Estonia-based digital lender Bigbank enters Bulgarian market

ByRichard C. Sloan

Jul 21, 2021

SOFIA (Bulgaria), July 21 (SeeNews) – Estonian digital lender Bigbank has entered the Bulgarian market, starting with consumer loans for individuals, he said on Wednesday.

The bank aims to add to its portfolio in Bulgaria in the near future the possibility of opening and managing deposit accounts, home loans and other services already offered in the markets where it operates, Bigbank said in a report. communicated.

Bigbank, headquartered in Tallinn, operates in Estonia, Lithuania, Latvia, Sweden and Finland, providing financial services to businesses and individuals. The bank also offers financial solutions in the form of cross-border services in Germany, the Netherlands and Austria.

“Bigbank enters the Bulgarian market with the intention of providing modern, reliable and convenient online banking services. We see great potential for this in Bulgaria, especially in the context of COVID, when online services are the safest and therefore the most user-friendly. “Martin Lants, CEO of Bigbank Group, said in the statement.

Bulgarian customers can already choose from several types of consumer loans with terms of up to 10 years, said Rostislav Rusinov, director of the bank’s Bulgarian branch, adding that the approval process usually takes up to 10 years. at 2 hours.

Bigbank opened a branch in Bulgaria on November 19, 2020, according to data from the Bulgarian Commercial Register.

The branch has already been entered in the register of authorized banks and branches of foreign banks of the Bulgarian National Bank, according to a SeeNews check.

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