Sofia, Bulgaria, October 12th / PRNewswire / -- Fibank (First Investment Bank) and Bitpanda GmbH have reached a strategic cooperation agreement. Under this cooperation, Fibank customers will be able to directly access advanced crypto asset services provided by Bitpanda GmbH, an encrypted asset service provider based in Austria with complete licenses, through the My Fibank mobile application.
Through this collaboration, Fibank has become the first bank in Bulgaria to offer customers seamless integration with encrypted asset trading. The original text states that these assets are digital products, different from traditional deposits and financial instruments, and do not provide any guarantees or compensation plans. Therefore, customers are advised to fully understand their unique characteristics and inherent risks.
After completing a simple application process and obtaining approval, Fibank customers will be able to use a full set of cryptocurrency services throughout the year through the Bitpanda interface embedded within My Fibank. The minimum investment amount is only 1 euro. This technological integration allows bank customers to view, manage, and optimize their digital assets in conjunction with traditional financial products within the same application.
Fibank CEO Nikola Bakalov stated: "Customers' financial habits are changing rapidly, and for My Fibank, it is essential to innovate in step with these changes. The collaboration with Bitpanda represents the natural next step in the continued development of this application as a digital platform, allowing customers to conveniently utilize an increasingly wide range of financial solutions. What is particularly important for us is that this new opportunity is realized with the support of a mature European technology partner and in compliance with applicable regulatory requirements."
Crypto asset services will be provided by Bitpanda. Whether these services can be utilized will depend on whether potential customers are accepted by Bitpanda, as well as the terms and standards applicable to the company. The integration of Bitpanda infrastructure complements the existing features of My Fibank and marks a further step towards a comprehensive digital finance environment for My Fibank, providing a unified mobile entry point for banking, savings, and investment solutions.
Bitpanda Enterprise Global Head Nadeem Ladki states: "Digital assets are becoming a part of mainstream finance, and banks play a central role in this transformation. At Bitpanda Enterprise, we provide the infrastructure and technology for this. Together with Fibank, we are putting this into practice in Bulgaria, bringing crypto assets to over 1 million customers through a banking experience that they are already familiar with and trust."
The collaboration between Fibank and Bitpanda takes place against the backdrop of an increasing number of European banks seeking sustainable solutions that comply with regulatory requirements to meet the growing demand for digital asset transactions. In Bulgaria and broader regions, such services are still limited, which has made Fibank the first institution in Bulgaria and one of the first credit institutions in the EU to directly access the Bitpanda user interface via digital channels, enabling customers to utilize Bitpanda's crypto asset services.
About Fibank
Fibank ( First Investment Bank ) is one of the leading banking institutions in Bulgaria and also has the largest domestic capital base among Bulgarian banks. The bank has developed into a modern financial group, with its core business located in the Republic of Bulgaria, and it operates in the region through its branch in Cyprus and a subsidiary in Albania. Measured by assets, customer base, and the breadth of financial solutions offered, the bank occupies an important position in the Bulgarian banking sector.
Fibank has positioned itself as an innovative, technology-driven, and customer-centric financial institution, offering a wide range of products and services to retail customers, small and medium-sized enterprises (SMEs), and large corporations. With its profound experience in corporate banking, trade financing, international payments, and bank card services, the bank is one of the preferred financial partners for Bulgarian businesses. It combines a deep understanding of the local market with flexibility in designing financial solutions, as well as the capability to support the daily banking needs of enterprises and more complex transactions, including investment financing, working capital, guarantees, letters of credit, and cross-border payments.
In recent years, Fibank has continued to solidify its position as an innovator in the banking industry by developing modern digital channels, online and mobile banking, remote services, intelligent customer service solutions, as well as a new generation of cards and payment products. The bank is also one of the first in Bulgaria to offer specialized products such as investment in gold, precious metals, savings, and investment solutions, and has been a pioneer in introducing faster, more convenient, and more secure banking technology models.
About Bitpanda Enterprise
Bitpanda Enterprise is the institutional infrastructure business department of Bitpanda, providing unified technology that enables banks, fintech companies, brokers, trading firms, family offices, and corporate clients to access digital asset capabilities on a large scale. Its platform integrates infrastructure, liquidity, custody, payments, stablecoins, and tokenization into a single ecosystem. Bitpanda Enterprise is designed with long-term institutional growth in mind, emphasizing transparency and scalability to help institutions connect traditional finance with the digital economy. Through institutional partnerships, Bitpanda Enterprise currently provides digital asset access services to end-users in the European Union, the United Kingdom, the United Arab Emirates, and Latin America. Its partners include N26, Societe Generale of France, Deutsche Börse Group, several Raiffeisen banks, RAKBANK, and Onda Finance, among others.
Source: Fibank ( First Investment Bank )
