TBI Bank Reinvests Entire €42.5 Million Profit from 2023

TBI Bank, a leading challenger bank in Southeastern Europe, has announced the reinvestment of its entire consolidated net profit of €42.5 million for 2023. This decision follows the approval from the Bulgarian National Bank at the end of 2023 to capitalize the first half of the year’s profit, with shareholders now opting to reinvest the second half to support future growth.

In 2023, TBI Bank reported record financial results, including a 17% increase in net profit and a nearly 40% surge in total assets, marking the highest growth among all banks in the Bulgarian market. The bank served 16 million unique customers across its main markets of Bulgaria, Romania, and Greece, doubling its customer base from 2022. TBI Bank also issued approximately 750,000 loans worth nearly €1 billion, reflecting an annual growth rate of 30%.

“We are pleased to see our shareholders’ strong commitment to the future growth of our business. By capitalizing our 2023 profit, we are providing a stable foundation to encourage our expansion in the markets we operate in. We will continue to invest in the continuous improvement of our products and services to make our customers’ lives easier,” said Petr Baron, CEO of TBI Bank.