UniCredit is one of the largest European commercial banks. UniCredit is focused on providing financial products and services in Western and Central and Eastern Europe. UniCredit has 4 main business lines: commercial banking (including retail, direct, private and business banking), corporate and investment banking, asset management and asset gathering.
UniCredit Bulbank AD is the 1st largest bank in Bulgaria in terms of total assets. In 2017 its total assets were 19 096,09 mln BGN, providing the bank with the market share of 19.52%. In 2017 the bank's net income was 297,65 mln BGN.
UniCredit Bulbank AD is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality).
UniCredit Bulbank AD participates in deposit guarantee scheme of Bulgaria. This scheme covers accounts up to 100 000 EUR per bank per depositor.
UniCredit Bulbank AD is headquartered in Sofia.
|Total Assets (2017)|
|19 096.09 mln BGN (+2.52%)|
|Total Equity (2017)|
|2 853.26 mln BGN (+5.29%)|
In 2017 total assets of UniCredit Bulbank AD were 19 096.09 mln BGN. Growth compared to the previous period (2016) was 2.52%. The evolution of the total assets of UniCredit Bulbank AD is shown at Chart 1 below.
Chart 1. Total Assets of UniCredit Bulbank AD.
Recent changes in total assets of UniCredit Bulbank AD and its main components are shown in Table 1.
|Cash and deposits with Central Banks||4 602.2||4 079.9||-11.35%|
|Loans||10 336.4||10 713.0||+3.64%|
|Total Assets||18 625.8||19 096.1||+2.52%|
|Table 1. Recent changes in total assets of UniCredit Bulbank AD (mln BGN).|
Recent changes in total liabilities of UniCredit Bulbank AD and its main components are shown in Table 2.
|Deposits||15 622.6||15 973.0||+2.24%|
|Total Liabilities||18 625.8||19 096.1||+2.52%|
|Table 2. Recent changes in total liabilities of UniCredit Bulbank AD (mln BGN).|
|Net Income (2017)|
|297.65 mln BGN (+2.13%)|
Recent changes in gross profit of UniCredit Bulbank AD and its main components are shown in Table 3.
|Table 3. Recent changes in gross profit of UniCredit Bulbank AD (mln BGN).|
In 2017 net income of UniCredit Bulbank AD was 297.65 mln BGN. Growth compared to the previous period (2016) was 2.13%. The evolution of the net income of UniCredit Bulbank AD is shown at Chart 2 below.
Chart 2. Net Income of UniCredit Bulbank AD.
|BBB- (good credit quality)||- (not rated)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. UniCredit Bulbank AD is rated by Fitch.
Credit ratings assigned to UniCredit Bulbank AD as of May 2018 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for UniCredit Bulbank AD it is set to BBB- (good credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for UniCredit Bulbank AD is set to F3 (fair short-term credit quality).
|Long-Term Issuer Default Rating||BBB-|
|Short-Term Issuer Default Rating||F3|
|Support Rating Floor||-|
Viability rating for UniCredit Bulbank AD is set to bb (speculative fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is not set.
|Yes (up to 100 000 EUR per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Bulgaria are obliged to participate in Bulgarian deposit guarantee scheme.
In the case of UniCredit Bulbank AD failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||natural persons, legal entities|
|Covered Accounts||all funds on a bank account (term deposit, demand deposit, savings or current account, etc)|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||BGN|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of UniCredit Bulbank AD and its components are shown in the table below.
|Bank BIC Code||UNCR|
|Country Code||BG (Bulgaria)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of UniCredit Bulbank AD is shown in the table below.
The following banks operating under UniCredit brand name has been recently closed down: