News
Bulbank is the Best Bank of Bulgaria 2003 According to Euromoney
Bulbank has vastly improved its results during year 2003. Net profit grew by 18%, operating income was up by 12, 8%, net fee and commission income grew by 9%. Return on equity rose to 18%, while the ratio of non-performing loans fell to 3,1% during 2003, from 4,6% in 2002.
Standard & Poor's upgraded the long-term credit rating of Bulbank
Standard & Poor's upgraded the long-term credit rating of Bulbank to BBB- from BB+ with stable outlook. Bulbank is the only Bulgarian bank that has an investment credit rating equal to the sovereign one of Bulgaria.
Bulbank Launches Bulbank Euro<26, First Co-Branded Card in Bulgaria Targetting Youth
Bulbank launches its latest product - the first co-branded bank card in Bulgaria - Bulbank Euro<26. The card combines all features of the classic international debit card with additional benefits such as numerous discounts and rebates from merchants in Bulgaria and Europe.
Pioneer Investments and Bulbank Achieve more than 50% Market Share in Assets Under Management
Soon after its first anniversary on the Bulgarian market, Pioneer Investments reports more than USD 11 million assets under management from Bulgarian investors, through the distribution agreement with Bulbank.
New Credit Card from Bulbank. The cards are issued in BGN, EUR and USD.
The new revolving card of Bulbank was introduced on the market six months after the bank started offering Charge credit cards that require paying up of the whole amount due before the expire of the grace period.
Unicredit Leasing Becomes EAD. The new company will have one-tier structure with Board of Directors.
Chairman of the Board of Directors becomes Mr. Kiril Stefanov, Member of the MB of Bulbank and Head of Credit and Risk Management Division of the Bank. Executive Director of the leasing company remains Mr. Plamen Minev.
Unicredit Leasing Provides Answer in 24 Hours after filling all needed documents
UniCredit Leasing, a company of Bulbank, introduced the simplified procedure for analysis and evaluation of the leasing applications. The company will process and reply to the applications amounting up to 20 000 within 24 hours after filling all needed documents.
Bulbank Reports 18% Increase in Net Profit for 2003 to BGN 93Mn
Bulbank, the largest Bulgarian bank, reports positive results with 18% of growth in profit as a result of further development of its commercial operations.
New Interest Rates of Bulbank Mortages, 8.88% annually
Till the end of June 2004 Bulbank is offering new particularly attractive interest rate of 8.88% annually for all its mortgage loans. The offer also includes an additional decrease of up to 50% of all fees and commissions.
Bulbank celebrates its 40-year anniversary as the biggest Bulgarian bank
Bulbank celebrates its 40-year anniversary as the biggest Bulgarian bank and as an undisputable leader at the market in terms of assets, net profit and shareholder's equity. Bulbank continuously expands its positions at the credit market of the country, keeping a high quality of assets.