Finance · 2023
Bulgarian Banking Industry Report
Mergers and acquisitions with profound effect upon Bulgarian banks' online reputation
Perceptica's report on the Bulgarian banking industry analyses recent M&A activity and its impact on the involved banks' online reputation, with a focus on the social media conversation.
It examines how a bank's portfolio corresponds to its perception online, what actually moves reputation during deal cycles, and where the most consequential conversations are taking place.
Why this topic matters
Mergers and acquisitions reshape a bank's online reputation long after the deal closes. Understanding how the social conversation reacts during deal cycles - and whether a bank's portfolio matches its perception - helps teams protect trust when it matters most.
What we analysed
Recent mergers and acquisitions in the Bulgarian banking sector and their impact on the online reputation of the participating banks, with a focus on the social media conversation: how each bank's portfolio aligns with its online perception, what drives reputation during deal cycles and where the most consequential conversations take place.
Key findings
- How a bank's portfolio corresponds to its social media perception - mapping product mix and positioning against share of voice and sentiment to show where reputation is earned or lost.
- What actually moves banks' online reputation during M&A - the drivers, narratives and inflection points that shape sentiment before, during and after a deal.
- Where the post-deal conversation lives - the channels, audiences and recurring themes that decide how an acquisition is read by the Bulgarian public online.
Who this report is for
Banking communications, strategy and reputation teams navigating mergers, acquisitions or major portfolio changes - and anyone who needs to know where the post-deal conversation really happens.

Perceptica combines media-listening technology with expert analysis to help banks understand how M&A activity reshapes online reputation and to turn the social conversation into clear, decision-ready insight.
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