First Investment Bank Appoints Yanko Karakolev as A Member of the Management Board

First Investment Bank AD (Parva investitsionna banka AD or FIBank or PIB) is a Bulgaria-based bank, which provides corporate and retail banking services. The Bank’s products range includes banking services such as corporate and retail deposits and lending, current accounts, small and medium-sized enterprise (SME) lending, micro-lending, debit and credit cards services, letters of credit, bank guarantees, mortgage lending, as well as in-house banking services, among others. It operates domestically through a network of branches and offices located across the country. In addition, it operates one branch in Cyprus. The Bank has such subsidiaries as: First Investment Finance BV (the Netherlands), First Investment Bank-Albania Sh.a., Framas Enterprises Limited, Debita OOD, Balkan Financial Services OOD, Realtor OOD, Zdravnoosiguritelna kasa Fi Helt AD and Diners Club Bulgaria AD. In August 2013, it acquired a 100% of the Capital Of MKB Unionbank EAD.