Fitch Rating Agency affirmed the rating of UniCredit
The international rating agency Fitch affirmed the long-term rating of UniCredit at 'A-' and the short-term one at 'F2'. The rating affirmation is given although Italy’s rating was downgraded by two notches to 'A-' with negative outlook on 27 January 2012.
Capital increase of Unicredit: 99.8% subscribed at the end of the subscription period
UniCredit informs that today the pre-emptive offering to existing holders of ordinary and savings shares of no. 3,859,602,938 new ordinary shares of UniCredit with no par value (the “Shares”) as approved by the Extraordinary Shareholders’ Meeting of 15 December 2011 was completed.
UniCredit Bulbank once again ranked by Global Investor as best custodian bank for 2011
The international Global Investor/ISF magazine once again ranked UniCredit Bulbank first in Bulgaria in its annual inquiry about custodian banks on the local markets all over the world. UniCredit is at the top of the lists in other 10 out of the 13 CEE markets included in the ranking.
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.