4finance Holding acquired the financial holding TBIF

TBI Bank retains its current successful operational model and will continue to develop the online environment and digital services.

4finance Holding finalized the deal to acquire the financial holding TBIF, part of which is TBI Bank.

The current Management and Supervisory Board will remain in place and will further be strengthened with additional members with international experience.

TBI Bank retains its current successful operational model and will continue to develop its online presence and digital services.

“The bank has proven track record in retail banking and the new shareholder and the new CEO of TBIF has proven experience in this area adding value to the bank”, said Tsvetan Petrinin, CEO of TBI Bank.

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TBI Bank is stable, with good capital indicators and high quality assets. This was confirmed by conducted this year by the Bulgarian National Bank asset quality review of the commercial banks and the subsequent stress test of the banking system in Bulgaria.