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UniCredit Bulbank is the largest bank of Bulgaria. Before 1994, the bank was known as the Bulgarian Foreign Trade Bank or BFTB. UniCredit Bulbank was formed in 2007 as a merger between Bulbank, Biochim, and Hebros Bank, all of them owned by the UniCredit Group. History Bulbank's prototype, the Bulgarian Foreign Trade Bank, started in 1964 as a fully state-owned bank, with a paid-up capital of BGL 40 million and statutory specialisation in foreign trade payments and finance. Representative offices of the Bank in London, Frankfurt, and Vienna were opened during the next two decades. BFTB took part of the establishment of two joint stock companies in 1987 and 1998 — Bayerisch-Bulgarische Handelsbank GmbH (after 1998, HypoVereinsbank Bulgaria) with Bayerische Vereinsbank (HVB) and Bulgarsovinvest (after 1994, Corporate Commercial Bank) with Vnesheconombank, respectively. In 1991, after the 1989 coup, the Bank Consolidation Company (BCC) was founded as a holding company to conso ...
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HVB Bank Biochim
UniCredit Bulbank is the largest bank of Bulgaria. Before 1994, the bank was known as the Bulgarian Foreign Trade Bank or BFTB. UniCredit Bulbank was formed in 2007 as a merger between Bulbank, Biochim, and Hebros Bank, all of them owned by the UniCredit Group. History Bulbank's prototype, the Bulgarian Foreign Trade Bank, started in 1964 as a fully state-owned bank, with a paid-up capital of BGL 40 million and statutory specialisation in foreign trade payments and finance. Representative offices of the Bank in London, Frankfurt, and Vienna were opened during the next two decades. BFTB took part of the establishment of two joint stock companies in 1987 and 1998 — Bayerisch-Bulgarische Handelsbank GmbH (after 1998, HypoVereinsbank Bulgaria) with Bayerische Vereinsbank (HVB) and Bulgarsovinvest (after 1994, Corporate Commercial Bank) with Vnesheconombank, respectively. In 1991, after the 1989 coup, the Bank Consolidation Company (BCC) was founded as a holding company to conso ...
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HVB Group
UniCredit Bank AG, better known under its brand name HypoVereinsbank (HVB), is the fifth-largest of the German financial institutions, ranked according to its total assets, and the fourth-largest bank in Germany according to the number of its employees. Its registered office is in Munich, and it is a member of the Cash Group. Since 2005, UniCredit Bank AG has been a subsidiary of UniCredit S.p.A., an Italian financial service provider headquartered in Milan. When the transfer resolution was entered in the commercial register in 2008, the equities of the minority shareholders were transferred to the principal shareholder, UniCredit S.p.A., as part of a squeeze-out. HVB thus became a wholly owned subsidiary and has not been listed on a stock exchange since that time. Operating in Germany, HVB mainly focuses on private clients business and corporate banking, customer-related capital market activities and private banking (also known as wealth management). As a mixed mortgage bank ...
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HypoVereinsbank
UniCredit Bank AG, better known under its brand name HypoVereinsbank (HVB), is the fifth-largest of the German financial institutions, ranked according to its total assets, and the fourth-largest bank in Germany according to the number of its employees. Its registered office is in Munich, and it is a member of the Cash Group. Since 2005, UniCredit Bank AG has been a subsidiary of UniCredit S.p.A., an Italian financial service provider headquartered in Milan. When the transfer resolution was entered in the commercial register in 2008, the equities of the minority shareholders were transferred to the principal shareholder, UniCredit S.p.A., as part of a squeeze-out. HVB thus became a wholly owned subsidiary and has not been listed on a stock exchange since that time. Operating in Germany, HVB mainly focuses on private clients business and corporate banking, customer-related capital market activities and private banking (also known as wealth management). As a mixed mortgage bank, ...
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Sofia
Sofia ( ; bg, София, Sofiya, ) is the capital and largest city of Bulgaria. It is situated in the Sofia Valley at the foot of the Vitosha mountain in the western parts of the country. The city is built west of the Iskar river, and has many mineral springs, such as the Sofia Central Mineral Baths. It has a humid continental climate. Being in the centre of the Balkans, it is midway between the Black Sea and the Adriatic Sea, and closest to the Aegean Sea. Known as Serdica in Antiquity and Sredets in the Middle Ages, Sofia has been an area of human habitation since at least 7000 BC. The recorded history of the city begins with the attestation of the conquest of Serdica by the Roman Republic in 29 BC from the Celtic tribe Serdi. During the decline of the Roman Empire, the city was raided by Huns, Visigoths, Avars and Slavs. In 809, Serdica was incorporated into the Bulgarian Empire by Khan Krum and became known as Sredets. In 1018, the Byzantines ended Bulgarian rule ...
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Stara Zagora
Stara Zagora ( bg, Стара Загора, ) is the sixth-largest city in Bulgaria, and the administrative capital of the homonymous Stara Zagora Province. Name The name comes from the Slavic root ''star'' ("old") and the name of the medieval region of Zagore ("beyond the alkanmountains" in Slavic) The original name was Beroe, which was changed to Ulpia Augusta Traiana by the Romans. From the 6th century the city was called Vereja and, from 784, Irenopolis (Greek: Ειρηνούπολις) in honour of the Byzantine empress Irene of Athens. In the Middle Ages it was called Boruj by the Bulgarians and later, Železnik. The Turks called it Eski Hisar (old fort) and Eski Zagra, from which its current name derives, assigned in 1871. History The original Thracian settlement dates from the 5-4th century BC when it was called Beroe or Beroia. The city was founded by Philip II of Macedon in 342 BC. Under the Roman Empire, the city was renamed ''Ulpia Augusta Traiana'' in hon ...
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UniCredit Subsidiaries
UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was formed through the merger of Credito Italiano and Unicredito in 1998 but has a corporate identity stretching back to its first foundation in 1870 as Banca di Genova. UniCredit is listed on the Milan and Frankfurt stock exchanges, is a constituent stock of the Euro Stoxx 50 index of leading shares. With corporate & investment banking, commercial banking and wealth management operations, Unicredit is a pan-European bank with a strong presence in Western, Central and Eastern Europe. Through its European banking network, it provides access to market-leading products and services in 13 core markets (Italy, Germany as HypoVereinsbank, Austria as Bank Austria and eleven Central and Eastern European countries. History Founding through mergers a ...
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Banks Of Bulgaria
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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List Of Banks In Bulgaria
Typically for Eastern European countries, Bulgarian banking sector is characterized by relatively small size, small number of banks with wide business focus, high degree of concentration and high share of foreign capital. The most commonly used ratio to measure the size of a banking sector, namely the ratio of consolidated banking assets to gross domestic product, for Bulgaria shows that its banking sector is roughly the same size as its national economy (the ratio is 107.09%). Most of the banks operating in Bulgaria are universal banks providing products and services in retail and corporate banking. Although there are no pure direct banks in Bulgaria, several banks offer their products via the Internet. Bulgaria is also part of the Single Euro Payments Area ( SEPA). The following is a list of banks in Bulgaria. Central bank * Bulgarian National Bank Development banks * Bulgarian Development Bank Commercial banks Аll amounts are in BGN thousand. References * {{List o ...
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Hebros Bank
Maritsa or Maritza ( bg, Марица ), also known as Meriç ( tr, Meriç ) and Evros ( ell, Έβρος ), is a river that runs through the Balkans in Southeast Europe. With a length of ,Statistical Yearbook 2017
National Statistical Institute (Bulgaria), p. 17
it is the List of rivers of Europe, longest river that runs solely in the interior of the Balkans, Balkan peninsula, and one of the List of rivers of Europe#Rivers of Europe by discharge, largest in Europe by discharge. It flows through Bulgaria in its upper and middle reaches, while its lower course forms much of the border between Greece and Turkey. Its drainage area is about , of which 66.2% is in Bulgaria, 27.5% in Turkey and 6.3% in Greece. It is the main river of the historical region of Thrace, most of which lies ...
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International Finance Corporation
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. It was established in 1956, as the private-sector arm of the World Bank Group, to advance economic development by investing in for-profit and commercial projects for poverty reduction and promoting development. The IFC's stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise, promoting accessible and competitive markets, supporting businesses and other private-sector entities, and creating jobs and delivering necessary services to those who are poverty stricken or otherwise vulnerable. Since 2009, the IFC has focused on a set of development goals that it ...
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Allianz
Allianz ( , ) is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management. The company is one of the world's largest insurers and financial services groups. The company is a component of the Euro Stoxx 50 stock market index. Its asset management division, which consists of PIMCO, Allianz Global Investors and Allianz Real Estate, has €2,432 billion of assets under management (AuM), of which €1,775 billion are third-party assets (Q1 2021). Allianz sold Dresdner Bank to Commerzbank in November 2008. History Foundation ''Allianz AG'' was founded in Berlin on 5 February 1890 by then-director of the ''Munich Reinsurance Company'' Carl von Thieme (a native of Erfurt, whose father was the director of the insurance company ''Thuringia'') and Wilhelm von Finck (co-owner of the ''Merck Finck & Co. Bank''). The joint company was listed in Berlin's trade register under the name ''Al ...
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