First Investment Bank AD acquired 100% of MKB Unionbank EAD shares
First Investment Bank AD (Fibank) has successfully closed the transaction for acquisition of 100% of MKB Unionbank EAD shares. The transaction was closed after all necessary approvals from the competent authorities were obtained.
After MKB Unionbank EAD is merged into Fibank, Fibank’s assets will amount to over BGN 8.5 billion. The acquisition will increase the Bank’s efficiency and thus it will offer even better and more competitive services to customers, businesses and society.
The Bank will offer a wide range of products to its customers, with an emphasis on lending to small and medium-sized enterprises, as well as to private individuals, while operating in a bigger branch network.
Lazard Ltd. (a global financial advisory firm) alongside First Financial Brokerage House acted as lead adviser to Fibank.