•  
  •  
  •  

Municipal Bank AD

Summary

Company ID (NIN)

121086224

Company owner / manager

  • Novito Opportunities Fund AGmvK
  • Other
  • Municipalities

Country

Bulgaria

Capital

57,362,000

Total assets

1,510,465,000

Net profit for the period

4,665,000

Report year

2017

Currency

BGN

Industry

Banking

General information

About Municipal Bank AD

Municipal Bank AD is a Bulgarian universal commercial bank. As of end-March 2018, Municipal Bank AD was the 14th largest bank in terms of total assets in the country, according to Bulgarian National Bank (BNB) data.
 

Last updated on Aug 24, 2018.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
April 4, 1996
NIN
121086224
Tickers
Stock Exchange
ISIN
Profile last updated
Aug. 24, 2018, 10:27 a.m.
Alternative names

    Municipal Bank JSC;
    Obshtinska Banka AD

History

    Apr 4, 1996 - Municipal Bank AD is established in Sofia, the capital of Bulgaria.

    July 2008 - The bank establishes its wholly-owned subsidiary UD Municipal Bank Asset Management EAD.

    August 2011 - Municipal Bank AD acqures a 75% stake in Bulgarian real estate company Sea Property AD.

    Jan 17, 2018 - Liechtenstein-based fund Novito Opportunities Fund AGmvK acquires a 67.65% stake in Municipal Bank AD from Sofia Municipality.


     

    Last updated on Aug 24, 2018.

Management

Board of Directors and Executives
Angel Kirilov Gekov
Chairman of the Board and CEO
Borislav Yavorov Chilikov
Member of the Board
Vladimir Georgiev Kotlarski
Member of the Board
Petar Georgiev Dzhelepov
Member of the Board
Todor Nikolov Vanev
Member of the Board
Supervisory Board
Stefan Lazarov Nenov
Chairman of the Board
Spas Simeonov Dimitrov
Member of the Board
Zdravko Borisov Gargarov
Member of the Board

Contacts

Address
6, Vrabcha Str.
1000
Sofia, Bulgaria
Telephones

+359 2 930 0111
+359 2 811 6181
+359 2 935 6517
+359 2 930 0184
+359 2 930 0212
+359 2 930 0141
+359 2 935 6594
+359 2 935 6535
+359 700 1 5885

Fax

+359 2 930 0270
+359 2 935 6586
+359 2 930 0183
+359 2 930 0213
+359 2 930 0284
+359 2 930 0270

Emails

contacts@municipalbank.bg

Websites
www.municipalbank.bg

Ownership

Name Direct holding Indirect holding Owner type Country
Novito Opportunities Fund AGmvK 67.65 Institution Liechtenstein
Other 30.8 Other Bulgaria
Municipalities 1.55 State

Subsidiaries and affiliates

Name Direct holding Indirect holding Country
UD Municipal Bank Asset Management EAD 100.0 Bulgaria
Sea Property AD 75.0 Bulgaria

Products and services

Municipal Bank AD is engaged in financial service activities and monetary intermediation. It provides products and services to:

  • Individual clients:
    • Loans, including consumer and mortgage loans;
    • Credit and debit cards;
    • Deposits;
    • Current and saving accounts;
    • Money transfers (MoneyGram);
    • Currency exchange;
    • Online banking;
    • Personal safes and safety deposit boxes.
  • Companies:
    • Loans
    • Deposits;
    • Debit and credit cards;
    • Current and saving accounts;
    • Money transfer;
    • Online banking;
    • Custody services, Factoring and Leasing;
    • Documentary operations;
    • European projects financing;
    • Investment projects;
    • Personal safes and safety deposit boxes;
    • Consultations;
    • Cash collections.
  • Budget organisations:
    • Financing of investment projects and consultancy services.

 

Capacity

Access 800,000+
basic

Basic profiles include:

  • General information
  • Contacts
  • Management
  • Ownership
  • Employment
  • Financial Information & Key Financial Ratios
and 4,000+
premium

Additionaly to the content in basic profiles, premium profiles include:

  • Company History
  • Subsidiaries & Affiliates
  • Product & Services
  • Capacity
  • Market & Sales
  • Investment Plans
company profiles

Employment

Access 800,000+
basic

Basic profiles include:

  • General information
  • Contacts
  • Management
  • Ownership
  • Employment
  • Financial Information & Key Financial Ratios
and 4,000+
premium

Additionaly to the content in basic profiles, premium profiles include:

  • Company History
  • Subsidiaries & Affiliates
  • Product & Services
  • Capacity
  • Market & Sales
  • Investment Plans
company profiles

Market and sales

Access 800,000+
basic

Basic profiles include:

  • General information
  • Contacts
  • Management
  • Ownership
  • Employment
  • Financial Information & Key Financial Ratios
and 4,000+
premium

Additionaly to the content in basic profiles, premium profiles include:

  • Company History
  • Subsidiaries & Affiliates
  • Product & Services
  • Capacity
  • Market & Sales
  • Investment Plans
company profiles

Investment plans

Access 800,000+
basic

Basic profiles include:

  • General information
  • Contacts
  • Management
  • Ownership
  • Employment
  • Financial Information & Key Financial Ratios
and 4,000+
premium

Additionaly to the content in basic profiles, premium profiles include:

  • Company History
  • Subsidiaries & Affiliates
  • Product & Services
  • Capacity
  • Market & Sales
  • Investment Plans
company profiles

Financial information

Access 800,000+
basic

Basic profiles include:

  • General information
  • Contacts
  • Management
  • Ownership
  • Employment
  • Financial Information & Key Financial Ratios
and 4,000+
premium

Additionaly to the content in basic profiles, premium profiles include:

  • Company History
  • Subsidiaries & Affiliates
  • Product & Services
  • Capacity
  • Market & Sales
  • Investment Plans
company profiles
Compare
5 / 5 free articles left this month
Get more for free. Sign up for Basic subscription
Get full access. Upgrade to Premium subscription