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Eurobank Bulgaria AD

Summary

Company ID (NIN)

000694749

Company owner / manager

  • ERB New Europe Holding BV
  • Others
  • Eurobank Ergasias SA

Country

Bulgaria

Capital

560,323,000

Total assets

8,207,481,000

Net profit for the period

167,017,000

Report year

2018

Currency

BGN

Industry

Banking

General information

About Eurobank Bulgaria AD

Eurobank Bulgaria AD is a Bulgarian universal commercial bank, operating under the Postbank brand. The Bulgarian National Bank ranked it fifth in the country in terms of total assets as of Mar 31, 2019.


Last updated on June 11, 2019.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
May 15, 1991
NIN
000694749
Tickers
Stock Exchange
ISIN
Profile last updated
June 11, 2019, 3:40 p.m.
Alternative names

    Eurobank Bulgaria JSC;
    Postbank

History

    May 15, 1991 - Bulgarian Post Bank AD is established by Komitet po Saobshteniyata i Informatika (Committee of Communications and Informatics) and National Palace of Culture (NDK) in Sofia. Bulgarian Post Bank received a full bank licence, issued by the Bulgarian National Bank on Mar 14, 1991.

    Nov 9, 1998 - Bulgaria's state-run Bank Consolidation Company AD sells 78.23% in Bulgarian Post Bank AD to Cyprus-based ALICO/CEH Balkan Holdings Limited (ACBH) for USD 38 mln.

    2000 - ACBH increases its stake in the bank to 85.64% through a capital increase.

    2002 - Athens-based EFG Eurobank Ergasias SA purchases a 50% stake in Cypriot company ALICO/CEH Balkan Holdings Ltd (ACBH), owner of 91.71% in Bulgarian Post Bank.

    June 2004 - ACBH increases its stake in Bulgarian Post Bank AD to 96.74% by buying the 5.03% share of local bank DSK Bank EAD.

    July 7, 2004 - EFG Eurobank Ergasias SA buys another 50% in ACBH, through which it gains majority control over Bulgarian Post Bank AD.

    December 2006 - Luxembourg-based Eurobank EFG Holding SA, part of EFG Eurobank Ergasias SA, acquires a 91.2% stake in local bank DZI Bank AD.

    Mar 21, 2007 - The company lists on the Bulgarian Stock Exchange.

    Nov 1, 2007 - Eurobank EFG Bulgaria AD is established through the merger of domestic bank DZI Bank AD into Bulgarian Post Bank AD.

    Mar 7, 2012 - Eurobank EFG Bulgaria AD delists from the Bulgarian Stock Exchange (Stock Symbol: 9FSC, ISIN: BG2100005078).

    Jan 11, 2013 - Eurobank EFG Bulgaria AD changes its name to Eurobank Bulgaria AD.

    Mar 1, 2016 - Eurobank Bulgaria AD acquires its peer Alpha Bank - Bulgaria Branch, which is merged into Eurobank Bulgaria AD and is written off the Trade register.

    Dec 18, 2018 - Eurobank Bulgaria AD takes over local company Imo Central Office EAD, which ceases to exist as a separate legal entity.

    May 2019 - Bulgaria's Commission for Protection of Competition approves the bid of Eurobank Bulgaria AD to take over local peer Piraeus Bank Bulgaria AD.


     

    Last updated on June 11, 2019.

Management

Supervisory Board
John David Butts
Member of the Board
Georgios Provopoulos
Chairman of the Board
Theodoros Karakasis
Deputy-Chairman of the Board
Anastasios Nikolaou
Member of the Board
Stavros Ioannou
Member of the Board
Michalakis Louis
Member of the Board
Board of Directors and Executives
Petya Nikolova Dimitrova
Chairman of the Board and CEO
Asen Vasilev Yagodin
Member of the Board
Dimitar Borisov Shumarov
Member of the Board
Yordan Marinov Suvandzhiev
Member of the Board

Contacts

Address
260, Okolovrasten Pat Str. (Sofia ring road)
1766
Sofia, Bulgaria
Telephones

+359 2 8166 000

Fax

+359 2 988 81 12
+359 2 988 81 10

Emails

contact@postbank.bg

Websites
www.postbank.bg

Ownership

Name Direct holding Indirect holding Owner type Country
ERB New Europe Holding BV 43.85 Company Netherlands
Others 0.01 Other
Eurobank Ergasias SA 56.14 Company Greece

Subsidiaries and affiliates

Name Direct holding Indirect holding Country

Products and services

Eurobank Bulgaria AD provides services to:

  • Individual clients:
    • Loans, including consumer, mortgage and energy efficiency loans, as well as overdrafts;
    • Credit and debit cards;
    • Deposits;
    • Current and saving accounts;
    • Money transfers;
    • Currency exchange;
    • Online banking;
    • Utility bill payment services;
    • Investment schemes;
    • Mobile consultancy and banking services;
    • Collection services;
    • Telephone banking;
    • Personal safes and safety deposit boxes.
  • Small and medium enterprises (SME) and corporate clients:
    • Loans, including investment and working capital loans, agriclultural loans, financial leasing, capital and money market financing and financing under EU programmes;
    • Deposits;
    • Debit and credit cards;
    • Current and saving accounts;
    • Money transfers;
    • Documentary services;
    • Online banking;
    • Investment schemes;
    • Mobile consultancy and banking services;
    • Trade financing.

Eurobank Bulgaria AD also offers factoring services.

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