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Oct 29, 2019 15:33 EEST
October 29 (SeeNews) - Allianz Bank Bulgaria, part of local diversified group Allianz Bulgaria Holding, officially opened a new business centre in the country's capital Sofia on October 28, the lender's controlling shareholder said on Tuesday.
Following the new opening and the implementation of the modern banking system Oracle Flex Cube 12.3 the bank will launch a project for the upgrade of its distribution network, Allianz Bulgaria Holding said in a statement.
The lender is adapting its branch network to the changing environment and client expectations, Georgi Zamanov, Allianz Bank Bulgaria's CEO, said in the statement.
Allianz Bank Bulgaria envisages the establishment of small cashless branches where traditional cash desks are substituted with machines and bank employees are responsible mainly for consultant services. The bank also envisages implementing 24-hour self-service zones as part of its strategy for complete digitalisation of business processes.
Allianz Bulgaria Holding owns 99.89% of Allianz Bank Bulgaria's capital, according to the diversified group's most recent financial report published on the country's commercial register.
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