Translation from Bulgarian

To:

Financial Supervision Commission

Supervision of Investment Activities

Division

Sofia, 16 Budapest Str.

CC:

Bulgarian Stock Exchange

Sofia, 6, Tri Ushi Str.

19 August 2021, Sofia

Re: Meeting with minority shareholders of First Investment Bank

Dear Sirs,

On 19 August 2021, a meeting was held of the management of Fibank (First Investment Bank) with minority shareholders.

The meeting was attended by Fibank's Managing Board - Nikola Bakalov, Chief Executive Officer, the executive directors Svetozar Popov, Chief Risk Officer, Ralitsa Bogoeva, Chief Retail Officer, and Chavdar Zlatev, Chief Corporate Banking Officer, Ianko Karakolev, CFO, and Nadya Koshinska, Director of SME Banking.

At the meeting the Managing Board of Fibank presented to the attending minority shareholders the Bank's financial results for the first half of 2021.

In H1 2021 Fibank's assets BGN 10.8 billion, and in this regard the Bank retains its place among the leading banks in the Bulgarian banking system. At the end of June 2021, the deposits from other customers amounted to BGN 9 billion. The Bank's loan portfolio amounted to BGN 6.1 billion, an increase compared to the previous year by BGN 110 million.

The Bank is reporting stable growth of the total income from banking operations, as it reaches BGN 185 million. The growth is due to net interest income and fee and commissions income. The profit before tax for H1 2021 was BGN 30,793 thousand, i.e. net growth by 27.4%.

All regulatory ratios are significantly higher than the required minimum - as at 30 June 2021 the capital adequacy ratio of Fibank reached 21.58 %, the Tier 1 capital ratio was also 21.58%, while the CET1 ratio was 18.01 %.

The liquidity coverage ratio of First Investment

Bank AD

as at 30 June 2021

reached 243.61% and the net stable funding ratio

was 133.36 %,

showing a stable liquidity

position

Translation from Bulgarian

As at the end of June 2021 the accounting equity amounted to BGN 1,201 million, which means growth by BGN 23 million for the first six months, mostly due to the profit generated.

During the meeting the Bank's management informed the minority shareholders of their vision of its development on the Bulgarian banking market.

Regards,

(signed)

(signed)

Nikola Bakalov

Svetozar Popov

Chief Executive Officer

Executive Director

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First Investment Bank AD published this content on 19 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 August 2021 14:53:07 UTC.