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“First investment bank” AD obtained a permission from BNB and CPC for the acquisition of 100%of the share capital of “MKB Unionbank” EAD

September 19, 2013

"First Investment Bank" AD (Fibank) obtained the necessary permissions by the competent Bulgarian authorities for the acquisition of 100% of the share capital of "MKB Unionbank" EAD.

After completion of the procedure for acquisition of "MKB Unionbank" EAD, the asset value of Fibank (First Investment Bank) will exceed BGN 8.5 bln.

The bank's customers will be serviced in a larger branch and office network, covering the entire country.

The preliminary plans expect the finalization of the integration between the two banks to happen in the first half of 2014.

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