Fibank AD (Bulgaria)

First Investment Bank (FIBank), which was established in 1993, is a diversified financial institution offering a range of financial products and services to clients primarily in Bulgaria. The bank also operates a representative office in Cyprus. It owns a universal banking licence for domestic and international operations. In 1998, FIBank was the first Bulgarian bank to receive a credit rating from Standard & Poor's.
In early May 2007, First Investment Bank launched an IPO of up to 16.5 million new and existing shares with a face value of BGN 1.0 each. In mid-June 2007, the Financial Supervision Commission registered FIB as a public company with a share capital of BGN 110 million and a par value of BGN 1.0 per share.
In January 2010, the bank together with First Financial Brokerage House set up two subsidiaries – Debita and Relator. In August, FIBank acquired a 2% stake in local private health insurance fund FI Health and in November it increased its share to 57.1%. In mid-2013 First Investment Bank acquired 100% of Unionbank from Hungarian MKB Bank Zrt. In March 2014 the merger was completed and Unionbank was closed without liquidation. FIB operates through a network of more than 150 branches and offices across the country.