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United Bulgarian Bank AD

Summary

Company ID (NIN)

000694959

Company owner / manager

  • Others
  • KBC Group

Country

Bulgaria

Capital

93,838,000

Total assets

11,270,399,000

Net profit for the period

173,222,000

Report year

2018

Currency

BGN

Industry

Banking

General information

About United Bulgarian Bank AD

United Bulgarian Bank AD is a Bulgarian universal commercial bank. It ranked third in the country in terms of total assets as of Mar 31, 2019, according to the Bulgarian National Bank (BNB).


Last updated on June 13, 2019.

Meta info
Status
Active
Legal form
Joint Stock Company
Incorporation date
Sept. 30, 1992
NIN
000694959
Tickers
Stock Exchange
ISIN
Profile last updated
June 13, 2019, 2:43 p.m.
Alternative names

    United Bulgarian Bank JSC;
    Obedinena Balgarska Banka AD;
    OBB AD;
    UBB AD

History

    Sept 30, 1992 - United Bulgarian Bank (UBB) AD is established through the merger of 22 local commercial banks. UBB AD receives a full bank licence, issued by the Bulgarian National Bank, on Feb 25, 1991.

    July 22, 1997 - Bulgaria state-run Bank Consolidation Company AD sells a 99.6% stake in UBB AD to a consortium, consisting of the European Bank for Reconstruction and Development (EBRD), local bank Bulbank AD and U.S. brokerage CIBC Oppenheimer & Co. Inc for USD 3.0 mln in cash and another USD 45 mln in pledged recapitalisation.

    July 20, 2000 - National Bank of Greece acquires a 89.9% stake in UBB for USD 207 mln.

    Apr 23, 2004 - UBB AD establishes its local investment arm UBB Asset Management AD.

    July 20, 2004 - National Bank of Greece raises its share in UBB AD to 99.9%.

    Nov 1, 2004 - UBB AD sets up its Bulgarian investment unit UBB Balanced Fund AD.

    Sept 29, 2006 - UBB AD, Greek insurer Ethniki Greek General Insurance Company SA and U.S. AIG Central Europe & CIS Insurance Holdings Corporation establish Bulgarian insurance company UBB AIG Insurance Company AD, in which UBB holds a 30% stake.

    May 5, 2007 - UBB AD sets up local insurance company UBB Insurance Broker AD.

    Jan 4, 2016 - UBB AD sells its 30% stake in UBB AIG Insurance Company AD to Bulgarian insurance company Bulstrad Vienna Insurance Group AD.

    June 13, 2017 - KBC Group acquires 99.9% stake in the company from National Bank of Greece.

    Feb 5, 2018 - United Bulgarian Bank AD takes over local peer CIBANK EAD, which is written off the trade register and no longer exists as a separate legal entity.


    Last updated on June 13, 2019.

Management

Supervisory Board
Kristin Van Reysengem
Member of the Board
Viliam Hiuting
Member of the Board
Liuk Popelier
Chairman of the Board
Board of Directors and Executives
Jan Joseph Ewrard Suinen
Member of the Board
Svetla Atanasova Georgieva
Executive Officer
Desislava Petkova Simeonova
Member of the Board
Kristof Marsel Mil
Executive Officer
Teodor Valentinov Marinov
Executive Officer
Ivailo Stanev Mateev
Executive Officer
Petar Grozdev Andronov
Chairman of the Board and CEO

Contacts

Address
85B, Vitosha Blvd.
1040
Sofia, Bulgaria
Telephones

+359 700 117 17
+359 2 483 1717
+359 2 980 2235

Fax

+359 2 988 0822

Emails

info@ubb.bg
pr@ubb.bg

Websites
www.ubb.bg

Ownership

Name Direct holding Indirect holding Owner type Country
Others 0.09 Other
KBC Group 99.91 Company Belgium

Subsidiaries and affiliates

Name Direct holding Indirect holding Country
UBB Insurance Broker AD 80.0 Bulgaria
UBB Asset Management EAD 90.86 Bulgaria
UBB Factoring EOOD 100.0 Bulgaria
Cash Service Company AD 20.0 Bulgaria
UBB-Metlife Life Insurance Company AD 30.0 Bulgaria

Products and services

United Bulgarian Bank AD provides services to:

  • Individual clients:
    • Loans
      • Consumer
      • Mortgage
      • Overdrafts
      • Open loan
      • United loan
    • Credit and debit cards;
    • Deposits;
    • Traveller's cheques
    • Current and saving accounts;
    • Money transfers;
    • Currency exchange;
    • Online banking;
    • Utility bill payment services;
    • Investment schemes;
    • Mobile consultancy and banking services;
    • Collection services;
    • Personal safes and safety deposit boxes.
  • Small and medium enterprises (SME) and corporate clients:
    • Loans
      • Investments and working capital
      • Agriculture
      • Financial leasing
      • Capital and money market financing
      • 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.

 

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