Mr. Nedelcho Nedelchev has resigned as Chief Executive Officer and Chairman of the Management Board of First Investment Bank with effect from March 20, 2020.
Mr. Nedelchev played a leading role in a number of significant projects for the Bank since 2017, and in the period 2007 - 2012 was also a member of its Supervisory Board. In 2013, Mr. Nedelchev successfully managed the project for the acquisition of Unionbank EAD, and subsequently served a member of the Supervisory Board of the latter until its merger with Fibank.
The Fibank management thanks Mr. Nedelcho Nedelchev for his excellent work, high results achieved and overall contribution. Cooperation with him will continue and will be directed toward strategic projects of the Bank such as raising capital and selling acquired assets.
The new Chief Executive Officer and Chairman of the Management Board of Fibank will be Mr. Nikola Bakalov.