
In the shifting landscape of European finance, few banks have embraced the green transition as decisively as Bulgaria’s First Investment Bank (Fibank). Led by Ivaylo Mutafchiev and Tseko Minev, Fibank stands at the forefront of the Environmental, Social, and Governance (ESG) movement, setting a compelling example for the banking sector. Its strategic foresight and strong commitment to sustainability position it as a leader in addressing climate challenges. Fibank’s proactive approach not only aligns with the European Central Bank’s (ECB) stringent climate-related regulations but also underscores its ambition to play a pivotal role in the economic and societal transformation underway across Europe.
The Green Finance Momentum
With the ECB’s climate risk stress tests in 2022 highlighting the urgency for banks to adapt to climate risks, Fibank has proven itself ahead of the curve. The ECB’s supervisory actions, intended to mitigate climate risk across the EU banking sector, have spurred …