First Investment Bank AD filed a binding bid to acquire MKB Unionbank AD, reported Capital Daily. According to the report, the other potential bidder OTP Bank Plc., did not submit an offer. First Investment Bank has placed the sole bid for a deal with a projected value of approximately BGN 100 million, reported Capital Daily quoting unnamed sources.

The report added that Central Cooperative Bank AD and UNION GROUP also did not submit a bid. Spokespersons from First Investment Bank, MKB Unionbank and OTP were not available to comment.