Bulbank Appoints Lubomir Punchev to Replace Retired Kiril Stefanov as Management Board Member
Mr. Stefanov retired at the end of 2004 after nearly 40 years of successful career in Bulbank, starting from entry-level position and finally heading the Credit Division providing invaluable contribution to the development of Bulbank.
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.
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.
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.
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.
Bulbank Finished Acquisition of a Leasing Company
Bulbank signed the contact for purchase of 100% of the shares of UniLeasing OOD. After the needed court procedures, the entity will be renamed to UniCredit Leasing Bulgaria, fully owned by Bulbank.
Alessandro Decio is the New Deputy Chairman of the Management Board of Bulbank
The new Deputy Chairman of the Management Board of Bulbank Alessandro Decio received a certificate from Bulgarian National Bank and officially takes the position of Chief Operating Officer of the Bank.
Changes in the Supervisory Board of the Bulbank
The Extraordinary Meeting of Shareholders of Bulbank, held today in the premises of the Bank, made changes in the Supervisory Board of the Bank.
The rating agency Standard & Poor's increased the long-term credit rating of Bulbank
The rating agency Standard & Poor's increased the long-term credit rating of Bulbank from BB to BB+ with stable outlook. Bulbank remains the only Bulgarian bank with credit rating equal to the one of Bulgaria.
Bulbank Says Goodbye to Luigi Lovaglio Reporting Another Half Year of Excellent Results
Bulbank reported another high performance for the first half of year 2003, announcing that Luigi Lovaglio, Deputy Chairman of Management Board and COO, leaves Bulgaria to join Pekao SA, the leading Polish bank as Vice-president and COO in September 2003.