MKB Unionbank

In August 2013, MKB Unionbank was acquired by First Investment Bank (Bulgaria). The legal merger was completed on March 4, 2014.

Financials

Total Assets (2013)
1,449.23 mln BGN  (-11.96%)
Net Income (2013)
6.99 mln BGN  (+158.52%)

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 deposit guarantee scheme of Bulgaria. This scheme covers accounts up to 100,000 EUR per bank per depositor.

MKB Unionbank is a member of First Investment Bank (Bulgaria).

Contacts

30-32, General Totleben Blvd., 1606, Sofia, Bulgaria
http://unionbank.bg/

MKB Unionbank was headquartered in Sofia.

Bank Identifiers

MFI ID
BGCBUN9195
Close Date
March 2014