List of banks in Bulgaria

The following list of banks in Bulgaria is to be understood within the framework of the European single market and European banking union, which means that Bulgaria's banking system is more open to cross-border banking operations than peers outside of the EU.

Policy framework

European banking supervision, which Bulgaria joined in 2020 in anticipation of its euro adoption in early 2026, distinguishes between significant institutions (SIs) and less significant institutions (LSIs), with SI/LSI designations updated regularly by the European Central Bank (ECB). Significant institutions are directly supervised by the ECB using joint supervisory teams that involve the national competent authorities (NCAs) of individual participating countries. Less significant institutions are supervised by the relevant NCA on a day-to-day basis, under the supervisory oversight of the ECB.[1] In Bulgaria's case, the NCA is the Bulgarian National Bank.[2]

Significant institutions

As of 1 September 2025, the ECB had one Bulgarian bank in its list of significant institutions:[3]

Of the four largest banks in Bulgaria, the other three are subsidiaries of euro-area banking groups (see detailed list below):

Less significant institutions

As of 1 September 2025, the ECB's list of supervised institutions included 17 Bulgarian LSIs.[3]

High-impact LSIs

Of these, three were designated by the ECB as "high-impact" on the basis of several criteria including size:

Other LSIs

The 14 other Bulgarian LSIs were as follows:

  • Allianz Bulgaria Holding AD, subsidiary of Allianz
    • Allianz Bank Bulgaria AD, owned by Allianz Bulgaria Holding
  • Bulgarian-American Credit Bank AD (BACB)
    • Tokuda Bank AD, acquired by BACB from Tokushukai Group[4]
  • Central Cooperative Bank AD, controlled by Invest Capital
  • D Commerce Bank AD
  • International Asset Bank AD
  • Festa Holding AD, holding entity of Investbank
    • Investbank AD
  • Municipal Bank AD, owned by Liechtenstein-based Novito Opportunities Fund AGmvK
  • ProCredit Bank (Bulgaria) EAD, subsidiary of ProCredit Holding
  • TBI Financial services BV, Dutch holding entity of TBI Bank
  • Texim Bank AD

Third-country branches

As of 13 October 2025, one banking group established outside the European Economic Area had a branch in Bulgaria:[6]

Detailed information

Аll amounts are in EUR thousand.

Rank

(2025)

Name SWIFT (BIC) Assets Sep 2024[7] Assets Dec 2024[8] Assets Mar 2025[9] Assets Jun 2025[10] Assets Sep 2025[11] Shareholders - over 10% (Sep 2025)[11]
1. United Bulgarian Bank UBBSBGSF 18 237 806 19 154 343 19 637 970 20 519 594 21 395 736 KBC BANK N.V., Kingdom of Belgium – 99,96%
2. DSK Bank STSABGSF 18 028 237 18 642 191 19 088 626 19 346 212 20 155 395 OTP Bank RT, Hungary – 99.92%
3. UniCredit Bulbank UNCRBGSF 16 773 742 17 842 478 18 501 413 18 993 170 19 792 015 UNICREDIT S.P.A., Republic of Italy – 99.45%
4. Eurobank Bulgaria (Postbank) BPBIBGSF 10 690 521 11 533 737 12 072 011 12 440 646 12 736 309 Eurobank Ergasias S.A., Greece – 99,99%
5. First Investment Bank (Fibank) FINVBGSF 7 513 740 8 044 392 8 125 986 8 095 021 8 415 791 Ivaylo Dimitrov Mutafchiev, Republic of Bulgaria – 27.33%

Tzeko Todorov Minev, Republic of Bulgaria – 27.33%

Bulgarian Development Bank, Republic of Bulgaria - 18.35%

6. Central Cooperative Bank CECBBGSF 4 510 719 4 644 155 4 738 519 4 817 541 5 062 836 CCB Group EAD, Republic of Bulgaria – 61.05%
7. ProCredit Bank, Bulgaria PRCBBGSF 2 289 757 2 345 447 2 368 811 2 467 144 2 554 936 ProCredit Holding AG, Federal Republic of Germany – 100%
8. Allianz Bank Bulgaria BUINBGSF 2 116 781 2 253 580 2 359 875 2 301 966 2 417 709 Allianz Bulgaria Holding JSC, Republic of Bulgaria – 99.9%
9. TBI Bank TBIBBGSF 1 714 353 1 788 289 1 863 195 1 940 247 2 062 793 TBIF Financial Services B.V., Kingdom of the Netherlands – 100%
10. Investbank IORTBGSF 1 742 303 1 784 077 1 852 677 1 934 756 1 945 738 Festa Holding JSC, Republic of Bulgaria – 83.8%

Petya Ivanova Barakova-Slavova, Republic of Bulgaria – 10.68%

11. International Asset Bank IABGBGSF 1 437 750 1 421 632 1 562 598 1 568 332 1 754 253 Dynatrade International Ltd, Republic of Bulgaria – 33%
12. Bulgarian Development Bank NASBBGSF 1 488 587 1 609 613 1 629 780 1 620 762 1 644 429 Ministry of Finance, Republic of Bulgaria – 100%
13. Bulgarian-American Credit Bank BGUSBGSF 1 376 997 1 407 074 1 548 136 1 451 124 1 427 501 CSIF JSC, Republic of Bulgaria – 45.67%

LTBI HOLDINGS LLC, USA – 33.45%

14. Municipal Bank PLC SOMBBGSF 1 314 831 1 269 584 1 382 290 1 427 727 1 397 101 NOVITO OPPORTUNITIES FUND AGMVK, Principality of Liechtenstein – 96.51%
15. D Commerce Bank DEMIBGSF 1 099 886 1 105 755 1 150 902 1 121 162 1 179 889 Fuat Güven (Fuat Hyusniev Osmanov), Republic of Bulgaria – 55.52%

FORTERA EAD, Republic of Bulgaria – 44.48%

16. Citibank Europe, Bulgaria Branch CITIBGSF 1 015 431 1 048 158 1 155 429 1 136 935 1 101 916 Citibank Europe Plc., Republic of Ireland – 100%
17. ING Bank N.V., Sofia Branch INGBBGSF 690 612 729 646 679 132 678 907 861 370 ING Bank N.V., Kingdom of the Netherlands – 100%
18. Texim Bank TEXIBGSF 348 219 353 195 360 963 380 482 413 309 Web Finance Holding AD, Republic of Bulgaria – 16.64%
19. BNP Paribas S.A. – Sofia Branch BNPABGSX 308 929 358 452 300 753 323 966 399 924 BNP Paribas S.A., Republic of France – 100%
20. T.C. Ziraat Bank, Sofia Branch TCZBBGSF 226 128 246 433 244 421 274 242 296 514 T.C. Ziraat Bankasi A.Ş., Ankara, Republic of Turkey – 100%
21. Tokuda Bank CREXBGSF 261 215 264 067 262 982 261 612 257 106 Tokushukai Incorporated, Japan – 100%
22. Varengold Bank AG, Sofia Branch VGAGBGSF 60 875 82 003 95 664 95 948 98 801 Varengold Bank AG, Federal Republic of Germany – 100%
23. Bigbank AS, Bulgaria Branch BIGKBGSF 16 403 23 762 29 825 34 059 38 406 Bigbank AS, Estonia – 100%

Defunct banks

The first modern credit institution in what is now Bulgaria was the Plovdiv branch of the Imperial Ottoman Bank, in activity from 1878 to 1899. A number of former Bulgarian banks, defined as having been headquartered in present-day Bulgarian territory, are documented on Wikipedia. They are listed below in chronological order of establishment.

  • Girdap (1881-1925)
  • Bulgarian Commercial Bank (1895-1947)
  • Bulgarian Postal Savings Bank (1895-1951)
  • Bulgarian Popular Banks (1903-1952)
  • Bulgarian Agricultural Bank (1904-1934)
  • Bulgarian Central Cooperative Bank (1910-1934)
  • Macedonian Cooperative Bank (1925-1947)
  • Commercial Credit Bank (1929-1947)
  • Macedonian National Bank (1929-1947)
  • Bulgarian Agricultural and Cooperative Bank (1934-1947)
  • Bulgarian Credit Bank (1934-1948)
  • Bulgarian Investment Bank (1947-1967)
  • Bulgarian Agricultural and Commercial Bank (1969-1971)
  • Bulgarian Industrial Bank (1969-1971)
  • Unionbank (1991-2014)
  • Expressbank (1993-2020)
  • Piraeus Bank Bulgaria (1993-2019)
  • Corporate Commercial Bank (1994-2014)
  • Raiffeisenbank Bulgaria (1994-2022)

See also

References

  1. ^ "What are less significant institutions?". European Central Bank. 2 August 2024.
  2. ^ "Members and Observers". European Banking Authority. Retrieved 19 November 2025.
  3. ^ a b List of supervised entities - Cut-off date for changes in group structures: 1 September 2025 (PDF), European Central Bank, 24 October 2025
  4. ^ Martin Lekov (3 December 2025). "Bulgarian Central Bank Clears Acquisition of Tokuda Bank by Bulgarian-American Credit Bank". Bulgarian News Agency.
  5. ^ "ECB grants preliminary authorisation for acquisition of Bulgaria's TBI Bank". 14 February 2026.
  6. ^ "The EBA updates list of third-country groups and branches operating in the European Union and the European Economic Area", European Banking Authority, 13 October 2025
  7. ^ "Banks in Bulgaria: Jul - Sep 2024, BNB" (PDF).
  8. ^ "Banks in Bulgaria: Oct - Dec 2024, BNB" (PDF).
  9. ^ "Banks in Bulgaria: Jan - Mar 2025, BNB" (PDF).
  10. ^ "Banks in Bulgaria: Apr - Jun 2025, BNB" (PDF).
  11. ^ a b "Banks in Bulgaria - Jul - Sep 2025, BNB" (PDF).
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