Bulgarian commercial bank Investbank is a successor of local Neftinvestbank. The lender is a fully licensed commercial bank and provides full range of banking and financial services and products for individuals, corporate clients and SMEs.
In April 2000, Neftinvestbank was selected as exclusive buyer of state-owned Biochim Bank but was later rejected by Bulgarian authorities due to alleged non-transparent shareholder structure. The bank was renamed into Investbank at the end of 2002.
In April 2003, Festa Holding - majority owned by local businesswoman Petya Slavova - acquired a 63% stake in Investbank for an undisclosed sum. The majority stake was acquired from companies associated with her former business partner Mitko Sabev.
In December 2010, Investbank raised its capital from BGN 80 million to BGN 89.6 million through the transformation of a loan provided by its majority shareholders Festa Holding and Petya Slavova. In August 2012, Omani businessman Adil Said Ahmed Al Shanfari acquired a 24.93% stake in Bulgaria's sixteenth largest bank in terms of assets, Investbank AD, through a capital hike. In April 2013 the private investor increased his stake to 31.74%.
85 Bulgaria Blvd.
Sofia; Sofia - city; Postal Code: 1000
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