Fibank After 16 years of work at First Investment Bank, Mr. Vassil Christov left the position of Executive Director and Member of the Management Board as of 22 August 2017.
The management of Fibank appreciates his contribution to the development of the bank and wishes him success in his future ventures.
"I am proud of our joint accomplishments at First Investment Bank, and am grateful for the experience gained over all those years!" Mr. Christov commented.
Mr. Vassil Christov joined First Investment Bank AD in 2001 as Head of the Mortgage Lending Department. In 2010 he was elected Executive Director and member of the Management Board of the Bank.
First Investment Bank is Bulgaria’s third largest bank by assets, after UniCredit Bulbank and DSK Bank.
As at 30 June 2017, the unconsolidated profit of First Investment Bank before impairment and taxes amounted to BGN 82.5 million, and the net profit – to BGN 40.6 million.
At the beginning of July 2017, Moody's international rating agency assigned B1 deposit ratings to First Investment Bank, while the international rating agency Fitch Ratings upgraded the Long-Term Issuer Default Rating of First Investment Bank to 'B' from 'B-' and its Viability Rating (VR) to 'b' from 'b-'. The long-term Fibank's rating outlook remains stable.
And Fitch Ratings rated B-B's long-term rating of B, its rating for Viability from 'b-' to 'b'. The long-term Fibank's rating outlook remains stable.