Municipal Bank AD

 (3.0; 1 ratings)
3.0 1

Business Focus

universal banking

Established in 1996, Municipal Bank AD operates as a universal commercial bank, providing a broad range of retail and business banking products and services to private individuals and companies.


retail banking
business banking


current accounts
savings accounts
time deposit accounts
debit cards
credit cards
consumer loans
mortgage loans
overdraft loans

Account Currencies

BGBGN (Bulgarian lev)
EUEUR (Euro)

Card Providers


International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits

See Also

Account Opening

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

Visit bank branch

Due to regulatory requirements Municipal Bank AD performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Municipal Bank AD will ask him/her to provide the following documents: passport; proof of address. For corporate clients Municipal Bank AD will ask to provide corporate documentation as well as information about controlling persons. Municipal Bank AD may request additional documentation or information depending on the case. Municipal Bank AD performs client's identity verification via branch visit.

Ways to Bank

Municipal Bank AD delivers its products and services through both direct and indirect channels, namely:
online banking


Total Assets of Municipal Bank AD
Net_income of Municipal Bank AD
Market Share of Municipal Bank AD
Total Assets (2019)
2,045.60 mln BGN  (+8.07%)
Net Income (2019)
1.19 mln BGN  (-82.77%)

Municipal Bank AD is the 12th largest bank in Bulgaria in terms of total assets. In 2019 its total assets were 2 045,60 mln BGN, providing the bank with the market share of 1.79%. In 2019 the bank's net income was 1,19 mln BGN.

Credit Ratings

Fitch: -
AA+, AA, AA-
A+, A, A-
BB+, BB, BB-
B+, B, B-
Moodys: Ba2
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

Municipal Bank AD is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Ba2 (non-investment grade speculative).

Deposit Guarantee

Guarantee Fund
Bulgarian Deposit Insurance Fund (BDIF)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

Municipal Bank AD 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. Municipal Bank AD is a member of Bulgarian Deposit Insurance Fund (BDIF) and makes its contributions into it.


6, Vrabcha Str., 1000, Sofia, Bulgaria

Municipal Bank AD is headquartered in Sofia.

Bank Identifiers


Bank Supervision

Supervised By
Bulgarian National Bank

Municipal Bank AD is authorized and supervised by the Bulgarian National Bank.

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universal banking

Banking Products in Bulgaria

See Also

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16 March 2020