Allianz Bank Bulgaria AD (Bulgaria)

Address

79, Maria Louisa Blvd., 1202, Sofia, Bulgaria

BIC

BUINBGSF

Overview

Business Focus

universal banking

Allianz Bank Bulgaria is a member of Allianz Group (Germany),an international financial services group, specialized in insurance andasset management. Established in 1991 as Bulgaria Invest Commercial Bank,Allianz Bank Bulgaria is operating since 2003 under its current name. Allianz Bank Bulgaria offers a broad range of retail and business banking products and services.

Performance

In 2023, Allianz Bank Bulgaria AD achieved the position of 8th largest bank in Bulgaria with a market share of 2.29%; its total assets dropped by 1.28%.

Additionally, the bank became the 17th profitable bank in relation to its total assets showcasing 1.43% return on assets and 18.42% return on equity in 2023.

Also the lender held the 5th position regarging its loans-to-deposits (L/D) registering 89.80% L/D ratio in 2023.

Deposit Protection

Deposits up to 100,000 EUR are covered by Bulgarian deposit guarantee scheme in Allianz Bank Bulgaria AD.

Market Share (#8 in Bulgaria)

Market Share of Allianz Bank Bulgaria AD

Ratios

RoA

1.43%

RoE

18.42%

L/D

89.80%

Services

retail banking

business banking

leasing

insurance

Products

current accounts

savings accounts

debit cards

credit cards

consumer loans

business loans

mortgage loans

pension funds

Account Currencies

BGN (Bulgarian lev)

EUR (Euro)

USD (US dollar)

Card Providers

International Transfers

SWIFT Transfers

SEPA Credit Transfers

SEPA Instant Transfers

SEPA Direct Debits

SEPA Direct Debits B2B

Account Opening

Becoming a client of Allianz Bank Bulgaria AD can be done in a few steps:

Visit bank branch

Allianz Bank Bulgaria AD performs client's identity verification via branch visit.

Ways to Bank

Allianz Bank Bulgaria AD delivers its products and services through both direct and indirect channels, namely:

branch

online banking

Financials

Total Assets of Allianz Bank Bulgaria AD

Total Assets (2023)

3,945.82 mln BGN (-1.28%)

Net Income (2023)

56.86 mln BGN (+144.94%)

Allianz Bank Bulgaria AD is the 8th largest bank in Bulgaria in terms of total assets. In 2023 its total assets were 3 945,82 mln BGN, providing the bank with the market share of 2.29%. In 2023 the bank's net income was 56,86 mln BGN.

Credit Ratings

Fitch: BBB+

AAA

AA+, AA, AA-

A+, A, A-

BBB+, BBB, BBB-

BB+, BB, BB-

B+, B, B-

CCC, CC, C, RD, D

Moodys: -

Aaa

Aa1, Aa2, Aa3

A1, A2, A3

Baa1, Baa2, Baa3, Baa4

Ba1, Ba2, Ba3

B1, B2, B3

Caa1, Caa2, Caa3, Ca

Allianz Bank Bulgaria AD is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB+ (good credit quality).

Deposit Guarantee

Guarantee Fund

Bulgarian Deposit Insurance Fund (BDIF)

Protected Amount

up to 100,000 EUR

Eligible Depositors

natural persons (Bulgarian and foreign)
legal entities (Bulgarian and foreign)

Covered Accounts

all funds on a bank account

Allianz Bank Bulgaria AD participates in the deposit guarantee scheme of Bulgaria which applies to all funds on a bank account made by natural persons (Bulgarian and foreign), legal entities (Bulgarian and foreign) and covers up to up to 100,000 EUR per bank per depositor. Allianz Bank Bulgaria AD is a member of Bulgarian Deposit Insurance Fund (BDIF) and makes its contributions into it.