UniCredit Bulbank AD

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.

Financials

Total Assets (2017)
19 096.09 mln BGN  (+2.52%)
Net Income (2017)
297.65 mln BGN  (+2.13%)

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.

Member of Group

 UniCredit (Italy)

Contacts

7, Sveta Nedelya Sq., 1000, Sofia, Bulgaria

UniCredit Bulbank AD is headquartered in Sofia.

Bank Identifiers

BIC (SWIFT)
UNCRBGSF
MFI ID
BGUNCR9660

Financial Positions

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.

Total Assets of UniCredit Bulbank AD.

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.

2016 2017 % change
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.

2016 2017 % change
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).

Profit and Loss

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.

2016 2017 % change
Interest Income 512.8 481.5 -6.11%
Interest Charges -66.1 -45.6 -31.13%
Commission Income 222.2 242.6 +9.19%
Commission Charges -21.6 -25.8 +19.59%
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.

Net Income of UniCredit Bulbank AD.

Chart 2. Net Income of UniCredit Bulbank AD.

Market Share and Rank (among banks in Bulgaria)

Total Assets (2017)
1st (market share 19.52%)
Loans (2017)
1st (market share 17.94%)
Deposits (2017)
1st (market share 18.97%)

In 2017 UniCredit Bulbank AD was ranked the 1st largest bank in Bulgaria in terms of total assets, having 19.52% of the domestic market share.

Market share of UniCredit Bulbank AD (among banks in Bulgaria)

Chart 3. Market share of UniCredit Bulbank AD (among banks in Bulgaria)

Several banks having the market shares and ranks closest to UniCredit Bulbank AD are shown below.

RankNameTotal AssetsMarket Share
1 UniCredit Bulbank AD19096.09 mln BGN19.52%
2 DSK Bank EAD12150.12 mln BGN12.42%
3 First Investment Bank AD8642.56 mln BGN8.84%
 

Credit Ratings (as of May 2018)

Fitch Moody's
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.

Fitch

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-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F3
Viability Rating  bb
Support Rating  2
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.

Deposit Guarantee

Deposit Guarantee
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)
Covered Currencies  all
Maximum Protected Amount  100 000 EUR
Paid In Currency  BGN

Further Information

BIC

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.

BIC  UNCRBGSF
Bank BIC Code  UNCR
Country Code  BG (Bulgaria)
Location Code  SF
Branch Code  -

MFI ID

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.

MFI ID  BGUNCR9660

European Presence: 25 banks in 17 countries

UniCredit Bulbank AD operates under the brand name UniCredit. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Austria

Bulgaria

  •  (this bank) UniCredit Bulbank AD (Sofia)

Czech Republic

France

Germany

Greece

Hungary

Ireland

Italy

Luxembourg

Romania

Serbia

Slovakia

Slovenia

Spain

Switzerland

United Kingdom

Defunct Banks: 4 banks in 4 countries

The following banks operating under UniCredit brand name has been recently closed down:

Cayman Islands

Estonia

Latvia

Lithuania