tbi bank capitalized its 2023 profit of 42,5 mil. euro to support future growth. Aditionally the bank has successfully issued public bonds of 20 million euro.

During 2023 tbi bank serviced applications from 1.6 million unique customers (twice as much as in 2022) in its three core markets – Bulgaria, Romania, and Greece, disbursing around 750.000 loans at the amount of nearly EUR 1 billion (30% yoy growth).

tbi bank, one of the leading challenger banks in South-East Europe, announces that it has capitalized its entire consolidated net profit for 2023 for the amount of 42.5 million euro. tbi’s profit for the first six months of 2023 has already been capitalized upon approval by the Bulgarian National Bank at the end of 2023. Now, tbi bank’s shareholders decided to also reinvest the profits from H2 2023, supporting future growth.

„tbi reported record financial results in 2023 with 17% higher net profit and an impressive nearly 40% growth in total assets – the highest among all the banks in the Bulgarian market.” – according to the press relese.

“We are happy to see our shareholders’ strong commitment to our future business growth. By capitalizing our 2023 profit we provide a stable foundation to foster our expansion in the markets we operate. We will continue to invest in constant improvement of our products and services to make our beloved customers’ lives easier”, says Petr Baron, CEO, tbi fs.

Also, to fuel the future growth, tbi bank has successfully issued public bonds of 20 million euro (MREL eligible). The issue was oversubscribed, which allowed it to reach the highest range of the planned amount (from 10 to 20 million), making it the largest bond issued by tbi bank to date.

„The new bond will support our continuous above-the-market growth from a regulatory side”, said Lukas Tursa, Executive Director, tbi bank.

Over the past three years, tbi bank has established itself as the leader in the Bulgarian public bond market, raising a total of 50 million euros through various hybrid capital bonds. The bond will be listed for trading on the Bulgarian Stock Exchange in July.

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𝐭𝐛𝐢 bank is a challenger bank in Southeast Europe and regional leader in alternative payment solutions, building an ecosystem by combining financing and shopping to address customers’ needs. It focuses on helping merchants to grow their business as well as providing consumers with financial products and services that make their lives easier. Currently operates in Bulgaria, Romania, Greece, Germany, and Lithuania. Through various digital channels and trusted partnerships with over 26 000 merchant locations, 𝐭𝐛𝐢 has a customer base of over 2 million clients and issued nearly 750,000 loans in 2023.