Fibank During the Financial Year 2006, First Investment Bank (FIBank) grew in total assets, strengthened its market position and maintained strong financial ratios.
- Total assets increased by 24.8% reaching EUR 1,609 million, placing the bank as the fifth largest in terms of total assets in Bulgaria (sixth place in 2005).
- Loans and advances to NFI (before allowances) increased by 28.0% year-on-year to EUR 897 million.
- Deposits from NFI increased by 40.9% to EUR 848 million.
- In the end of 2006, the net profit for First Investment Bank's grew by 36.34% reaching EUR 15 million.
- Capital adequacy remains strong at 15.81%. FIBank increased its issued share capital to EUR 51.1 million (BGN 100 million) by issuing 1 million new shares and converting retained earnings and reserves into 8 million shares. The shareholders' equity reached EUR 86.2 million.
- First Investment Bank remains among the leading banks in Bulgaria in the area of international payments and trade finance (market share of 12.97% of outgoing and 13.18% of incoming operations in trade finance), card payments (second largest ATM network in Bulgaria and third largest POS network) and corporate banking (third place in corporate lending).