The Euro

All balances in BGN (current, savings, deposit, escrow, liquidation and other accounts), as well as loans and other products, will be automatically converted into euro on 1 January 2026 at the official conversion rate of 1 EUR = 1.95583 BGN.

• No conversion fees will be charged.
• Your IBAN will remain unchanged.
• No new contracts will be required. All existing agreements referring to BGN remain valid in accordance with the principle of continuity.

The conversion will follow the Euro Introduction Act of the Republic of Bulgaria. The BGN amount will be divided by the full numerical value of the official conversion rate, expressed with all five digits after the decimal point. The rate cannot be rounded or shortened during conversion.

After conversion, the resulting amount will be rounded to two decimal places according to standard mathematical rounding rules:

• If the third decimal digit is less than 5, the second decimal digit remains unchanged.
• If the third decimal digit is 5 or higher, the second decimal digit is rounded up by one.

The period of dual display (in EUR and BGN) will start on 8 August 2025 and will end on 8 August 2026.

During this period, at minimum, the following information will be displayed in both currencies:

• Fees and commissions tariff
• Opening and closing balances of BGN accounts (opened before 1 January 2026) – in e-statements/account reports
• Payment transaction amounts in BGN and applicable fees and charges – in payment orders/statements, on paper or in MyFin online banking, where applicable

For investment services, dual display will apply to:

• Tariff for fees and commissions – Chapter I "Individuals", Section VIII "Financial Instruments" and Chapter II "Business Clients", Section XI "Financial Instruments"
• Opening and closing balances of BGN current accounts (opened before 1 January 2026) – in account statements/reports provided in branch or electronically
• Total value of the client's financial instruments – in investment holdings statements and periodic client reports
• Fees and costs under Art. 71, para. 2, item 4 of the Markets in Financial Instruments Act – in trade orders and confirmations, and in periodic client reports

Euro banknotes are issued in different denominations, the most commonly used being: 5, 10, 20, 50, 100 and 200 euro. All euro banknotes are legal tender across the euro area.

Euro coins exist in denominations of 1, 2, 5, 10, 20 and 50 cents, 1 euro and 2 euro. Each euro area country may develop its own national design for one side of the coins. The Bulgarian national side will feature key national symbols, including the Madara Rider, St. Ivan Rilski, and Paisii Hilendarski. All euro coins — including those with the Bulgarian national side — will be legal tender throughout the euro area.