News
Bulbank Best Small Business Offer Confirmed by First Results. 10 Mln Distributed to Other 1,300 New Clients
After only one month from the launch of the campaign, Bulbank reports more than BGN 10 million newly extended working capital loans to Bulgarian small business, with over 1,300 new clients attracted by Bulbank's unique offer of 9.22% interest rate.
Bulbank Back to the Market Until Year End With Best Mortage Offer at Interest Rate of 8.88%
From 1st October until the end of the year, Bulbank is back to the market with the best terms and conditions for mortgage loans - 8.88% annually (floating rate anchored to BNB rate evolution) and an additional discount of up to 50% of all fees and commissions.
Andrea Moneta Appointed as New Member of the Supervisory Board of Bulbank
The Extraordinary Meeting of the shareholders approved the transfer of undistributed profit from previous years, amounting more than BGN 111 million to General Purpose Reserve Fund.
Financial Assets of Bulgarian Households, Research
Research on financial wealth and financial liabilities of the households in the New Europe counties, provided by UniCredit and Pioneer Investments
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.