First Investment Bank AD
BBSEBG:FIB4.70
EUR
0.00
(0.00%)
First Investment Bank AD
BSEBG:FIB
(Bulgarian Stock Exchange)
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4.70
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ROIC.AI
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- Business
- First Investment Bank AD (Fibank) is a Bulgaria-based commercial bank that provides a comprehensive range of retail, corporate, and investment banking products and services to individual, small and medium-sized enterprise (SME), and institutional clients. Founded in 1993 and headquartered in Sofia, Bulgaria, the institution operates primarily in the domestic Bulgarian market, while maintaining regional international presence through a foreign branch in Cyprus and its wholly-owned subsidiary, First Investment Bank Albania Sh.a., in Albania. The company operates through three principal business segments: Retail Banking, Corporate Banking, and Treasury and Investment Services. Its retail banking offerings include residential mortgage loans, home improvement financing, green consumer loans, personal installment loans, and overdraft facilities; term deposits, demand deposit accounts, savings plans, and children's deposit accounts; debit, credit, and virtual cards under the Visa, Mastercard, and Diners Club brands, integrated with digital wallet technologies and loyalty reward programs; retail foreign exchange services; and a specialized product line in investment gold, numismatic coins, and precious metal trading and vault storage. Its corporate banking portfolio comprises working capital lines, structured corporate lending, investment loans, project finance, syndicated credits, and agricultural financing; trade finance services, including letters of credit, bank guarantees, and documentary collections; cash management, domestic and international payment processing via SWIFT and SEPA, liquidity management, factoring, payroll administration, and point-of-sale (POS) and virtual e-commerce merchant acquiring. The bank's treasury and investment division provides securities brokerage on the Bulgarian Stock Exchange and international financial markets, government and corporate bond dealing, currency and interest rate hedging instruments, money market operations, asset custody, and MiFID II-compliant investment services. These solutions are delivered through an extensive network of physical branches and automated teller machines, as well as digital channels anchored by the My Fibank web and mobile banking platform, which supports fully digital customer onboarding, biometric authentication, and electronic contract execution. In recent developments, First Investment Bank AD successfully completed a 310 million euro international capital market transaction, consisting of a 250 million euro bond issuance structured to comply with European Minimum Requirement for Own Funds and Eligible Liabilities (MREL) regulatory criteria and a 60 million euro Additional Tier 1 hybrid capital instrument to bolster its Tier 1 capital structure. In addition, the bank issued its inaugural standalone Sustainability Report aligned with European Sustainability Reporting Standards (ESRS) and accelerated its Environmental, Social, and Governance (ESG) product roadmap, introducing energy-efficiency mortgage programs, sustainable enterprise financing frameworks, and payment cards produced from recycled materials. The bank also advanced its digital transformation strategy by expanding end-to-end digital lending capabilities, remote identity verification, and contactless payment integrations within its core digital banking ecosystem.