In August 2013, MKB Unionbank was acquired by First Investment Bank (Bulgaria). The legal merger was completed on March 4, 2014.
MKB Unionbank was the 16th largest bank in Bulgaria in terms of total assets. In 2013 its total assets were 1 449,23 mln BGN, providing the bank with the market share of 1.69%. In 2013 the bank's net income was 6,99 mln BGN.
MKB Unionbank is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BB- (speculative).
MKB Unionbank participates in the deposit guarantee scheme of Bulgaria. This deposit guarantee scheme 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. MKB Unionbank is a member of Bulgarian Deposit Insurance Fund (BDIF) and makes its contributions into it.
MKB Unionbank is a member of First Investment Bank (Bulgaria).
MKB Unionbank was headquartered in Sofia.
MKB Unionbank was authorized and supervised by the Bulgarian National Bank.