First Investment Bank Ad · BSESOF:FIB
First Investment Bank Ad — First Investment Bank — Investor Presentation (March 2026)
36 slides from First Investment Bank Ad's investor presentation, March 2026
Slide 1: First Investment Bank
FIRST INVESTMENT BANK UPDATED IN MARCH 2026
Slide 2: Country Profile and Bulgarian Economic Overview
COUNTRY PROFILE AND BULGARIAN ECONOMIC OVERVIEW www.fibank.bg 2
Slide 3: Bulgarian Economic Overview
Bulgarian Economic Overview Macroeconomic indicators 2017 2018 2019 2020 2021 2022 2023 2024 2025 EUR M 52,531 56,224 61,530 61,607 71,059 85,799 93,947 103,721 116,018 GDP Growth, % 3.5 3.1 4.0 (4.0) 7.8 4.0 1.9 2.8 3.0 EUR M 1,736 532 1,148 274 (768) (2,299) (846) (1,898) (6,874) Current account %
Slide 4: Macro environment: Key indicators historic development
Macro environment: Key indicators historic development Indicators 2019 2020 2021 2022 2023 2024 2025 Gross domestic product (EUR million) 61,530 61,607 71,344 86,078 94,525 104,767 116,018 Gross domestic product, real growth (%) 4.0 (4.0) 7.7 3.9 1.8 2.8 3.0 - Consumption, real growth (%) 6.4 0.9 7.
Slide 5: Mid-term macro forecast
Mid-term macro forecast MACRO ASSUMPTIONS FAVOURABLE MACRO ENVIRONMENT IN THE MID 2023-2026F TERM (2023-2026F) Spring forecast 2026, 2023 2024 2025F 2026F Ministry of Finance GDP real growth, % 1.7 3.4 3.0 2.7 - consumption 1.1 4.6 5.2 3.6 ▪ Positive assumptions of the economic development during -
Slide 6: Fibank and the Bulgarian Banking System
FIBANK AND THE BULGARIAN BANKING SYSTEM www.fibank.bg 6
Slide 7: The banking sector at December 2025
The banking sector at December 2025 GROUP 1: TOP 5 BANKS GROUP 2: OTHER BANKS TOTAL ASSETS MARKET SHARE TOTAL ASSETS MARKET SHARE (Q4’25, EURm) (Q4’25%) (Q4’25, EURm) (Q4’25%) United Bulgarian Bank (KBC) 22 753 19,6% Central Cooperative Bank 5 274 4,5% DSK Bank (OTP) 21 978 18,9% UniCredit Bulbank 2
Slide 8: Current Status of the Bank System
Current Status of the Bank System Banking Sector as at 31 December 2025 у/oy 2019 2020 2021 2022 2023 2024 2025 Bank system assets, EUR M 58 390 63 403 69 234 79 458 87 981 97 969 116 082 Growth of assets in the bank system,% 8.2 8.6 9.2 14.8 10.7 11.4 18.5 Bank system profit, EUR M 856 417 724 1 06
Slide 9: Fibank and the Bulgarian Banking System
Fibank and the Bulgarian Banking System Fibank and the Banking Sector as at 31 December 2025 in EUR M Dec’24 Dec’25 Growth Banking system 97 969 116 082 18,5% Assets Fibank 8 058 9 077 12,6% Deposits (other than from Banking system 76 149 88 477 16,2% credit institution) Fibank 6 653 7 316 10,0% Dep
Slide 10: Fibank is top player in assets, loans and deposits at December 2025
Fibank is top player in assets, loans and deposits at December 2025. Committed to innovation & product leadership TOTAL ASSETS LOANS DEPOSITS Market share (q4, 2024 & q4, 2025) Market share (q4, 2024 & q4, 2025) Market share (q4, 2024 & q4, 2025) 5 5 5 10 www.fibank.bg
Slide 11: Increased market shares in business loans & retail deposits
Increased market shares in business loans & retail deposits at December 2025 as part of long-term strategy. RETAIL CONSUMER MORTGAGE LOANS TO DEPOSITS LOANS LOANS BUSINESSES Market share (q4, 2024 & q4, 2025) Market share (q4, 2024 & q4, 2025) Market share (q4, 2024 & q4, 2025) Market share (q4, 202
Slide 12: Fibank: Market Share and Market Position - Assets, Deposits
Fibank: Market Share and Market Position Assets Deposits (other than from credit institution) Market share 9,5% 9,6% 9,5% Market share 8,8% 8,8% 8,8% 9,1% 8,7% 8,7% 8,7% 8,6% 8,3% 8,2% 8,4% 8,2% 8,3% 8,1% 7,8% 2017 2018 2019 2020 2021 2022 2023 2024 2025 2017 2018 2019 2020 2021 2022 2023 2024 2025
Slide 13: Fibank: Market Share and Market Position - Profit, Loans
Fibank: Market Share and Market Position Profit Loans to non-banks Market share 10,3% 10,7% 10,0% 9,9% Market share 9,3% 9,3% 7,7% 8,3% 8,2% 8,1% 8,0% 7,3% 7,1% 4,8% 4,5% 3,9% 4,0% 3,4% 2017 2018 2019 2020 2021 2022 2023 2024 2025 2017 2018 2019 2020 2021 2022 2023 2024 2025 Growth y/y Growth y/y 14
Slide 14: Fibank at a Glance
FIBANK AT A GLANCE www.fibank.bg 14
Slide 15: Over 30 years of stable development
Over 30 years of stable development with focus on innovation and customer experience Fibank Fibank Fibank first in the Fibank was Fibank Albania Fibank issued Fibank Fibank Launches its welcomed acquired MKB Balkans launched established established as a EUR200m realized Smart Lady Program its one Un
Slide 16: Fibank at a Glance
Fibank at a Glance After years of leading successfully First Financial Brokerage House (FFBH) (a leading non-banking financial institution on the Bulgarian capital market), Mr. Ivailo Mutafchiev and Mr. Tseko Minev established First Investment Bank on October 8, 1993. The Bank has a general banking
Slide 17: Fibank at a Glance
Fibank at a Glance FIRST INVESTMENT BANK'S RATINGS FROM FITCH RATINGS On 01 May 2025 Fitch Ratings published the following rating actions for First Investment Bank’s: ➢ Long-Term Issuer Default Rating (IDR): 'B' with a Stable Outlook ➢ Short-Term IDR: 'B’ Capital (EUR M) ➢ Viability Rating: ‘b’ 980
Slide 18: Fibank at a Glance
Fibank at a Glance Domestic network Human Resources As at 31 December 2025, Fibank clients are served in 114 outlets all over the country Regional presence * Fibank has 1 branch in Cyprus Fibank Cyprus branch has operated since 1997, initially mainly in the area of corporate banking. Over the years,
Slide 19: Key dates and facts
Key dates and facts 2003 – 2005: Fibank entered into10 Subordinated term debt agreements for the total amount of EUR 28 mln. included in the Tier 2 capital. In August 2005, the Bank issued its first perpetual subordinated bonds with par value of €27 mln. included in the Tier 2 capital. The arranger
Slide 20: Organizational structure ensures effective running of key functions
Organizational structure ensures effective running of key functions & clear separation of duties. SUPERVISORY BOARD (Chair: Evgeni Lukanov, Deputy Chair: Maya Georgieva, Members: Radka Mineva, Jordan Skortchev, Jyrki Koskelo) AUDIT PRESIDING RISK REMUNERATION COMMITTEE COMMITTEE COMMITTEE COMMITTEE
Slide 21: Fibank aspires to be one of the best banks in Bulgaria
Fibank aspires to be one of the best banks in Bulgaria, recognized as innovative & customer-oriented bank BUSINESS MODEL IN LINE VISION AHEAD TO GROW STRONG COMPETITIVE ADVANTAGES WITH BANK MISSION FORWARD IN RETAIL & SME SUPPORTIVE TO OUTPACE PEERS RETAIL BANKING ▪ Fibank aspires to be among ▪ Emph
Slide 22: Multi-channel distribution network
Multi-channel distribution network with adequate balance between physical locations & remote banking channels PHYSICAL DISTRIBUTION REMOTE DISTRIBUTION MULTI-CHANNEL DISTRIBUTION CHANNELS NETWORK CHANNELS ▪ Centralized Back Office ▪ In accordance with the EU alleviate simple service Physical channel
Slide 23: Key Figures and Loan Portfolio
KEY FIGURES AND LOAN PORTFOLIO www.fibank.bg 23
Slide 24: Fibank with EUR 84,3 m net profit in 2025
Fibank with EUR 84,3 m net profit in 2025, used as a strong tool for internal capital generation. Income statement, BGNth 2022 2023 2024 2025 FINANCIAL HIGHLIGHTS Q4, 2025 Net interest income 138 427 189 128 218 380 1 223 129 1 For Q4, 2025 net interest income amounted to EUR 223,1 thousand. Net fee
Slide 25: Profitability
Fibank with sound financial indicators. Improved profitability & coverage ratios due to conservative policy Min. 2021 2022 2023 2024 2025 levels CET1 ratio 4.5% 17.86% 18.11% 17.43% 18.50% 18,93% 6% Capital T1 capital ratio 21.46% 21.74% 20.89% 21.60% 21,82% Total Capital adequacy ratio 8% 21.46% 21
Slide 26: Regulatory capital well above CRD IV requirements
Regulatory capital well above CRD IV requirements (Basel III). Profit retention following GMS to support CET1. REGULATORY REGULATORY CAPITAL OWN FUNDS CALCULATIONS REQUIREMENTS Own funds calculations, BGNth YE2024 YE2025 ▪ Since 1 January 2014, the provisions Regulatory capital, EUR,m of the CRD IV
Slide 27: Strong liquidity in line with market
Strong liquidity in line with market. Liquidity ratios well above minimum required levels. STRONG LIQUID ASSETS LCR & NSFR WELL ABOVE GROWTH MIN LEVELS STRONG LIQUIDITY RATIOS Liquid assets, EURm Liquidity LCR & NSFR indicators 42,5% 41,7% 3,051 39,2% 304% 36,8% 2,826 279% 2,305 252% 2,029 225% Min
Slide 28: Loan Portfolio
Loan Portfolio Loan portfolio by sectors of economy Loan portfolio by business lines Large enterprises 32,4% Smanll and Мedium enterprises 24,9% Retail Microlending customers 2,8% 39,9% Retail Credit cards 3,4% Consumer loans Mortgage 44,8% loans 51,7% Source: Unconsolidated data, December, 2025 28
Slide 29: Risk Appetite & Risk Strategy
RISK APPETITE &RISK STRATEGY www.fibank.bg 29
Slide 30: Risk strategy updated to reflect macro situation
Risk strategy updated to reflect macro situation. Measures for reducing the risk profile of loan portfolio. STRATEGIC OBJECTIVES 2022-2024 ON THE BANK’S RISK PROFILE. TARGET LEVELS & RISK LIMITS DEFINED AND MONITORED •1 Stronger capital position covering all risks undertaken; • 2 Change in loan port
Slide 31: Sustainable Development
SUSTAINABLE DEVELOPMENT www.fibank.bg 31
Slide 32: Holistic approach for integration of sustainable development requirements
Fibank with holistic approach for integration of sustainable development requirements in Bank’s activity. Environmental factors Social factors Governance factors Business strategy Risk strategy and Credit process Investment Commitment of and strategic Disclosure and Risk Appetite and decision servic
Slide 33: New green financing products launched
New green financing products launched. Smart Lady program further developed. Support of social micro financing cont’d. GENDER GREEN FINANCING FINANCING SOCIAL MICRO FINANCING Fibank is the only Bulgarian bank to offer New credit products for business Loans to start-ups and social gender financing. c
Slide 34: Recent Awards
RECENT AWARDS www.fibank.bg 34
Slide 35: Recent awards confirmed Fibank's successful development
Recent awards confirmed Fibank’s successful development & strong focus on innovation & digitalization BANK OF THE YEAR THE INTERNATIONAL EUROMONEY AWARDS AWARDS 2025 BANKER OF THE YEAR 2024 ENGAGE AWARDS 2024 • Fibank's Digital Event Zone project was the winner in the Best Customer Marketing ▪ Best
Slide 36: Awards confirmed Fibank's successful development
Awards confirmed Fibank’s successful development & strong focus on innovation & digitalization DIGITAL BANK OF THE EFMA-ACCENTURE DMI 2 AWARDS ON BANK OF THE YEAR EUROMONEY YEAR – BULGARIA AWARDS DIGITAL CARDS AWARDS AWARDS ▪ Fibank won second place in the • First Investment ▪ In April 2019 Fibank w
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