TBI Bank Statement

Over the past month, the world has faced the unthinkable – a war in the heart of Europe. We at TBI Bank are against the war. Our focus is people, and we always put them first. Our team consists of 16 nationalities, among which there are many Ukrainians.To all of them and their families we are providing constant financial, logistical, and emotional support. Many of them have already been evacuated and relocated in a safer place thanks to our colleagues’ and the company’s commitment to help.

As one of the most profitable banks in Southeastern Europe, TBI Bank’s business in all markets of operation remains stable and we are using our strong financial position in the best possible way to support those who are in need. TBI Bank is among the first companies in Romania and Bulgaria that officially attributed a crisis fund of 250.000 Euro (within the Group the amount is 0,5M Euro) to support Ukrainian refugees and provided all employees with additional paid leave days for volunteering.

Recently there has been some misinformation about us and questions from different stakeholders, so let’s talk facts:

Is TBI Bank a Russian company?

•    No. TBI Bank is fully licensed European bank, regulated by the Bulgarian National Bank, National Bank of Romania, and following guidelines, regulations, and best practices set by European Central Bank.
•    TBI Bank operates only in EU member states. Besides Bulgaria, where TBI Bank’s HQ is, the bank has branch in Romania, and operations in Germany and Lithuania.
•    TBI is traditionally among the leading Southeastern Europe banks in terms of efficiency, profitability and stability proven by strong business performance.

Does TBI Bank have any exposure in Russia?
•    No, TBI does not have any exposure towards Russian business.

Who owns TBI Bank?
•    TBI Bank is owned by TBI Financial Services – an investment management company, operating in Amsterdam, Netherlands.
•    TBI Financial Services is owned by 4finance Holding SA – one of the leaders in digital consumer finance operating only in the EU, with HQ in Riga, Latvia
•    4finance Holding is a private company. Its ultimate ownership is set out below.
o    More than 70% of the company is held by individuals with EU/UK/UA citizenship.
–   29.47% Edgars Dupats, EU citizen
–   41.28% minority individual investors (under 10%), all EU/UK/UA citizens
o   29.27% Vera Boiko, Russian citizen (non-resident) as of end of March. Also, it is the intention of Ms. Vera Boiko to reduce her ownership to zero in the coming months. (more details here)

Are there any shareholders of TBI Bank and/or 4finance Holding sanctioned?
•    No.

If you don’t find the answer on your question, drop us a line at  ask@tbibank.ro.