 484.848 mln. BGN ($306 mln.) | Commercial Bank of Greece, Athens − 100% | |||
| 22. | ING | 473.394 mln. BGN ($300 mln.) | Sole shareholder: ING Group N. V./4972 | |||
| 23. | BNP Paribas | 438.620 mln. BGN ($277 mln.) | BNP Paribas S.A., Paris, France − 100% | |||
| 24. | D Commerce Bank | 346.006 mln. BGN ($218 mln.) | Fuat Gyuven (Fuat Hyusniev Osmanov) − 100% | |||
| 25. | Tokuda Bank AD | 333.489 mln. BGN ($211 mln.) | International Hospital Services Co. − 90.71% | |||
| 26. | NLB Bank Sofia | 206.435 mln. BGN ($130 mln.) | Nova Ljubljanska Banka, Slovenia − 97.01% | |||
| 27. | Texim Private Entrepreneurial Bank - Teximbank Teximbank Teximbank is the oldest operating private bank in Bulgaria. It was created by Georgi Naydenov, a famous Bulgarian businessman, who brought economic prosperity to Bulgaria by creating the state-owned economic group Texim in the 1960s and 1970s.... |
60.925 mln. BGN ($38 mln.) | Paton Аnstalt − 27.33%, Pavlina Georgieva Naydenova − 17.53% | |||
| 28. | T. C. Ziraat Bank, Sofia Branch | 39.388 mln. BGN ($24 mln.) | T. C. Ziraat Bank, Ankara − 100% | |||
| 29. | Regional Investment Bank Bulgaria | 1.922 mln. BGN ($1.22 mln.) | Regional Investment Bank, Lithuania − 100% |
Branches of Foreign Banks
As of 2010, there are a total is six foreign banks operating in Bulgaria via registered branches.In addition, a total of 170 banks licensed elsewhere in the European Union have sent notifications to carry out activities on a cross-border basis in Bulgaria.
- ING Bank N.V. – Sofia Branch
- BNP ParibasBNP ParibasBNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...
S.A. - Sofia Branch - Alpha BankAlpha BankAlpha Bank is the second largest bank in Greece with 450 branches throughout the country. It also has a subsidiary and branch in London, and branches and subsidiaries throughout the Balkans . Founded in 1879, it has been controlled by the Costopoulos family since the very beginning...
S.A. - Bulgaria Branch - CitibankCitibankCitibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York...
N.A. - Sofia Branch - T.C. Ziraat Bankasi - Sofia Branch
- Regional Investment Bank – Bulgaria Branch
External links
- http://www.investor.bg/?cat=5&id=46630 Ranking of Bulgarian banks for 2007.
- http://www.investor.bg/?cat=85&id=47262 Assets of Bulgarian banks for 2007.
- http://financebg.com/?act=showarticles&more=17113 Assets of Bulgarian banks in 2008.
- http://www.investor.bg/?id=49994 Investbank goes public.