The competent British magazine Euromoney awards Bulbank as "The best bank of Bulgaria 2003".

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.

The partnership with Pioneer Investments, which is also owned by UniCredit, makes Bulbank the largest distributor of mutual funds in the country with a market share of 55%.

In 2004 the bank plans to expand its leasing sub-division "UniCredit Leasing", which has been acquired by Bulbank in February. During the present year, Bulbank opened the first loan center in Bulgaria and plans to offer its clients various new products and Internet - banking.