The product gives clients freedom, competitive return and flexible management of the savings

UniCredit Bulbank starts offering a new possibility for its clients to save “at a bargain”. The Bank releases a deposit that enables clients to freely operate with their funds during the month without losing the high interest return and can further deposit amounts on it without limitations.

“With the freedom it offers the “Na smetka” Product is most suitable for clients who seek truly flexible management of their money”, said Ljubomir Punchev, Head of Retail Banking Division and Member of the MB of UniCredit Bulbank.

“Na smetka” can be opened in euro, BGN and USD and has no fixed term. Clients receive the return on their savings monthly.

The interest rate applied by the Bank for the respective month depends on the choice of currency, amount of the deposit and the number of effected withdrawals. Clients choose whether during the respective month they would like to receive the higher interest bonus or the standard interest on their deposit. “Na smetka” deposit takes into account the client’s need to use amounts from his/her account and in case he/she withdraws not more than three times from the account in one month a total amount not more than half the deposited one, on the last day of the preceding month they receive the high interest. On the BGN deposits the interest varies between 4.70% and 5.30% per year according to the amount.

If the client needs his/her funds, more than three withdrawals are allowed. In this case no return is lost but the interest is the one under standard savings deposit, for example - 3% for BGN savings.

More cash may be deposited or additional sums may be transferred to the deposit at any time without limitation of the amount.

The tendency for insecurity on the capital markets worldwide and in Bulgaria together with the competition among banks in Bulgaria has lead to a gradual change in the structure of households’ assets and going back to deposits as preferred form of saving. The combination of reduced value of alternative assets and the fact that deposits are safe investments leads to a fast growth of their share in the total wealth of households up to 68% at the end of September 2008, which is an increase compared to 56% at the end of 2007. The economists of UniCredit Bulbank project that this tendency will continue and until 2010 deposits will account for more than 70% percent of the portfolios of households.

For contacts:

UniCredit Bulbank, Public Relations and Corporate Communications

Victoria Blajeva, tel: 02/9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Ekaterina Ancheva, tel: 02/9264 963, flbufsjob/bodifwbAvojdsfejuhspvq/ch