United Bulgarian Bank AD

United Bulgarian Bank AD is a universal bank, offering retail and corporate banking products and services to its customers.

Financials

Total Assets (2017)
7 349.66 mln BGN  (+7.58%)
Net Income (2017)
-56 398 000.00 BGN

United Bulgarian Bank AD is the 5th largest bank in Bulgaria in terms of total assets. In 2017 its total assets were 7 349,66 mln BGN, providing the bank with the market share of 7.51%. In 2017 the bank's net income was -56,40 mln BGN.

United Bulgarian Bank AD is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality).

United Bulgarian Bank AD participates in deposit guarantee scheme of Bulgaria. This scheme covers accounts up to 100 000 EUR per bank per depositor.

United Bulgarian Bank AD is a member of National Bank of Greece (Greece).

Contacts

5, Sveta Sofia Str., 1040, Sofia, Bulgaria

United Bulgarian Bank AD is headquartered in Sofia.

Bank Identifiers

BIC (SWIFT)
UBBSBGSF
MFI ID
BGUBBS9200

Financial Positions

Total Assets (2017)
7 349.66 mln BGN  (+7.58%)
Total Equity (2017)
970.69 mln BGN  (-10.41%)

In 2017 total assets of United Bulgarian Bank AD were 7 349.66 mln BGN. Growth compared to the previous period (2016) was 7.58%. The evolution of the total assets of United Bulgarian Bank AD is shown at Chart 1 below.

Total Assets of United Bulgarian Bank AD.

Chart 1. Total Assets of United Bulgarian Bank AD.

Recent changes in total assets of United Bulgarian Bank AD and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 787.2 1 560.5 +98.23%
Loans 4 149.0 4 126.5 -0.54%
Total Assets 6 831.7 7 349.7 +7.58%
Table 1. Recent changes in total assets of United Bulgarian Bank AD (mln BGN).

Recent changes in total liabilities of United Bulgarian Bank AD and its main components are shown in Table 2.

2016 2017 % change
Deposits 5 713.4 6 339.0 +10.95%
Total Liabilities 6 831.7 7 349.7 +7.58%
Table 2. Recent changes in total liabilities of United Bulgarian Bank AD (mln BGN).

Profit and Loss

Net Income (2017)
-56 398 000.00 BGN

Recent changes in gross profit of United Bulgarian Bank AD and its main components are shown in Table 3.

2016 2017 % change
Interest Income 283.5 238.3 -15.92%
Interest Charges -28.5 -14.7 -48.40%
Commission Income 95.1 94.0 -1.11%
Commission Charges -6.1 -5.4 -10.54%
Table 3. Recent changes in gross profit of United Bulgarian Bank AD (mln BGN).

In 2017 net income of United Bulgarian Bank AD was -56 398 000.00 BGN. Decline compared to the previous period (2016) was -150.72%. The evolution of the net income of United Bulgarian Bank AD is shown at Chart 2 below.

Net Income of United Bulgarian Bank AD.

Chart 2. Net Income of United Bulgarian Bank AD.

Market Share and Rank (among banks in Bulgaria)

Total Assets (2017)
5th (market share 7.51%)
Loans (2017)
7th (market share 6.91%)
Deposits (2017)
4th (market share 7.53%)

In 2017 United Bulgarian Bank AD was ranked the 5th largest bank in Bulgaria in terms of total assets, having 7.51% of the domestic market share.

Market share of United Bulgarian Bank AD (among banks in Bulgaria)

Chart 3. Market share of United Bulgarian Bank AD (among banks in Bulgaria)

Several banks having the market shares and ranks closest to United Bulgarian Bank AD are shown below.

RankNameTotal AssetsMarket Share
4 Eurobank Bulgaria AD7421.47 mln BGN7.59%
5 United Bulgarian Bank AD7349.66 mln BGN7.51%
6 Raiffeisenbank (Bulgaria) EAD6997.36 mln BGN7.15%
 

Credit Ratings (as of May 2018)

Fitch Moody's
A- (high credit quality) - (not rated)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. United Bulgarian Bank AD is rated by Fitch.

Credit ratings assigned to United Bulgarian Bank 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 United Bulgarian Bank AD it is set to A- (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for United Bulgarian Bank AD is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  bb-
Support Rating  1
Support Rating Floor  WD

Viability rating for United Bulgarian Bank AD is set to bb- (speculative fundamental credit quality); support rating is 1 (extremely high probability of external support); support rating floor is WD (withdrawn).

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 United Bulgarian Bank 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 United Bulgarian Bank AD and its components are shown in the table below.

BIC  UBBSBGSF
Bank BIC Code  UBBS
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 United Bulgarian Bank AD is shown in the table below.

MFI ID  BGUBBS9200