![]() | |
Company type | Commercial bank |
---|---|
Industry | Financial services |
Founded | 1991 |
Defunct | 2014 |
Headquarters | Sofia, Bulgaria |
Key people |
Maria Ilieva (
CEO and Chairman of the
Management Board), Imre Balogh ( Chairman of the Supervisory Board) |
Products | Retail banking, Corporate banking, Loans |
Revenue | €77 million (2010) [1] |
€4.3 million (2010) [1] | |
Total assets | €1.7 billion (end 2010) [1] |
Total equity | €158 million (end 2010) [1] |
Number of employees | 750 ( FTE, end 2010) [1] |
Parent | First Investment Bank |
Website | www.unionbank.bg |
Unionbank ( Bulgarian: Юнионбанк, Yunionbank) was a major Bulgarian retail and commercial bank with headquarters in Sofia.
As of the end of 2010, its assets amounted to over €1.7 billion and growing, while the share capital of the bank exceeded €158 million. [1] Unionbank has 55 active branch locations around the country. As of January 2011, the bank has a long-term credit rating of BBB+ from the Fitch credit agency. [2]
MKB Unionbank was founded in January 1991 as Boras OOD, a limited liability company, licensed by the Bulgarian National Bank (BNB) to trade in foreign currencies. Boras OOD founded, as a subsidiary company, a financial brokerage house Sofia AD, licensed by BNB as a non-banking financial institution. Sofia AD was renamed and licensed as a commercial bank as Unionbank AD and received a full banking license in 1996. [ citation needed]
In September 2002, the European Bank for Reconstruction and Development (EBRD) acquired 15% of Unionbank's capital. [ citation needed]
In December 2005, MKB Bank acquired 60% of Unionbank's capital and renamed it to MKB Unionbank in May 2006. [ citation needed]
In September 2009, MKB Bank increased its percentage in the share capital of MKB Unionbank with 34% to 94% by buying all shares of Boras OOD. [1]
In July 2012 Fitch has confirmed MKB Unionbank's long-term credit rating at BBB+. [3]
In August 2013 First Investment Bank buys MKB Unionbank. [4]
MKB Unionbank has a tiered board structure, which includes a Management Board and a Supervisory Board. [ citation needed]
According to the MKB Unionbank website, MKB Unionbank has one wholly owned subsidiary - AMC Imoti, a real estate operation, property valuation, and investment development, and property management company.[ citation needed]
![]() | |
Company type | Commercial bank |
---|---|
Industry | Financial services |
Founded | 1991 |
Defunct | 2014 |
Headquarters | Sofia, Bulgaria |
Key people |
Maria Ilieva (
CEO and Chairman of the
Management Board), Imre Balogh ( Chairman of the Supervisory Board) |
Products | Retail banking, Corporate banking, Loans |
Revenue | €77 million (2010) [1] |
€4.3 million (2010) [1] | |
Total assets | €1.7 billion (end 2010) [1] |
Total equity | €158 million (end 2010) [1] |
Number of employees | 750 ( FTE, end 2010) [1] |
Parent | First Investment Bank |
Website | www.unionbank.bg |
Unionbank ( Bulgarian: Юнионбанк, Yunionbank) was a major Bulgarian retail and commercial bank with headquarters in Sofia.
As of the end of 2010, its assets amounted to over €1.7 billion and growing, while the share capital of the bank exceeded €158 million. [1] Unionbank has 55 active branch locations around the country. As of January 2011, the bank has a long-term credit rating of BBB+ from the Fitch credit agency. [2]
MKB Unionbank was founded in January 1991 as Boras OOD, a limited liability company, licensed by the Bulgarian National Bank (BNB) to trade in foreign currencies. Boras OOD founded, as a subsidiary company, a financial brokerage house Sofia AD, licensed by BNB as a non-banking financial institution. Sofia AD was renamed and licensed as a commercial bank as Unionbank AD and received a full banking license in 1996. [ citation needed]
In September 2002, the European Bank for Reconstruction and Development (EBRD) acquired 15% of Unionbank's capital. [ citation needed]
In December 2005, MKB Bank acquired 60% of Unionbank's capital and renamed it to MKB Unionbank in May 2006. [ citation needed]
In September 2009, MKB Bank increased its percentage in the share capital of MKB Unionbank with 34% to 94% by buying all shares of Boras OOD. [1]
In July 2012 Fitch has confirmed MKB Unionbank's long-term credit rating at BBB+. [3]
In August 2013 First Investment Bank buys MKB Unionbank. [4]
MKB Unionbank has a tiered board structure, which includes a Management Board and a Supervisory Board. [ citation needed]
According to the MKB Unionbank website, MKB Unionbank has one wholly owned subsidiary - AMC Imoti, a real estate operation, property valuation, and investment development, and property management company.[ citation needed]