TBI Bank has increased interest rates on its euro-denominated deposits in Bulgaria, offering up to 3% for terms ranging from six to 36 months.
The adjustment, available through the bank’s mobile application, positions the lender at the top of the domestic market for retail savings products.
25%, commercial lenders are passing on higher funding costs to attract and retain retail capital.
The rate hike reflects intensifying competition among Bulgarian banks for customer deposits.
As the European Central Bank continues its tightening cycle, having raised the deposit facility rate to 2.25%, commercial lenders are passing on higher funding costs to attract and retain retail capital.
TBI Bank’s move signals a willingness to pay a premium for liquidity, potentially pressuring peers to match the offer.
This development follows a broader trend of rate adjustments across the region.