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CIBANK


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CIBANK

CIBANK is a dynamically developing commercial bank with over 20 years of experience in providing a full range of banking and financial services and products for individuals, corporate clients and SMEs. The bank has an extensive nation-wide branch network and invests continuously in its maintenance and expansion. Simultaneously, the bank is responding to the modern market demands by developing remote channels for distribution.

Since 2007 CIBANK is part of the Belgian bancassurer, KBC Group. The synergies between CIBANK and the other entity of Group in Bulgaria, DZI, make possible the use of innovative approaches in the provision of bankassurance products and services which are new for the Bulgarian market.

In 2017 the Belgian bank-insurance group KBC acquired UBB. After the upcoming merger between CIBANK and UBB, the new united bank UBB will be the third largest bank in Bulgaria in reference to assets worth approximately EUR 5.1 billion and a market share of approximately 11%.

Together, CIBANK, UBB and its subsidiaries and DZI will become the largest bank-insurance group in Bulgaria, one of the main markets of KBC Group. As a result, KBC Group will become active on the leasing market, as well as on the asset management and factoring markets in Bulgaria and will offer its clients the full set of financial services.

CIBANK JSC holds a full banking license. It operates as a licensed investment intermediary performing all kinds of activities specified in the Law on Credit Institutions.