Latest news with #Fibank
Associated Press
3 days ago
- Business
- Associated Press
Fibank Successfully Places €50 Million Bond Issue
SOFIA, Bulgaria, Aug. 18, 2025 /PRNewswire/ -- Fibank (First Investment Bank) has successfully placed a private bond issue with a total value of €50 million, fully compliant with MREL requirements. Although the Bank already meets all regulatory MREL standards, this issuance represents a strategic step that reinforces its stability, investor confidence, and ability to secure funding under competitive market conditions. The bonds attracted strong demand from investors, including institutional ones, with subscriptions exceeding the offering—clear evidence of the high trust placed in Fibank and its development strategy. Bondholders will receive a fixed annual coupon of 7%, with maturity in August 2029. The issue is expected to be listed on a regulated market within six months of issuance. The bonds are interest-bearing, dematerialized, non-convertible, unsecured, senior, unsubordinated, and freely transferable, issued under offering terms that do not require a prospectus. 'This is the largest bond in Bulgaria issued by a locally owned bank to date, once again confirming the stability and growth prospects of First Investment Bank. The proceeds will support the implementation of our development strategy in the retail and SME areas, further strengthening our position as one of the leaders in the Bulgarian banking sector,' commented Mr. Nikola Bakalov, Chief Executive Officer and Chairman of the Management Board of Fibank. The strong interest in Fibank's bond issue reflects the Bank's excellent performance in recent years. As of the end of Q2 2025, Fibank ranks fifth in the Bulgarian banking system by assets, with BGN 15.8 billion. By mid-year, the Bank reported a 169% increase in profit, reaching BGN 110 million. Its market positions continue to strengthen, with the most significant growth observed in retail banking. Logo - View original content: SOURCE Fibank (First Investment Bank)
Yahoo
01-07-2025
- Business
- Yahoo
Fibank enters the Greek market with irresistible offers
SOFIA, Bulgaria, July 1, 2025 /PRNewswire/ -- Fibank (First Investment Bank), the largest Bulgarian-owned bank, is expanding its regional presence by directly offering services in the Republic of Greece. Through the My Fibank mobile application, Greek citizens may now use a range of popular products such as current accounts, term deposits, debit cards and banking packages, at very attractive terms. My Fibank packages come in 3 types: Basic, Standard and Premium, with the Basic one having no monthly service fee. Each of them includes different options, such as: current accounts with no maintenance fee, featuring 1% annual interest rate for EUR accounts; virtual international Visa Debit cards with no maintenance fee. Optionally, additional plastic cards may be delivered to an address in Greece; free ATM withdrawals in Greece and within the European Economic Area; unlimited, free outgoing SEPA Instant transfers in EUR; cashback rewards programs on debit cards. Fibank also does not charge fees for incoming credit transfers in EUR from the European Economic Area. Deposits offered through My Fibank for the Greek market have extremely attractive interest rates and a term of 24 or 36 months, emphasizing the bank's desire for long-term customer relationships. All funds on current accounts and deposits kept with the bank are guaranteed by the Bulgarian Deposit Insurance Fund. Fibank is among the leading Bulgarian banks and has a 32-year history. Over that period, it has established itself as a sound financial group, with main activity in the Republic of Bulgaria and regional presence in Cyprus, Albania, and now Greece. Fibank is an innovative institution, popular with retail and business customers alike, and a pioneer in high-tech solutions and digital banking. Logo: View original content: SOURCE Fibank (First Investment Bank)
