Fibank
- Fibank (First Investment Bank) ended 2016 with a profit of BGN 255 mln. before impairment on unconsolidated basis, maintaining third position by size of assets in Bulgaria after UniCredit Bulbank and DSK Bank. The Bank is the largest institution in the country with Bulgarian capital. The return on equity after impairment and taxes is 11.17%.
- The Bank reported an increase of 10.2% in revenue from banking operations, which reach BGN 450 million. The largest share of the increase was due to the net interest income, which increased by 22% compared to the end of 2015. In 2016 the bank reported growth of 9% on annual basis and net income from fees and commissions, which reached BGN 88.5 million.
First Investment Bank ended 2016 with strong financial results and solid liquidity position of 28.10% compared to 25.36% at the end of 2015. At the end of last year, the bank reported a profit of BGN 255 mln. before impairment.
The bank reported growth of 9.8 % of attracted deposits. Thus the deposits of individuals increased to BGN 6.4 billion and the growth in the sector of business clients was 25.3 %, while in both segments there is a trend of sustained interest to deposit products of the bank. The good results achieved in 2016 reflect the stable development of Fibank, according to market conditions and the balanced approach in management in dynamic external environment are a prerequisite for even better results in 2.