Department profile
Penkov, Markov & Partners

Banking & Finance

Europe Guide 2026 : Bulgaria

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Penkov, Markov & Partners

About

Provided by Penkov, Markov & Partners

Banking & Finance

PM&P is well versed in the regulatory framework of the banking and financial sector, and has extensive experience in corporate finance, securities, including mortgages and special pledges, project financing, loans, operational and financial leasing, refinancing of companies and debt restructuring.

As is the case in many countries, capital markets in Bulgaria have their specific regulatory framework, with deals in this field being on the rise. PM&P lawyers employed in this sphere have acted as legal consultants in some of the largest deals ever made in Bulgaria, proving the benefit of good cooperation and communication with international consulting and regulatory Our practice constantly expands to include legal consulting for investment companies, mutual and pension funds, asset management companies, investment mediators and ventures.

Clients (17)

  • TBI Bank
  • Landesbank Baden-Württemberg
  • Money Gram International Limited
  • Fibonatix UK Limited
  • Paynetics
  • Pension Assurance Company Doverie
  • Bulstrad Vienna Insurance Group
  • Industrial Capital Holding (HIKA) and M+S Hydraulic (5MH)
  • 4finance
  • Alphabet
  • Arteks Engineering AD
  • Insa Ltd
  • EBRD
  • Profi Credit Bulgaria
  • Vabo Internal
  • Accession Mezzanine Capital III Cooperatief U.A
  • Viraj Group

Industries (12)

  • Automobiles & Parts
  • Banks
  • Commercial & Professional Services
  • Construction & Materials
  • Financial Services
  • Industrial Engineering
  • Insurance
  • Real Estate Finance
  • Real Estate
  • Retail
  • Transportation
  • Fintech Services

Chambers Review

Provided by Chambers

Banking & Finance - Bulgaria

Band 3

What the Team is Known For

Penkov, Markov & Partners acts for domestic and foreign financial institutions on a broad array of matters. This includes the provision of credit facilities and various debt restructuring issues. The law firm is notably present in the insurance space, with further experience in the fintech field, providing numerous financial startups with guidance on regulatory matters. It is also noted for its experience in project finance.

Notable practitioners

Nikolay Cvetanov is a key contact for clients at the law firm.

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Strengths

Provided by Chambers

  • The team is exceptionally strong. What truly sets it apart is its pragmatic approach. The advice is always focused on finding feasible and business-oriented solutions.

    Banking & Finance respondentEurope

  • Penkov, Markov & Partners demonstrates creativity, vast experience in complicated situations and responsiveness.

    Banking & Finance respondentEurope

Members

Provided by Penkov, Markov & Partners

  • Smilena Hrusanova

  • Asen Apostolov

  • Nikolay Cvetanov

  • Vladimir Penkov

    Head of Department

  • Ivan Markov

    Head of Department

What success is built on

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