First Investment Bank

Stock performance

History

First Investment Bank, commonly known as Fibank, was founded shortly after Bulgaria's post-communist transition began and grew into one of the country's largest domestically owned banks, notable for remaining under Bulgarian private ownership even as many other major Bulgarian banks were acquired by larger Western European banking groups.

Business model

Fibank provides retail, corporate, and investment banking services across Bulgaria, operating as one of the country's few major banks to remain under predominantly domestic Bulgarian ownership rather than foreign banking-group control.

Market position

Fibank is one of the largest banks in Bulgaria, competing with foreign-owned banks including UniCredit Bulbank and DSK Bank (part of Hungary's OTP) in a Bulgarian banking sector where most large institutions are foreign controlled.

Country impact

Fibank is one of the largest and most significant domestically owned financial institutions in Bulgaria, notable for its Bulgarian ownership in a banking sector otherwise substantially dominated by foreign, mostly Western European, banking groups.