FIBank

The Bulgarian state and an anonymous party participated in the auction for 110 million securities, which allow raising 100 million euros from First Investment Bank - Fibank. The capital increase is a condition for Bulgaria to apply for the waiting room of the Eurozone - ERM-2.    Bulgaria's Minister of Economy Emil Karanikolov has confirmed the purchase, but did not specify in what form it was

Bulgaria's fourth largest lender First Investment Bank said on Friday it had already secured 130 million euros to prop up its capital after the European Central Bank found a 262.9 million euro shortfall, reports Reuters.

SOFIA, Bulgaria--(BUSINESS WIRE)--Fibank (First Investment Bank) has launched a program specially tailored for women in business, as a result of extensive research and discussions with experts and female entrepreneurs.

The French Societe Generale Banking Group is withdrawing from all countries in Central and Eastern Europe and is also selling its business in Bulgaria - Societe Generale Expressbank, Capital reported.

Мoody's Investors Service said on Tuesday it has assigned first time B1 long-term local and foreign currency deposit ratings to Bulgaria's First Investment Bank (Fibank), аccording to their website. 

The Bulgarian government has allowed the Finance Minister to end a contract with First Investment Bank (Fibank) under which the financial company received state aid to prevent a collapse.

The contract, approved by the European Commission, has been already fulfilled on behalf of Fibank, the cabinet notes in a press statement.

Bulgaria's First Investment Bank (Fibank) has repaid the BGN 1.2 B state aid, which was provided to the bank in June 2014.

The repayment was made in compliance with the plan approved by the European Commission in November 2014. The international rating agency Fitch confirmed the bank's ratings with Stable outlook.

Bulgaria's First Investment Bank has repaid over half of the BGN 1.2 B (EUR 600 M) deposit granted by the government as liquidity support amid a banking crisis last year.

The bank has repaid BGN 775 M of the debt, according to a statement posted on the Finance Ministry website.

FIBank has to repay the remaining BGN 450 M to the state by May 2016.

An international press freedom organization has sought to raise Bulgarian PM Boyko Borisov's awareness of instances of harassment of journalists working with an independent investigative website.

Rosen Nikolov, head of Bulgaria's Deposits Insurance Fund (DIF) had resigned, said the government press office.

The motives for the resignation are not given.