United bulgarian bank,Bulgaria Info Bulgarian Map Properties

General Information

Established
in 1992 through the merger of 22 Bulgarian regional commercial banks, the first and most comprehensive consolidation project in the Bulgarian banking sector.

Privatised
in 1997, the first privatisation of a large state-owned Bulgarian bank.

Banking Licence:
Full banking licence for domestic and overseas banking and financial operations.

Rating:
FITCH Ratings

BBB Long Term Foreign Currency
F3 Short Term Foreign Currency
Outlook Stable
Individual C/D
Support - 2

Standard & Poor's

BBB- Long Term Foreign Currency
A-3 Short Term Foreign Currency
Outlook Stable
BBB- Long Term Local Currency
A-3 Short Term Local Currency

Correspondent Relations
with 740, of which 707 abroad and 35 domes tic; 21 correspondent accounts.

Branch Network:
134 units countrywide.

Banking Services:

BGN and FX loans
BGN and FX deposits
FX transactions
Prompt and express intra-bank transfers
Electronic banking
Cash management
BGN and FX accounts and traveller's cheques
Debit and credit card payments
Cash collection operations and depositories
Bank guarantees and letters of credit
Securities' trading
Depository / fiduciary services
Investment banking services
Western Union transfers

Market share (As of 31 December 2005 calculated as a percentage of the whole banking market according to BNB statistical data):

Second largest Bulgarian bank measured by shareholders’ equity and third by assets
A principal market-maker in the money market trading and a market leader in the government securities market
Leader in the card services market and in Leva payments within the country
Leading position in major banking services (of total banking market):

11%	Money market trading
6%	Local foreign currency market
11%	Debit cards
27%	Credit cards
12%	Interbank transactions
11%	BGN deposits
9%	Foreign currency deposits
13%	Consumer loans
18%	Mortgage loans
9%	Corporate loans
15%	ATMs
17%	POS terminals

Memberships and Others:

Association of Commercial Banks in Bulgaria
Bulgarian Stock Exchange
Central Securities Depository
Europay International
Visa International
JCB (Japan Credit Bureau) - Japan's premier and largest card company
S.W.I.F.T.
IIF - Institute of International Finance - The Global Association of Financial Institutions
BIBA - Bulgarian Industrial and Business Association
BBLF - Bulgarian Business Leaders Forum
Licensed primary dealer of government securities
Licensed investment intermediary for corporate securities trading
Western Union Agent

Corporate Mission and Goals

United Bulgarian Bank continues to face the following challenges:

intensifying competition in the banking sector in Bulgaria;
increased investment demand based on the lower level of interest rates and the liberalisation of the internal and foreign trade;
changes in clients’ needs and expectations.

Our Mission

build on the strength of the National Bank of Greece group;
continue to be a leading Bulgarian bank, known for its stability, product range, efficiency and commitment towards customers;
offer a wide range of bank services backed up by the efficient use of new information technologies and high quality of service;
affirm our image of a financially stable and successful institution on both the Bulgarian and the international markets.

Our Main Goals

increase our market share in the large corporate clients’ sector;
expand our approach towards the small and medium corporate clients’ and non-corporate clients’ sectors;
introduce and start actively selling electronic banking products and strengthen our leadership in the credit card system;
continue to update the Bank's IT system.

Source: http://www.ubb.bg

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United bulgarian bank

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