Fibank
“Can a mid-sized Southeast European universal bank digitize its retail and SMB offering fast enough—via digital wallets, open banking APIs, and embedded card products—to compete with neobanks entering the Bulgarian and Albanian markets?”
HQSofia, Bulgaria
IndustryBank / Community
The story
Fibank began as a traditional Bulgarian universal bank serving retail and corporate customers. Over time it expanded regionally into Albania and broadened its product suite to include digital banking (MyFin wallet, digital cards), micro-lending programs, and green energy financing. Its PSD2 XS2A interface deployment signals a move toward open banking compliance, opening the bank to third-party fintechs for account information and payment initiation.
Last 12 months
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Regulated entities
Universal Banking License
Bulgaria (BNB)
First Investment Bank AD
Universal Banking License
Albania
First Investment Bank – Albania
The stack
Card issuing
Lending
Working Capital LoanInvestment LoanMicrocredit working capital (unsecured up to EUR 75,000)Super revolving working capital loanVAT Overdraft LoanSuper Investment LoanInvestment Micro LoanBusiness Loan (unsecured)Super LoanOverdraft account for doctors and dentistsGreen Energy Own Consumption investment loanSmart Lady Business Program lending
Accounting gap: significant