On the date of introduction of the EUR in Bulgaria, all BGN account balances will be converted into EUR by the bank, once and free of charge, in accordance with the rules for currency conversion and rounding up.

After the date of introduction of the EUR in Bulgaria, all accounts opened in BGN before 01.01.2026 will be considered  as EUR accounts. The IBAN of such accounts will not be changed.

The amount of the interest rate on a cash deposit contract may not be lower than the amount of the interest rate valid before that date.

Displaying the values of banking products and services simultaneously in BGN and EUR, by applying the rules for currency conversion and rounding.

The dual designation period starts one month after the date of entry into force of the Decision of the Council of the EU on the adoption of the EUR and ends 12 months after the date of introduction of the EUR in Bulgaria.

For the purpose of transparency and preparing its clients, from the beginning of February 2025 UniCredit Bulbank has started dual currency visualisation for:

• Fees and commissions applied in the bank Tariffs for Individuals and for Legal Entities, as well as

• The values of account movements and balances in the statements of main banking products

Example - see the link here.

Within one month from the date of the introduction of the Euro, both currencies (Lev and Euro) will be in circulation at the same time and you will be able to pay with them. This means that when paying in cash in BGN or EUR, the merchant will return the balance (change) only in EUR. An exception can be made if there is insufficient cash availability in EUR and then the balance (change) can be paid in BGN.

After this expiry of this month, the Euro will remain the only legal tender in Bulgaria. This transitional one-month period will help for a gradual transition to the new currency.

If your BGN balances are transferred to your accounts, then the Bank will automatically, once and for free,  convert them into EUR at the official fixed exchange rate of the BNB on the day of the adoption of the Euro, using the full equivalent of 1.95583/1.

The adoption of the Euro as the main means of payment does not change the terms of contracts entered into in BGN, including the terms and obligations arising from them. The values stated in the contracts in BGN will be considered as values in EUR, according to the rules for currency conversion and rounding. References in contracts to BGN without specifying the value are considered to be references to the Euro.

From the day of the introduction of the Euro, all credits initially negotiated in BGN and the amounts attached to them will be considered credits in EUR, and they will be converted at the official exchange rate and according to the rounding rules.

For credit products contracted at a variable interest rate, the new interest rate may not be higher than the interest rate set before the date of introduction of the Euro, unless otherwise agreed in the credit agreement. This means that the change in interest rates will not lead to an increase in the monthly repayment of your credit.

In the case of a fixed-rate credit agreement, at the date of introduction of the Euro, the interest rate remains as set before the date of introduction of the Euro.

The introduction of the Euro as the official currency in the country will not be a reason to change the fees and commissions in the Bank's Tariff.

Currency conversion will be performed by dividing the numerical value in BGN by the full numerical value of the official exchange rate expressed with its full value of 1.95583. Currency conversion using a shortened form of the fixed exchange rate will not be allowed. The resulting amount after conversion will generally be rounded to two decimal places based on the third decimal place in accordance with the official mathematical rounding rule.

From the very first day of the adoption of the euro, account holders will be able to withdraw only Euro from their accounts, regardless of whether the withdrawal will be made through an ATM/POS device or at an office of the Bank.

During the first 6 months after the date of Euro introduction, UniCredit Bulbank will exchange currency for free for an unlimited amount of banknotes and coins from BGN to EUR at the official exchange rate. Amounts over 30,000 BGN in a single transaction will require a preliminary request of 3 working days.

The Bulgarian National Bank will exchange banknotes and coins in BGN at the official exchange rate free of charge, in unlimited quantity and without time limit.

On the date of Euro introduction in the Republic of Bulgaria, all BGN account balances will be converted into Euro by the bank, once and without fees or commissions payable by the client, in accordance with the rules for currency conversion and rounding, while maintaining the validity of conditions of the respective account contract prior to currency conversion.

The interest rate on a cash deposit contract may not be lower than the amount of the interest rate valid before that date.

After the date of Euro introduction in Bulgaria, all accounts opened in BGN before 01.01.2026 will be considered  as Euro accounts. The IBAN of these accounts will not change.

No, that will not be necessary. All BGN accounts will be converted into EUR on 01.01.2026. If desired, each client can submit a request to close an account both before 01.01.2026 and after the date of adoption of the Euro.

No, all fees and commissions in BGN will be converted into Euro according to the rules for currency conversion and rounding without any change to their amount.

After the introduction of the Euro as an official means of payment, your BGN account will be converted automatically and free of charge by the bank into EUR at the official exchange rate, i.e. after the date of introduction of the Euro, you will have two EUR accounts. Within two months after the date of introduction of the Euro, you can request the closure of one payment account and the transfer of the positive balance it to the other. Banks will not charge fees and commissions for these operations.

UniCredit Bulbank began preparations as early as the beginning of February 2025 by visualising the Tariff for Legal Entities and Individuals in bgn and EUR. For the period of double visualisation (1 month after the promulgation of the Council Decision and up to 12 months after the date of introduction of the Euro in Bulgaria), client statements (accounts, cards, credits) will show the numerical values in both EUR and BGN currencies, at the fixed Bulgarian National Bank exchange rate of 1/1.95583 and rounded according to the rounding rules.

No, no change is envisaged.

From the day of the introduction of the Euro, all credits initially negotiated in BGN will be considered as credits in EUR. They will be converted at the official exchange rate and according to the rounding rules. The amounts of BGN credit agreements will be considered as amounts in Euro, and they will be converted at the official exchange rate and according to the established rounding rules.

In the case of credits granted in Euro or another currency (other than BGN), there will be no changes.

After the introduction of the Euro, there will be no change in the account number which services the credit or the method of repayment. No further action will be required from borrowers in the case of existing credits.

The introduction of the Euro will not affect the operation of existing agreements. The credit agreements will be retained and there is no explicit need for them to be amended. The values in BGN indicated therein will automatically be considered as values in Euro when applying the rules for currency conversion and rounding. The introduction of the Euro will not entail modification of any of the terms in an agreement or exemption from an obligation or performance under any agreement, nor will it entitle a party to unilaterally modify or terminate such an agreement, unless otherwise expressly agreed between the parties.

By the date of the introduction of the Euro in the Republic of Bulgaria, the new interest rate applicable to variable interest rate credit agreements may not be higher than the interest rate prior to the date of introduction of the Euro, unless otherwise agreed in the credit agreement. This means that the change in interest rates will not lead to an increase in the monthly repayment of your credit.

In the case of a fixed-rate loan agreement, upon the introduction of the Euro in the Republic of Bulgaria, the interest rate will remain the same as prior to the introduction of the Euro.

Established/granted credit security will remain unchanged. The values in BGN will be considered as values in EUR, according to the rules for currency conversion and rounding.

During the first month from the date of introduction of the single European currency in the Republic of Bulgaria, the Lev and the Euro will be in circulation simultaneously, and both currencies will have the status of legal tender. At the end of this month, the Euro will remain the only legal tender in Bulgaria.

Transfers in BGN will be possible until the end of 2025.

After the introduction of the Euro in the Republic of Bulgaria, initiation and performance of payment transactions in BGN related to the provision of payment services will be suspended.

No significant changes in the payment orders forms are expected.

All BGN accounts and cards retain their current conditions. They do not need to be reissued and/or new agreements signed. There will be no change in the cards in terms of their:

• Their method of use
• Limit and Balance
• card number
• Account IBAN, as well as
• PIN code.

The conversion of funds on card accounts from BGN to EUR will be on the same principle as for other accounts. It will be automatic and free of charge at the official exchange rate.

There will be no need to renegotiate an already approved card limit; it will be retained. Therefore, all limits and balances on accounts related to debit and credit cards of both Individuals and Legal Entities will be automatically converted into Euro according to the official rules for currency conversion and rounding.

Upon the introduction of the Euro as a national currency, there will be no change in the way card transactions are made at POS, ATMs and online, as well as in payments made with debit and credit cards. From 01.01.2026, all applicable fees and commissions will be in accordance with the Bank's Tariff and will be in Euro. Fees and commissions in BGN will be converted according to the rules for currency conversion and rounding.

Until 31.12.2025 inclusive, all payments made using Lev bank cards through all channels in the country will be made in BGN, and after 01.01.2026 – in EUR.

During the period of dual visualisation, printed ATM notes will show the values in BGN and EUR.

Bank clients will be able to withdraw amounts in BGN only prior to the date of adoption of the Euro. From that date, amounts withdrawn from ATMs will be in Euro only. Banks will ensure sufficient availability of funds in their ATM network to enable clients to withdraw Euros without any problem.

Conversion from BGN to EUR will be carried out at the fixed rate of Lev 1.95583 for Euro 1 (official exchange rate), according to the rules for currency conversion and rounding.

The Bulgarian National Bank will exchange banknotes and coins in BGN at the official exchange rate free of charge, in unlimited quantity and without time limit.

During the first 6 months after the introduction of the Euro, UniCredit Bulbank AD and other banks will exchange banknotes and coins from BGN to EUR at the official exchange rate free of charge. For amounts in excess of Lev 30,000 per transaction, banks will exchange banknotes and coins from BGN to Euro free of charge upon an advance request of 3 working days.

After the expiry of the first 6 months from the date of introduction of the Euro, banks may introduce a service fee for the cash exchange of banknotes and coins from BGN to Euro.

Prior to the expiration of 12 months from the date of introduction of the Euro, banks may not refuse to exchange BGN into Euro. After the expiry of this period, each bank will decide whether to continue to provide this service. The Bulgarian National Bank will exchange banknotes and coins from BGN to Euro for an unlimited period.        

Prior to the introduction of the Euro in the Republic of Bulgaria, Banks will organise the supply of Euro banknotes and coins for their clients, as well as Euro coins starter kits.

Euro banknotes, Euro coins and Euro coin starter kits received upon first provision and subsequent re-provisions cannot be used before the date of introduction of the Euro.

Bank will be prepared to assure provision of Euro banknotes and coins, and further clarifications will be provided according to the statutory deadline.

All business clients whose activity requires the maintenance of cash in the dual circulation period (01.01.2026 - 31.01.2026).

Banks and the BNB are the institutions which exchange damaged BGN banknotes and coins. You will be able to exchange them at the official exchange rate, set out in the order specified by BNB laws.

The adoption of the Euro will not affect mutual funds, since they are offered in Euro/USD.

Funds accumulated in personal accounts will be automatically converted at the official exchange rate, without any loss for the insured persons. Therefore, the value of pension contributions will remain the same, but will be expressed in Euro instead of BGN. In addition, share value will now be declared in Euro and all archival movements will be automatically converted to Euro at the official exchange rate.

After Euro adoption, pension contributions will be in Euro, as well as shares in the individual accounts of the insured persons. All movements in your personal account will be displayed in Euro and shares.

From the Euro adoption date, all insurance premiums in BGN will be automatically converted into EUR at the official exchange rate. The covered risks according to the insurance policy will remain unchanged.

All insurance limits contracted in BGN will be automatically converted into EUR on the date of EUR adoption at the official exchange rate. All covered risks according to the insurance policy will remain unchanged.

Up to 1^st of January 2026 all insurance indemnities including also the approved ones before the Euro adoption date, will be paid in the currency according to clients’ preferences. After this date the insurance indemnities will be paid only in EUR as BGN amounts will be automatically converted at the official exchange rate. 

No. The EUR adoption will not change the validity of the existing insurance contracts. They remain with the same conditions. The only change will be that the insurance amounts will be converted and published into EUR instead of BGN. The EUR conversion will be automatically done with no need of signing a new contract/annex to the existing contracts or any other additional actions on behalf of the customers.

After the adoption of the Euro as the official currency, the only change will be that current product balances will be visible in Euro. To avoid confusion and to ensure that clients are sufficiently informed, during the period of dual visualisation UniCredit Bulbank will provide dual indication of the values in the Bank's electronic channels.

Example - you can see from the link here.

After adoption of the Euro as the official currency, there will be no change to the current processes and functionalities used by clients.

However, orders for new BGN products will not be possible, only EUR orders will be possible.

There will be no change to the current processes. After the adoption of the Euro as official currency, outgoing transfers will be made (including by Blink, transfer by mobile number, etc.) in EUR without the possibility of being in BGN.

The balance on the guarantees and letters of credit issued in BGN will be converted automatically according to the official exchange rate and according to the established rounding rules.

All securities will be converted automatically from BGN to EUR by the respective depository institution in accordance with the general principles and rules laid down in the Euro Act.

Orders after Euro adoption will be accepted at a Euro price.