Bulgarian Development Bank AD will take a stake of up to 19% in First Investment Bank AD (BUL:5F4) (Fibank), which is raising money to cover a capital shortfall found by the European Central bank 2019, the finance minister said. “The participation of Bulgarian Development Bank in the capital increase of First Investment Bank should be up to 70% of the subscribed and paid shares,” Finance Minister Vladislav Goranov told a government meeting. “The capitalisation of a systematically important bank is good news that further boosts the stability of the financial system. And if we add that this is the only obstacle to joining the ERM-2 mechanism, I think this is the right move,” he said.