Fibank has requested an opening of an insolvency proceeding for Financial Investment Company and Silver Project, according to information by Capital.bg. The two companies owe c.BGN 300m to Fibank and have stopped servicing their debts last year. Financial Investment Company, which has recently changed its name from S.G. Group previously, is a collection agency that has issued BGN 236m bond in 2019, subscribed by Fibank and the money was mainly used for acquiring overdue loans with nominal amount of BGN 538m from Fibank. In 2021, Fibank has also extended an additional BGN 34m loan to S.G. Group for purchasing of EUR 434m overdue loans from Eurobank Bulgaria. Silver Project (Money Plus Management previously) is a fast loans company that has BGN 45.7m outstanding revolving credit line from Fibank. Both debtors are owned by Gold Project Holding. Fibank has not made a statement about these events.