First Investment Bank Syndicated Loan



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

20 Jul 1999



PSD disclosed:

23 Jul 1999

Project Description

EUR 13 million syndicated bank-to-bank loan for First Investment Bank, a private commercial bank incorporated in Bulgaria. The loan comprises an A-loan portion of EUR 5 million for the EBRD’s own account with the remaining amount financed by participant commercial banks.

Project objectives: The loan will strengthen the funding base of FIB, allowing it to provide term financing to small and medium-sized local enterprises.

Transition Impact

The loan will strengthen the funding base of FIB, allowing it to provide term financing to small and medium-sized local enterprises.

The Client

First Investment Bank (FIB) was established in August 1993 as a joint-stock company incorporated under Bulgarian law. The largest shareholders in FIB are the European Privatisation and Investment Corporation and the EBRD. Over the past six years FIB has established itself as a full-service corporate bank catering for the emerging private sector in Bulgaria. It has gained a reputation for reliability and innovation. The bank has been gradually expanding its branch network with nine branches at present and 290 employees servicing over 6,000 clients.

EBRD Finance

EUR 5 million senior loan (A loan) for the Bank’s own account with three years’ maturity and a repayment option after two years. The remaining EUR 8 million has been syndicated among a number of commercial banks. The maturity of the B loan will be two years with a repayment option after one year.

Project Cost

EUR 13 million

Environmental Impact

FIB will continue to carry out its operations in accordance with the EBRD's Environmental Procedures for Local Banks. In implementing these procedures, FIB requires its borrowers to comply, at a minimum, with national/local health, safety, environmental and public consultation requirements.

Technical Cooperation



Business opportunities

For business opportunities or procurement, contact the client company.

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