News
CEE Banking Study 2012, focus on Bulgaria: Slowdown in the economy will put assets quality to the test
Authors: Christopher Pavlov and Elena Kostadinova
UniCredit’s CEE Banking Study 2012: CEE banking sector still to generate above-EU average growth
Long-term outlook for regional convergence so that CEE overcomes the lag behind the Western economies, remains intact, but pace to slow down and growth differentials between the countries will broaden
Quality of assets and provision of capital will be the major challenges facing the banking sector in CEE
The slowdown of growth in Western Europe will also have negative impact on growth in the CEE region. However, CEE will continue to register higher levels of GDP growth compared to the average European levels.
Analysis by UniCredit Bulbank on the development of Bulgarian economy: The improvement in the external environment in the middle of the year will unfreeze investment projects and will stabilize employment
Households are expected to start changing their behavior, while we will see even less and less postponement of purchases of goods for long-term use
According to UniCredit Bulbank data: Transactions rose by nearly BGN 5 million during the holiday season compared to 2010
Payments via Internet during New Year increased by 50% up to TBGN 710.8, however, the average value of transactions fell to BGN 78 compared to BGN 86 in the end of 2010.
The Global Custodian magazine published its 2011 Agent Banks in Emerging Markets Survey: UniCredit Bulbank is recognized as best custodian bank in Bulgaria for the seventh year in a row
UniCredit Bulbank received once again recognition in all rating categories published in Global Custodian magazine’s 2011 Agent Banks in Emerging Markets Survey.
Annual closing, as per the requirements of the Ministry of Finance and BNB
In connection with the upcoming holidays and the purpose of finalizing the procedures related to closing of the year, as per the requirements of the Ministry of Finance and BNB, the following changes are to be introduced regarding the service of the Customers’ operations on 30 December 2011.
Standard and Poor’s confirm the highest possible rating in Bulgaria of UniCredit Bulbank
According to the Agency one reason for the strong position of the Bank is its more conservative strategy compared to its competitors
UniCredit’s Quarterly Analysis of CEE Economy: Projected Bulgarian GDP growth for 2012 lowered to 1.5%
Despite the expected dwindling export and labor market pressure, the country will avoid recession
Pioneer Investments reduces fees for the funds with up to 50%
The assets managed with Pioneer Investment Plan have exceeded EUR 1 mio