MKB Unionbank

Business Focus
universal banking

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

Ways to Bank

MKB Unionbank delivered its products and services through both direct and indirect channels, namely:
branch
online banking

Financials

Total Assets of MKB Unionbank
Net_income of MKB Unionbank
Market Share of MKB Unionbank
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.

Credit Ratings

Fitch: BB-
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

MKB Unionbank is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BB- (speculative).

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Bulgarian Deposit Insurance Fund (BDIF)
Covered Depositors
natural persons (Bulgarian and foreign)
legal entities (Bulgarian and foreign)
Covered Accounts
all funds on a bank account

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).

Contacts

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

MKB Unionbank was headquartered in Sofia.

Bank Identifiers

MFI ID
BGCBUN9195

Bank Supervision

Supervised By
Bulgarian National Bank

MKB Unionbank was authorized and supervised by the Bulgarian National Bank.

Bank History

Close Date
March 2014

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See Also

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