First Investment Bank
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Bulgarian National Bank Releases New Gold Coin: Birth of Christ
National bank will release gold coin "Rozhdestvo Hristovo".
As of December 7, 2020, the Bulgarian National Bank will release a gold commemorative coin on the theme of "Rozhdestvo Hristovo" (Birth of Christ) from the series "Bulgarian Iconography". The price of the coin is 1300 BGN.
Bulgaria: Shares Prices of FiBank Down to Nearly BGN 1.80
The shares price of First Investment Bank (FiBank) fell to about BGN 1.80 per share, according to the trading data on the Bulgarian Stock Exchange.
Council of Ministers Approves Bulgarian Development Bank to Acquire Shares of Fibank
At a meeting in the Council of Ministers on June 12, the Government discussed a Draft Protocol Decision on actions taken by Bulgarian Development Bank AD (BDB) to acquire shares from the capital increase of First Investment Bank (FiBank).
Bulgarian State Acquires 26% of Fibank Due to ERM-2
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
Germany: Bulgaria Makes an Exclusive offer to Volkswagen
Bulgaria is ready to double the subsidies it offers in order to secure the contract for the new Volkswagen plant, the German daily Frankfurter Allgemeine Zeitung writes in an exclusive material. "We have found a way to offer the Volkswagen Group 250 to 260 million euros instead of 135 million euros," former head of state Rosen Plevneliev told F.A.Z.
Six Bulgarian Banks Rank in the Top 100 of the Largest Financial Institutions in Central and Eastern Europe
Six Bulgarian banks rank in the Top 100 of the largest financial institutions in Central and Eastern Europe. DSK, First Investment Bank and UBB are making significant progress in the ranking compared to last year. It is composed by RIA Rating Agency on the order of Russia's leading financial site Prime.
Bulgaria's Fibank has Secured EUR 130 Million to Prop up Capital
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.
The ECB Checks Whether Banks in Bulgaria Can Cope with External Risks
The ECB's assessment of six major banks working in the country has to show whether they can resist external as well as internal risks. Stress tests are already running and are due to the demand for Bulgaria to enter the Eurozone waiting room (ERM II mechanism) and the Banking Union, the 24-hour newspaper writes.
Banks in Bulgaria have Earned BGN 1.43 Billion in 2018
The assets of banks in Bulgaria are getting closer to the size of gross domestic product, and by the end of last year they are now equivalent to 97.8% of the country's economy.
The Austrian Company, which Built the Sofia Megapark, Acquired 40% of Kremikovtzi
The Austrian real estate investment company Soravia has acquired a "significant part" of the site of the former Kremikovtzi plant in Sofia. This is understood by a message from First Investment Bank to the Financial Supervision Commission and the Bulgarian Stock Exchange.