“Investbank” JSC with a second increase in long-term rating in 2021

With a decision of November 2021, the Bulgarian Credit Rating Agency (BACR) upgrades long-term national-scale rating of Investbank JSC from B to B +, and affirms short-term national scale C stable outlook. The Agency also affirms the short-term rating on the national scale C (BG) with a stable outlook.

The monitoring shall report on the stabilisation of financial results, the increase of the base capital and the adequacy of own funds and the improvement of the quality indicators of the loan portfolio. In the past 2020 the capital base of the bank stay at positive upward trend, reporting an increase of 8.4% compared to the previous year. The general rating is that the changes in the capital base and the risk-weighted assets lead to an increase in the total capital adequacy of Investbank JSC to 20.0% in the middle of 2021. 

The capital of BGN 155,572 thousand has not changed. In the first half of 2020, Investbank JSC undertook An increase of its share capital and strengthening of its capital position.

The share capital of BGN 155,572 thousand remains unchanged. In the first half of 2020, Investbank JSC undertook An increase of its share capital and strengthening of its capital position. According to the BCRA, the Bank's plan for 2020 has been overfilled in most key indicators (including assets, net loans, deposits and interest income). For the same period the volume of the attracted resources from "Investbank" JSC registered a significant growth of 14.3% on an annual basis. This high temperature continues in the first half of 2021, with a 15.5% increase and nearly 300 million BGN in only six months.

The strong growth for the past 2020 is a result to a much greater extent of the increase in the amount of funds attracted from corporate clients - by 58.2%, with much lower growth (3.2%) in retail deposits. By mid-2021, this growth has intensified - even more so in business deposits (28.4%), but also in individuals (8.9%) on a semi-annual basis.

The outgoing 2021 can be defined as successful for Investbank JSC. Along with good financial results, the bank has improved its product and service portfolio.

In 2021, Investbank JSC successfully implemented a number of projects related to the process of digital transformation and offered its customers new innovative services such as the mobile application Ibank Mobile and a new corporate website.  With the latest digital channel Ibank Mobile, users can both track the bank's products used by them, account movements and card transactions, as well as order transfers in BGN and foreign currency. The Ibank Mobile app launched this year and shortly after its launch took third place in the Mobile Innovation category at the b2b Media Awards.

The bank's new web site has a modern design, practical features and user interface, which facilitate navigation and quick access to individual menus. For easier navigation in the rich portfolio of online products there is a separate product sales platform. The site: bank. Bug won the first prize of the audience in the category "Corporate site" in the competition "Site of the year". The implementation of other projects is pending, including some are: "quick" debit card and "quick" credit card, mobile token and others.

With a decision of November 2021, the Bulgarian Credit Rating Agency (BACR) upgrades long-term national-scale rating of Investbank JSC from B to B +, and affirms short-term national scale C stable outlook The Agency also affirms the short-term rating on the national scale C (BG) with a stable outlook.

The monitoring shall report on the stabilisation of financial results, the increase of the base capital and the adequacy of own funds and the improvement of the quality indicators of the loan portfolio. In the past 2020 the capital base of the bank stay at positive upward trend, reporting an increase of 8.4% compared to the previous year. The general rating is that the changes in the capital base and the risk-weighted assets lead to an increase in the total capital adequacy of Investbank JSC to 20.0% in the middle of 2021.

The capital of BGN 155,572 thousand has not changed. In the first half of 2020, Investbank JSC undertook An increase of its share capital and strengthening of its capital position.

The share capital of BGN 155,572 thousand remains unchanged. In the first half of 2020, Investbank JSC undertook An increase of its share capital and strengthening of its capital position. According to the BCRA, the Bank's plan for 2020 has been overfilled in most key indicators (including assets, net loans, deposits and interest income). For the same period the volume of the attracted resources from "Investbank" JSC registered a significant growth of 14.3% on an annual basis. This high temperature continues in the first half of 2021, with a 15.5% increase and nearly 300 million BGN in only six months.

The strong growth for the past 2020 is a result to a much greater extent of the increase in the amount of funds attracted from corporate clients - by 58.2%, with much lower growth (3.2%) in retail deposits. By mid-2021, this growth has intensified - even more so in business deposits (28.4%), but also in individuals (8.9%) on a semi-annual basis. The outgoing 2021 can be defined as successful for Investbank JSC. Along with good financial results, the bank has improved its product and service portfolio.

In 2021, Investbank JSC successfully implemented a number of projects related to the process of digital transformation and offered its customers new innovative services such as the mobile application Ibank Mobile and a new corporate website.  With the latest digital channel Ibank Mobile, users can both track the bank's products used by them, account movements and card transactions, as well as order transfers in BGN and foreign currency. The Ibank Mobile app launched this year and shortly after its launch took third place in the Mobile Innovation category at the b2b Media Awards.

The bank's new web site has a modern design, practical features and user interface, which facilitate navigation and quick access to individual menus. For easier navigation in the rich portfolio of online products there is a separate product sales platform. The site: bank. Bug won the first prize of the audience in the category "Corporate site" in the competition "Site of the year". The implementation of other projects is pending, including some are: "quick" debit card and "quick" credit card, mobile token and others.