First Investment Bank (FIBANK) – Connected Lending and Large Exposures
The amounts are the ones at the time of the granting of the loan or of its last renegotiation and do not account for the accumulation of interest and repayments. Source: the Trade Registry, entered and indelible pledges by January, 17, 2014. The information has been provided to the European Commission, the European Parliament and the central bank (Bulgarian National Bank, BNB) on January 21, 2015.
To access the documents with evidence about the loans and the owners, click on the line and then on the United Identification Code (UIC) or the name of an offshore company.
Georgios Georgiou is director of LEGNANO ENTERPRISES, owned by Tseko Minev and Ivaylo Mutafchiev, majority shareholders in FIBANK and director of FRAMAS ENTERPRISES, 100% owned by FIB. He isa connected party within the meaning of the law. All loans to companies owned by Georgiou must be provisioned at 100% and cannot exceed 20% of the capital of FIB, which is 719.6 million levs.
Sum in BGN
A:Georgiu is the single owner
B: Georgiu is the associate owner
The sums in A and B are far more then the own capital of the bank: 719,6 M BGN
C: The owners are linked to Georgiu
D: Georgiu is the last owner before the actual owner