History

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 2007
  •  On April 27 is announced the legal merger between Bulbank. HVB Bank Biochim and Hebros Bank. The name of the merged institution is UniCredit Bulbank
  • As first stage of the merger between Bulbank, HVB Bank Biochim and Hebros Bank, in the beginning of April 2007 Hebros Bank migrates to a new information system
 2006
  •  The process of merger between Bulbank, HVB Bank Biochim and Hebros Bank starts
  • The company for consumer financing UniCredit Clarima Bulgaria is established
  • The specialized company UniCredit Factoring Bulgaria is established
  • The General meetings of shareholders of Bulbank, HVB Bank Biochim and Hebrosbank take decisions to merge the three institutions in 2007
 2005
  • Bulbank completes implementation of unified information system
  • UniCredit Group announces merger with HVB Group
 2004
  • Bulbank celebrated its 40th Anniversary as the biggest Bulgarian bank and undisputable market leader in terms of assets, net profit and shareholders’ equity.
  • The Bank signed for the purchase of 100% shares of the leasing company Unileasing that latter was renamed UniCredit Leasing.
 2001
  •  Bulbank embarked on a process of deep redesign of its business model seeking to become more open to its customers and to improve its efficiency and financial performance. Accordingly with the set objectives and tasks, a new organizational structure was introduced. The Bank penetrated the retail banking sector.
  • Bulbank's major shareholder UniCredito sold minor stakes to the Italian SIMEST S.p.A., Rome, and the International Finance Corporation - 2,5% and 5,3% of the share capital respectively.
 2000
  •  Bulbank’s privatization was completed on October, 2nd with the transfer of the Bank Consolidation Company's shares to UniCredito Italiano S.p.A and Allianz AG, which acquired 93% and 5% of Bulbank's share capital.
  • The Extraordinary General Meeting of Shareholders, held on October 3, approved the new Statute of the Bank, introducing a two-tier management system of Supervisory Board and Management Board.
  • Bulbank sold its share participation in Corporate Commercial Bank (99,9%), as well as that in United Bulgarian Bank (35%) and in HypoVereinsbank Bulgaria (49%).
 1998
  •  Procedure for the privatisation of Bulbank was opened.
  • The share capital of the Bank was raised eleven fold and divided into 166,370,160 ordinary shares of non-denominated BGN 1 000 face value each.
  • Bulbank diversified its electronic international card payment system by co-branding with Visa International and Europay International and continued the expansion of its branch network in the country.
 1997
  •  The share capital of the Bank was raised threefold and was divided into 15,124,560 ordinary shares of non-denominated BGN 1 000 face value each.
 1995
  •  The share capital of Bulbank was raised to BGN 5,041,520,000.
 1994
  • The Annual General Meeting of Shareholders passed a resolution for changing the name of BFTB to Bulbank (Bulgarian Foreign Trade Bank) AD. An interesting fact was that since its foundation, the Bank has been known among its foreign partners as Bulbank because of its telegraph and telex address.
  • Bulbank's branch network expanded through the opening of the regional Bourgas Commercial Bank and Stara Zagora Commercial Bank.
 1993
  • The Bank started building domestic branch-network by opening branches in Plovdiv and Kardjali.
 1992
  •  The Annual General Meeting of Shareholders approved of the new Statute of the Bank, which laid down the legal foundation for the Bank to develop as commercial bank pursuant to the provisions of the Commercial Law and the Banks and Lending Act.
  • Bank's capital was raised from BGN 320 million to BGN 1.2 billion fully paid-up and divided into 1.2 million shares of BGN 1 000 face value each.
  • The Bank moved to its new premises – on 7, Sveta Nedelia Sq., furnished with all required facilities that allow for considerably improved banking services quality.
 1991
  • The Bank Consolidation Company was founded as a holding company to consolidate the state ownership in the banking sector and to facilitate the privatisation of banks. BCC holded 98% of Bank's share capital.
  • BFTB was the first Bulgarian bank to move to SWIFT whereby it significantly strengthened its operational performance and enhanced the reliability of its transactions.
 1988
  • Bulgarsovinvest was founded as a joint-stock financial company by BFTB and Vnesheconombank. In 1994 Bulgarsovinvest was reincorporated as Corporate Commercial Bank AD.
1987 
  •  Bayerische-Bulgarische Handelsbank GmbH was founded as a joint bank by Bayerische Vereinsbank and BFTB with head office in Munich. In 1998 the bank was reregistered as HypoVereinsbank Bulgaria GmbH.
 1969-
1985
  •  Representative offices of the Bank in London, Frankfurt and Vienna were opened. The Bank continued expanding its network of correspondent banks around the world.
1964 
  •  Bulbank, 100% state owned, was founded as then Bulgarian Foreign Trade Bank (BFTB) with head office in Sofia, paid-up capital of BGN 40 million and statutory specialization in foreign trade payments and finance.
    Initially the Bank’s premises were in the building of BNB.
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