Fibank On September 14, 2017, a Fibank (First Investment Bank) management meeting was held with the minority shareholders of the bank.
Regular meetings with minority shareholders have been held since February 1, 2016 and are part of the policy of Fibank of strict implementation of international standards in good corporate governance, established by the International Finance Corporation (IFC), which has been bank’s partner since 2010.
The meeting was attended by Mr. Nedelcho Nedelchev, Chief Executive Officer (CEO) of the bank, Mr. Svetozar Popov - Chief Risk Officer (CRO), Mrs. Sevdalina Vassileva, Chief Retail Banking Officer (CRBO) and Mr. Zhivko Todorov, Chief Financial Officer (CFO).
At the meeting, the management of Fibank presented to the minority shareholders the financial results of the bank as at June 30, 2017.
The bank achieved a stable level of revenue and good return on assets.
As of June 30, 2017 the profit of First Investment Bank before depreciation and taxes amounted to BGN 86 million and the net profit was BGN 43.5 million. For the first six months of 2017, net interest income amounted to BGN 130 million and the net fee and commission income was BGN 51.2 million.