After opening its first store in Bulgaria in the spring of 2023, BGK - the company behind the chain of small neighborhood stores Minimart, managed to reach over 150 stores by the end of 2024. The goal is now to double the number of stores, bringing the total number in the country to over 300. The expansion will be financed with 25 million euros, which it raised at the end of December through privately placed bonds. The bonds have a nominal value of 100 thousand euros and a maturity of 5 years, with the interest, which is 7.77%, paid twice a year. The issue will not be listed for trading on the Bulgarian Stock Exchange, which means that bondholders will likely hold the bonds until the end of the term. For 2023, BGK has revenues of 4.6 million leva. The company was founded in 2022 with a capital of 100 thousand. BGN, opening its first store the following year. The company ends 2023 with 41 locations, which increase to over 150 the following year. In 2024, revenues reach BGN 40 million. And the expectations are that in 2025, the turnover will increase to BGN 125 million. To start its business, the company negotiates a credit line from DSK Bank, with the report noting loans in the amount of about BGN 16 million. Now BGK will use the funds raised from the bond issue to refinance its obligations, with the remaining money being invested in increasing the number of locations. The company is in the sector of so-called convenience food stores - small locations with an area of ??between 50 and 120 sq m. The company operates on a franchise model with partners who are responsible for and manage the individual locations, but the products are loaded by BGK. Currently, the stores are located in 9 Bulgarian cities: Sofia, Plovdiv, Stara Zagora, Burgas, Pleven, Pernik, Pazardzhik, Asenovgrad and Novi Iskar. The issue was subscribed mainly by institutional investors in the person of Unicredit Bulbank (which is also the manager of the issue), Eurobank, the German Varengold Bank (which is associated with "Eurohold") and the fertilizer trader "KVS Agro - Bulgaria". The owners of BGK are Angel Angelov and Petar Dudolenski, who hold 100% (49% over 51% respectively) of the capital of "AP Capital", which has a share of just over 40%. Angel Angelov is known as a co-owner of the chicken meat producer "Gradus", the hospitals of "Acjabadem" in Bulgaria and the mall in the capital's "Lyulin" district, which he acquired together with Petar Dudolenski, Tencho Shikov and Stoyan Kolev in 2023. The other shareholders and investors in Minimart are Luxembourg-based Profi Investments (with director Rosen Hadzhiev), RSTX Capital (owned by Elvin Guri and Ralitsa Again-Guri) and Trinity Retail (owned by Tencho Shikov, known as an investor in Rompharma, retail parks and agricultural land). His company acquired 25,000 shares in BGK during a capital increase in December, which saw Angelov and Dudolenski lose their majority stake and become minority shareholders, at an issue price of 200 euros per share. With capital of 200,000 leva, divided into 200,000 shares with a par value of 1 leva, this would mean a valuation of around 40 million euros for BGK.
Source: Capital (24.01.2025)

The profit of banks in our country hit a new historical record - 3.7 billion lev Banks in Bulgaria report a historically record profit for 2024 - 3.7 billion BGN. This is 278 million BGN (8.1%) more than the previous record - 3.4 billion BGN for 2023. The leader in profits this year is the Hungarian-owned bank DSK Bank, which reports a positive financial result of 976 million BGN. However, this is a slightly lower achievement compared to last year, when DSK crossed the psychological threshold of one billion (1.006 billion BGN). In second position is the Italian UniCredit Bulbank, which recorded a significant increase in profit to 947 million BGN (against 807 million BGN in 2023). In third position in terms of profit is the largest bank in our country by assets, UBB, with 496 million BGN, which is a slight increase compared to 472 million BGN the previous year. Postbank reported a positive financial result of BGN 412 million, and FIBank - BGN 124 million. The good performance of the banks comes mainly from maintaining low (close to zero) interest rates on deposits, which allow for a good margin (compared to interest rates on loans) in favor of credit institutions. This is happening thanks to the huge liquidity in the banking system, wage growth and loose measures to limit lending by the Bulgarian National Bank (BNB). The net interest income of the banks during the year increased by BGN 720 million (14.9%) to BGN 5.6 billion at the end of December 2024. Net income from fees and commissions increased by BGN 145 million (9.9%) to BGN 1.6 billion. According to BNB data, the impairment charges for financial assets not measured at fair value through profit or loss are BGN 659 million for 2024, which is BGN 248 million (60.3%) more than in 2023.
Source: mediapool.bg (03.02.2025)

Top 3 banks in Bulgaria will distribute BGN 750 million in dividends The Bulgarian banking sector reported a record profit of 3.7 billion leva for 2024, but last year's peak of 1.1 billion leva in dividends will not fall. About 20% of the profit, or about 0.75 billion leva, will be distributed to shareholders, and 80% will be capitalized. DSK Bank will give the largest amount as a dividend for the second year in a row - 50% of the profit, but since it is slightly lower than that for 2023, the amount is slightly reduced to about 488 million leva. The leader in terms of assets - UBB, has the intentions of its Belgian owner KBC to bet on a similar strategy - distributing 50% of the profit, which makes about 248 million leva. UniCredit Bulbank, which distributed 65% of its profit a year ago, is pausing this year and will capitalize nearly BGN 950 million. Its result is stronger than last year's, and is also helped by an extraordinary dividend from its consumer credit subsidiary - in addition to its profit for 2023, it is transferring to the bank BGN 108 million of undistributed profit from previous years. With the dividends planned by DSK and UBB, the banking sector has distributed a total of BGN 7.5 billion in dividends since 2014, of which BGN 2.85 billion comes from DSK, and over BGN 2.5 billion from UniCredit Bulbank. UBB and Raiffeisenbank, which it acquired, are third with a total of BGN 1.2 billion.
Source: Capital (07.04.2025)

The largest banks by assets in Bulgaria Data from the Bulgarian National Bank (BNB) showed that the leader in terms of assets remains United Bulgarian Bank (UBB) in 2024. It took this position in the second quarter of 2023, after the merger with KBS Bank – the successor to Raiffeisenbank Bulgaria – was finalized. UBB consolidated its leadership position, reporting a 10% annual growth in assets to BGN 37.5 billion. The second position this year is again for DSK Bank, whose assets increased by over 11% to BGN 36.5 billion. Although it is still BGN 1 billion behind the leader, compared to the previous year, the bank, which is a subsidiary of the Hungarian OTP Bank, has managed to catch up nearly BGN 300 million of its lag. In third position this year is UniCredit Bulbank, which was the largest bank in Bulgaria for decades, but lost first place in 2022. By the end of 2024, its assets were estimated at 34.9 billion BGN and grew by 8.6% per year. Thus, the assets of the three largest banks in Bulgaria are already approaching 109 billion BGN – over 56% of the total assets of the system (191.6 billion BGN) and over 50% of the value of the entire Bulgarian economy in 2024 (202 billion BGN according to preliminary data). The fourth in terms of asset value is Postbank. It is it that also reports the largest increase – over 16% to 22.6 billion BGN. In fifth place is the largest bank with predominantly Bulgarian ownership – First Investment Bank (FIB) – with assets worth 15.8 billion BGN. Thus, the banks in the Top 5 manage assets that are estimated at nearly 77% of the entire banking system and 73% of the country's economy. Central Cooperative Bank (CCB) occupies the sixth position with assets of 9 billion leva. Seventh place goes to ProCredit Bank, which reports some of the largest growth for the year in the business segment. Allianz Bank occupies the eighth position, and the only shift in the top 10 is at tbi bank, which managed to attract attention with its significantly higher interest rates on deposits - a policy that helped it attract resources with which to accelerate lending. With this approach, at the end of 2023, the bank entered the top 10 by assets in Bulgaria, and at the end of 2024 it is already ninth with assets of 3.5 billion leva. The last bank in the top 10 is another one with Bulgarian ownership and a focus on corporate lending - Investbank - with assets of 3.5 billion leva.
Source: economic.bg (15.04.2025)

As of March 31, 2025, 23 banks operate in the banking sector of Bulgaria, 6 of which are branches of foreign credit institutions. On April 22, 2025, an agreement was concluded between 4finance Holding S.A. and the private equity fund Advent International for the acquisition of 100% of the capital of TBI Bank EAD. The deal is expected to be completed at the end of 2025 after approval by the ECB, BNB and CPC. Total assets of the banking sector as of March 31, 2025 amounted to BGN 197.6 billion, recording a growth of 3.11% compared to December 31, 2024. The share of the five largest banks based on total assets amounted to 76.65 percent. United Bulgarian Bank AD remains in the leading position with assets of BGN 38.4 billion. or 19.44% market share, marking a growth of 2.52% in assets compared to December 31, 2024. DSK Bank AD occupies second position with 18.90% market share and growth in assets of 2.39% compared to the end of last year. In third position is UniCredit Bulbank AD with a market share of 18.32% and growth in assets of 3.69% compared to December 31. In fourth and fifth place, unchanged compared to the end of 2024, are Eurobank Bulgaria AD and First Investment Bank AD, respectively. The banks' net assets as of March 31, 2025 amounted to BGN 23.5 billion and marked a growth of 1.34% compared to December 31, 2024. The net profit of the banking system marked a growth of 8.74%, reaching BGN 889 million. for the first quarter of 2025, compared to BGN 818 million for the same period in 2024. Net interest income (calculated on the basis of Interest Income - Interest Expenses) for the sector as of March 31 this year amounted to BGN 1.38 billion, marking a growth of 1.46% compared to BGN 1.36 billion as of March 31, 2024. Net income from fees and commissions (calculated on the basis of Fees and Commission Income - Fees and Commissions Expenses) for the sector as of March 31, 2025 amounted to BGN 420 million, marking a growth of 12.45% compared to BGN 373 million as of March 31, 2024.
Source: Banker (03.06.2025)

The former deputy governor of the Bulgarian National Bank (BNB) Kalin Hristov becomes a member of the supervisory board of the largest bank in our country - DSK Bank. Since DSK Bank is under the direct supervision of the European Central Bank, Hristov's appointment was first approved by Frankfurt. From 2009 to 2023, Hristov was deputy governor of the central bank with the "Issue" department, which is managed by the currency board. With Bulgaria's entry into the eurozone from January 1, 2026, the board will be abolished. From 2003 to 2009, Hristov was an advisor to the governor of the BNB Ivan Iskrov. In 2013, President Rosen Plevneliev appointed Hristov as acting minister of finance, and during his term, the rules for reducing the money of state-owned companies in Corpbank, which subsequently went bankrupt in 2014, were introduced.
Source: mediapool.bg (01.08.2025)

The first bank in Bulgaria has crossed the 40 billion leva mark in assets under management. The share of the five largest banks in the country is approaching 77% - against the backdrop of the record assets of the banking system. United Bulgarian Bank continues to lead the ranking, as as of June 30 it manages assets for 40.1 billion leva. The next two banks have assets for over 37 billion leva each. DSK Bank has 37.8 billion leva, and Unicredit Bulbank has 37.1 billion leva. In total, the three largest banks in the country have assets for 115.1 billion leva, which is 57% of the total of the banking system. If we add the next two banks – Postbank (24.3 billion leva) and First Investment Bank (15.8 billion leva), this percentage increases to 76.91 percent compared to 76.65 percent a quarter ago and 76.18 percent 12 months earlier. The total assets of the banking system are growing to a record 201.9 billion leva compared to 178.4 billion leva a year ago. Central Cooperative Bank is getting closer to the 10 billion leva mark in assets. With 9.4 billion leva, it ranks sixth, leaving behind ProCredit Bank (4.8 billion leva) and Allianz Bank (4.5 billion leva). The top ten is completed by TBI Bank and Investbank, which manage about 3.8 billion leva each.
Source: Darik Radio (04.08.2025)

In the spring, the company that owns Business Park Sofia - the American Arco Capital - announced that the repositioning and rebranding of the business park into The Park District is underway. Currently, Business Park Sofia has about 130 thousand sq m of offices and about 15 thousand sq m of shops and restaurants (retail space). For now, it is clear that the office space will be increased by 10 thousand sq m, the retail space - by 1800 sq m. The new area will be 20 thousand sq m of housing. All this will become a fact after the new 16th (actually 15th) building in Business Park Sofia - One Park is built. Business Park Sofia has sold the rights to its construction to external investors, who in turn have ceded the right to construction against compensation to Glavbolgarstroy. In the longer term, more commercial and residential areas are planned. It is mentioned that the commercial space will be about 25 thousand sq m. So far, in the last two years, the owners of the business park have invested over 20 million euros in repairs and reconstructions, according to their information. Half of the buildings are already Platinum LEED certified, and the rest are currently undergoing a certification process. For 2023, the three companies that historically make up Business Park Sofia ("Business Park Sofia", "Business Park Sofia 2" and BPS 14) have a total revenue of 39 million leva and a profit of 13.7 million leva. A special pledge has been established on them due to a syndicated loan from DSK Bank, Eurobank Bulgaria and OTP Bank, taken out during the Covid-19 pandemic in 2020. It includes several loans - up to 110 million euros for refinancing, up to 25 million euros for recapitalization and 0.54 million euros for photovoltaic installations. "Bank debt has been reduced from EUR 130 million to approximately EUR 91 million in 2024. And currently the overall occupancy rate is 89%," Business Park Sofia says.
Source: Capital (05.08.2025)

11 public companies have started paying out part of their 2024 profits A total of 11 public companies whose shares are traded on the Bulgarian Stock Exchange have started paying out part of their 2024 profits to shareholders. The decision to distribute a cash dividend was made at the general meeting of shareholders of Industrial Capital Holding AD, held on June 19 in Sofia. For 2024, the holders of such securities will receive a total amount of BGN 1,659,425.68. The gross dividend per share is BGN 0.10526, and for individual shareholders only (after tax deduction) – BGN 0.10. The payment began on August 14. The same amount of net profit for 2023 was paid out as dividends to shareholders. This dividend was higher than the one paid from the profits for 2022 and 2021. The General Meeting of Shareholders of Stara Planina Hold AD, held on June 5 in Sofia, voted a dividend for 2024 in the total amount of BGN 6,544,630.42. The payment began on August 1, and for one share everyone will receive BGN 0.31579 gross. The amount of the dividend per share net (for individual shareholders only) – BGN 0.30. The same dividend was distributed from the profit for 2023 – both as a total amount and per share. The organic food producer Smart Organic AD – Sofia will pay its shareholders a total of BGN 2,721,839.76 or a gross dividend of BGN 0.24 per share from the profit for 2024. The distribution starts on August 22 and will be made through Central Depository AD and DSK Bank AD. A total of BGN 2,830,000 from last year's net profit will be paid as a dividend by the textile company MAK AD - Gabrovo. The gross amount is BGN 6.99247 per share. This means that the dividend that the holders of such securities will receive for 2024 is equal to that from the profit for 2023. The payment began on August 5. After a five-year break, Sunny Beach AD - the last Black Sea resort with a predominant state participation, will distribute a dividend from its net profit for 2024. The gross amount per share is BGN 0.359. The holders of securities of the tourism company will distribute a total of BGN 702,354.17. The payment of these amounts will begin on August 5 and will be made through the Central Depository AD and the branches of Eurobank Bulgaria AD. Two companies specializing in the field of maneuvering and towing services for ships in the waters of the ports of Varna and Burgas are paying dividends for the second consecutive year. Port Fleet 99 AD - Varna will distribute a dividend from the profit for 2024 in the total amount of BGN 60,252. The gross amount per share is BGN 0.03. The payment began on August 1. The cash dividend for 2023 is in the total amount of BGN 120,504, and per share gross - BGN 0.06. The decision to distribute a cash dividend by Port Fleet-Burgas AD was taken at the general meeting of shareholders held on June 6. The total amount of profit for 2024 is 100,000 leva. Payment began on August 1. "Port Flot-Burgas" paid a cash dividend for 2023 in the total amount of 400,000 leva or 0.04 leva per share gross. The cosmetic products company, including toothpastes, white cosmetics, shampoos, hair dyes, aerosol products, perfumery and soaps "Aroma" AD distributes its profit for 2024, which is 2,095,714.38 leva, a total of 1,001,606.06 leva for dividends to shareholders. Each of them will receive 0.065 leva gross per share. The starting date for payment of the dividend was August 1.
Source: Banker (19.08.2025)

The total assets of all financial institutions in the country are now equal to the entire size of the economy The Bulgarian National Bank (BNB) has published data on the banking system as of July. Another impressive change in the ranking of the largest financial institutions in the country by assets. After a month at the bottom, DSK Bank returns to the top. As of June, the Hungarian-owned financial institution managed assets for 37.84 billion leva. At the same time, UBB had assets for 40.13 billion leva. In three months, the assets of both banks then jumped by 500 million leva and 1.5 billion leva, respectively. The assets managed by all 23 banks and branches in the country have exceeded 200 billion leva for the first time (nearly 100% of the expected size of the economy). And the loans granted alone are worth over BGN 119 billion. The growth is driven by the spontaneous granting of mortgage and consumer loans (a total of BGN 1 billion in one month, of which BGN 730 million are secured by housing). Deposits accumulated in banks have increased to about BGN 170 billion (84% of the expected size of the economy for 2025 and a 0.5% decline on an annual basis). For the first seven months of the year alone, the profit of all banks reached BGN 2.3 billion (6% annual growth).
Source: economic.bg (01.09.2025)

65 Bulgarian companies have reported revenues of over 1 billion BGN For the last 3 reporting years (2022-2024), a total of 65 Bulgarian companies have reported revenues over 1 billion BGN in their annual accounting reports. Of these, 47 in 2022, 42 in 2023 and so far for 2024 - 22, but with the proviso that most of them have not yet announced their financial results for 2024 in the Commercial Register. So far, the companies with the highest revenues for 2024 are: National Electric Company EAD - Sofia, Nomad Energy Company EOOD, BA Glass Bulgaria AD - Sofia, Lidl Bulgaria EOOD & Co KD - Ravno Pole, Astra Bioplant EOOD - Slivo Pole, DSK Bank EAD - Sofia, Kozloduy NPP EAD - Kozloduy, Heidelberg Materials Devnya AD, Unicredit Bulbank AD - Sofia, Tabaco Trade OOD - Plovdiv. The financial results for 2024 have not yet been announced by companies such as: Lukoil Neftochim Burgas AD - Burgas, Aurubis Bulgaria AD - Pirdop, Lukoil-Bulgaria EOOD - Sofia, Bulgargaz EAD - Sofia, Kaufland Bulgaria EOOD & Co KD - Sofia and Saksa OOD - Dolna Banya, which in the previous 2023 reported revenues of over 2 billion BGN. You can follow the current ranking of the largest Bulgarian enterprises (by turnover, profit, fixed assets, number of employees, etc. in general, by sectors and regions) in the Bulgarian Enterprise Information System - BEIS.
Source: Capital market (18.09.2025)

According to current data from the Bulgarian Enterprise Information System - BEIS, for the second consecutive year Lukoil Neftochim Burgas AD - Burgas tops the ranking of the largest companies in Bulgaria by revenue. The company reports revenues for 2024 in the amount of BGN 9.1 billion. Followed by: Aurubis Bulgaria AD - Pirdop, Lukoil-Bulgaria EOOD - Sofia, National Electric Company EAD - Sofia, Nomad Energy Company EOOD, BA Glass Bulgaria AD - Sofia, Lidl Bulgaria EOOD & Co KD - Ravno Pole, Kaufland Bulgaria EOOD & Co KD - Sofia, Astra Bioplant EOOD - Slivo Pole and DSK Bank EAD - Sofia. It is important to note that several of the "billion-dollar" companies in terms of revenue from 2023 have not yet announced their financial results for 2024: Martankship EOOD, Sofia Med AD - Sofia, Vivacom Bulgaria EAD, Express Logistics and Distribution EOOD - Sofia, VTIC International EOOD - Sofia, Insa Oil EOOD - Rakovski, Metro Bulgaria EOOD - Sofia, British American Tobacco Trading EOOD - Sofia and ADM Razgrad EAD - Razgrad. We also await with interest the results for 2024 from the "billion-dollar" companies in terms of revenue from 2022: ENERGO-PRO Energy Services EAD, Sustainable Energy Supply OOD and Promet Steel EAD - Debelt. Follow the current ranking of the largest Bulgarian enterprises (by turnover, profit, fixed assets, number of employees, etc. in general, by sectors and regions) in the Bulgarian Enterprise Information System - BEIS.
Source: Capital market (29.09.2025)

Trinity Capital and Hus Invest, which bought the mall opposite the Hemus hotel in the capital a year ago, are now in the process of acquiring Mall Plovdiv. The two companies have asked the Commission for the Protection of Competition (CPC) to authorize the sale. The buyer will be their joint company TSH Investment. It was created for the purchase of Park Center Sofia. Now TSH Investment wants to acquire M.O. Plovdiv - the company behind Mall Plovdiv. Mall Plovdiv - one of the two shopping centers of this type in the city, was opened in 2009. By the end of last year, 98% of the retail space was leased. The ultimate owner is the Irish investment fund Avestus, which in the past was also a co-shareholder in Mall Sofia. The fund also owned an office building on Sofia's Moskovska Street, which it sold in 2018. Now, with the deal for the Plovdiv mall, the company is effectively leaving the Bulgarian market. In the balance sheet of the company "M.O. Plovdiv" for 2024, the property in Plovdiv is valued at 33.5 million leva, and there is also a debt of 20 million leva on a loan to DSK Bank. Revenues are 14.7 million leva, and net profit - 3 million leva, with both indicators slightly increasing compared to the previous year. In TSH, partners with equal shares are "Trinity Capital" - the private investment company of Tencho Shikov from "Rompharm", and the Plovdiv company "Hus Invest" of the brothers Ivan and Alexander Asenov. "Trinity Capital" specializes in retail parks (XOPark), malls and convenience stores (the Minimart chain). It has recently started building the first Outlet Village in Bulgaria. This is the third mall for the company, which in 2023 bought MegaMall in "Lyulin". The deal was also in partnership - then the buyer with an equal share of "Trinity" was "AP Capital" of Petar Dudolenski and Angel Angelov, which has experience in the development and management of shopping centers, and various other types of commercial formats. The value of the transaction was unofficially estimated at 18 million euros, with the buyer also taking on new debt of the previous owner for 13 million euros. The current partner of "Trinity" - "Hus", is a metals trading company, which has also been developing residential construction for more than a decade.
Source: Capital (27.10.2025)

Five banks report profits of over BGN 100 million The banking system in Bulgaria ended the first nine months of 2025 with a profit of BGN 2.827 billion - BGN 107 million, or 3.9 percent more than in the January-September period of the previous year. Since the beginning of the year, five of the banks have achieved a positive financial result of over BGN 100 million, and 17 of them have reported a profit of over BGN 10 million. UniCredit Bulbank and DSK Bank are once again the most profitable banks in the country, having announced profits of BGN 759 and 740 million, respectively. Compared to a year earlier, the increase in profit at UniCredit is BGN 119 million, and at DSK Bank – BGN 10.6 million. Two other banks also announced profits of over BGN 300 million. These are United Bulgarian Bank and Post Bank, which achieved BGN 379 and 327 million, respectively. First Investment Bank is also in the top 5 of the most profitable institutions in the country. Its profit compared to the first nine months of 2024 increased by 54 million leva, or 69%, reaching 133 million leva. TBI Bank is the next candidate for the "100 million leva" club, which it may achieve at the end of the year. As of the first nine months, its profit reached 78.8 million leva, thus leaving behind Central Cooperative Bank (69 million leva). Also in the top 10 are: ProCredit Bank – 56.36 million BGN, Allianz Bank – 44.8 million BGN and International Asset Bank – 37 million BGN. Outside the top 10 are BACB and the state-owned Bulgarian Development Bank (over 34 million BGN each), as well as Citibank with 33 million BGN. Commercial Bank D and Municipal Bank (over 25 million BGN), as well as Investbank (12 million BGN), and Te Cze Ziraat Bankas (11.6 million BGN) can also boast profits of over 10 million BGN.
Source: Darik Radio (04.11.2025)

The Bulgarian National Bank (BNB) has determined the level of the buffer for the risk exposures of six systemically important banks in Bulgaria. According to a decision of the BNB Governing Council of 27 October 2025, the central bank determines six other systemically important institutions (OSIIs), as well as the level of the buffer on an individual, consolidated or on an individual and consolidated basis, applicable to the total value of the risk exposures, effective from 1 January 2026. According to the BNB decision, the other systemically important institutions are UniCredit Bulbank (DSI buffer of 1 percent), United Bulgarian Bank (DSI buffer of 1 percent), DSK Bank (DSI buffer of 1 percent), Eurobank Bulgaria (DSI buffer of 1 percent), First Investment Bank (DSI buffer of 0.75 percent), Invest Capital, Central Cooperative Bank (DSI buffer of 0.50 percent).
Source: actualno.com (28.11.2025)

As of September 30, 2025, 23 banks operate in the banking sector of Bulgaria, 6 of which are branches of foreign credit institutions. The acquisition of 100% of the capital of TBI Bank EAD from 4finance Holding S.A. by the private equity fund Advent International is expected to be completed by the end of 2025. Total assets of the banking system as of September 30, 2025 amounted to BGN 210.1 billion, recording a growth of 4.05% compared to June 30, 2025. The share of the five largest banks based on total assets in the banking system amounted to 76.80% as of September 30, 2025. United Bulgarian Bank AD retains the leading position with assets of BGN 41.8 billion or 19.92% market share, marking a growth of 4.27% in assets compared to June 30, 2025. DSK Bank AD retains second position with 18.76% market share and growth in assets of 4.16% compared to the end of the first half of 2025. UniCredit Bulbank AD is in third position with a market share of 18.43% and growth in assets of 4.21% compared to June 30, 2025. The banks' net assets as of September 30, 2025 amounted to BGN 25.2 billion, marking a growth of 2.49% compared to June 30, 2025. In the leading position in this indicator is DSK Bank AD, as of September 30, 2025 its net assets recorded a growth of 4.63% compared to June 30, 2025. UniCredit Bulbank AD registered a growth of 4.18% in net assets as of September 30, 2025 and remains in second place in this indicator. United Bulgarian Bank AD is in third position in net assets as of September 30, 2025, reporting a decrease of 2.46% compared to June 30, 2025. The net profit of the banking system recorded a growth of 3.92%, reaching BGN 2.83 billion for the first nine months of 2025 compared to BGN 2.72 billion for the same period in 2024. UniCredit Bulbank AD occupies the leading position with a profit of BGN 760 million or a 26.87% share of the sector's profits for the first nine months of 2025, reporting a significant growth in its profit of 18.59% compared to the same period in 2024. DSK Bank AD is in second position in terms of profit share in the sector, namely 26.20%, reporting a growth of 1.46% and registering a profit of BGN 741 million for the first nine months of 2025 compared to BGN 730 million for the first nine months of 2024. United Bulgarian Bank AD registered a 5.27% increase in its profit compared to the same period in 2024, reaching BGN 379 million for the nine months of 2025 and remaining in third position with a 13.42% share in the sector's profits. Net income from fees and commissions (calculated on the basis of Fee and commission income - Fee and commission expenses) for the sector as of September 30, 2025 amounted to BGN 1.30 billion, recording a growth of 9.53% compared to BGN 1.19 billion as of September 30, 2024. DSK Bank AD retains first position with a growth of 11.57%, reporting net income from fees and commissions worth BGN 295 million for the nine months of 2025. UniCredit Bulbank AD occupies the second position with net income from fees and commissions of BGN 257 million, representing 19.69% of total income in the sector and an 11.28% growth compared to the same period last year. United Bulgarian Bank AD remains in third position in terms of net income from fees and commissions for the first nine months of 2025 with income of BGN 227 million, recording an increase of 6.89% compared to the same period last year.
Source: Banker (05.12.2025)

Enery secures bank loan for its 600 MWh electricity storage project near Nova Zagora Enery has secured green financing from DSK Bank for its flagship 600 MWh energy storage project in Nova Zagora. The financing will enable the construction and operation of a stand-alone 150 MW facility with 600 MWh storage capacity, with commissioning scheduled for March 2026. A key element of the deal is an innovative Virtual Power Purchase Agreement (Virtual PPA) with Vitol, which provides long-term and predictable revenues for the project. The project has its own substation and will be connected to a new 33/110 kV substation, part of the transmission grid. The Nova Zagora project creates a good foundation for the implementation of similar energy storage solutions and combined business models in Southeastern Europe.
Source: economy.bg (22.12.2025)