“Two years from opening, the Romanian unit of TBI Bank EAD Sofia continues its growth, as its assets exceeded RON400 million, namely 26% higher compared with the end of the first year of activity,” the bank said.
Most of the lender’s portfolio is represented by SMEs, but this year, the bank will also launch products for individuals.
TBI Bank EAD Sofia is owned by financial group TBIF Financial Services NV, present in Romania for over 13 years with financial-leasing, consumer loans and credit card services, through TBI Leasing IFN and TBI Credit IFN.
At the end of 2014, TBI Bank EAD Sofia assets totaled EUR245.4 million, out of which EUR146 million represented loans to companies and individuals.
The local unit of the bank employs 86 people and serves 12,700 clients.