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Municipal Bank AD

Summary

Company ID (NIN)

121086224

Company owner / manager

  • Sofia Municipality
  • 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-September 2017, Municipal Bank AD was the 15th largest bank in terms of total assets in the country, according to Bulgarian National Bank (BNB) data.
 

Last updated on Dec 8, 2017.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
April 4, 1996
NIN
121086224
Tickers
Stock Exchange
ISIN
Profile last updated
Feb. 19, 2018, 4:30 p.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.


    Last updated on Dec 8, 2017.

Management

Supervisory Board
Stefan Lazarov Nenov
Chairman of the Board
Spas Simeonov Dimitrov
Member of the Board
Zdravko Borisov Gargarov
Member of the Board
Board of Directors and Executives
Sasho Petrov Chakalski
Chairman of the Board and CEO
Ivanka Toteva Popova
Member of the Board
Lydia Spasova Kotseva - Stankova
Member of the Board
Liudmila Stoyanova Vasileva
Member of the Board
Nikolay Mihailov Kolev
Executive Director

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
Sofia Municipality 67.65 Institution Bulgaria
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.

 

Last updated on Dec 8, 2017

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