United Bulgarian Bank and KBC Bank Bulgaria have officially merged, after the merger was entered into the Commercial Register of Bulgaria. This operation took place with the permission of the European Central Bank and the Bulgarian National Bank.
In the summer of 2022, the Belgian KBC Groep acquired the business of Raiffeisen Bank International for the sum of over EUR 1 billion, and the bank was temporarily renamed KBC Bank Bulgaria. According to the Bulgarian National Bank, the new banking group UBB is now the leading bank in the country in terms of assets and a 19.3% market share. Along with its subsidiary companies operating in the field of insurance, leasing, pension insurance, asset management and factoring, it caters to more than 2.4 million clients in the country.
Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive..
The caretaker government has instructed Deputy PM and Minister of Finance Lyudmila Petkova to submit, by 11 September, a proposal for amending the REpowerEU chapters of the recovery and resilience plan. This is being done so as to make the..
Andrey Gyurov will cease to perform his duties as Deputy Governor in charge of the Issue Department and Member of the Governing Council of the Bulgarian National Bank (BNB) until the court and parliament make a decision, the BNB announced. The..
The investment in Sofia Airport's Terminal 3 will set new standards for the industry and travel in Eastern Europe, reports BTA, quoting Jesus Caballero,..
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