As a public company on the Bulgarian market, First Investment Bank with majority shareholders Tseko Minev and Ivaylo Mutafchiev, has realized the largest IPO to date in the entire history of the Bulgarian Stock Exchange (BSE).
Since the beginning of 2025, the bank's share price has increased by 20% and today is around 5.10 leva. That is why at the beginning of the year Fibank received the award for “The Most Liquid Issuer in the Premium and EUROBRIDGE Shares Segment on the Main Market of the Bulgarian Stock Exchange in 2024“
In 2024, First Investment Bank reported a profit before impairment of BGN 363.4 million. Its results were influenced by higher operating income from the activity and the strict credit risk management policies applied. Total income from banking operations increased to BGN 613.2 million (in 2023 they were BGN 563.9 million) with an increase in all main sources of income. Fibank's assets also grew by 13.4% to BGN 16,856 million, with Fibank retaining 5th place in the country on an individual basis with a market share of 8.22%.
Nikola Bakalov – Fibank's CEO states: “The data for the first quarter of 2025 show a clearly expressed growth trend, a stable capital position and high efficiency of operations. The bank not only maintains its strategic positions, but also shows readiness to take advantage of new market opportunities in a dynamic economic environment. First Investment Bank has sustainable growth in all key indicators: from profit, through assets, to loans and deposits. Fibank reports a growth in its net profit by as much as 165% to BGN 49.6 million as of the end of March this year, which is a significant result“.
Focusing on the bank's good financial results, the international rating agency Fitch Ratings has already confirmed the bank's ratings, maintaining a stable outlook.
As of today, Fibank is already offering its products and services directly in Greece, which is one of the country's leading foreign trade partners. In this way, Fibank, as the largest bank with Bulgarian capital, continues to successfully compete with large international financial groups.
Fibank's presence in foreign markets is not something new for the bank. For many years, First Investment Bank has had its own branch in Cyprus and a subsidiary bank in Albania. Fibank does not hide its ambitions to enter other European markets after Greece. Which ones they will be - remains to be seen by the end of 2025.