United Bulgarian Bank
Encyclopedia
Bulgaria
Bulgaria , officially the Republic of Bulgaria , is a parliamentary democracy within a unitary constitutional republic in Southeast Europe. The country borders Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south, as well as the Black Sea to the east...
n bank founded in 1992 through the merger of 22 regional banks, marking the first and most large-scale consolidation in Bulgarian banking. Privatised in 1997, it has a network of 123 branches worldwide and is one of the leaders in the market in the country, particularly strong in the credit card
Credit card
A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services...
s sector.
UBB has a Fitch Ratings
Fitch Ratings
The Fitch Group is a majority-owned subsidiary of FIMALAC, headquartered in Paris. Fitch Ratings, Fitch Solutions and Algorithmics, are part of the Fitch Group....
long-term rating of BBB ("stable") and short-term rating of F3 ("fair quality"). Standard & Poor's
Standard & Poor's
Standard & Poor's is a United States-based financial services company. It is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds. It is well known for its stock-market indices, the US-based S&P 500, the Australian S&P/ASX 200, the Canadian...
' valuation is BBB- long-term and A3 short-term.
History
- In 1992 United Bulgarian Bank was founded as a result of the merger of 22 Bulgarian regional banks.
- In 2000 National Bank of Greece acquired 89.9% of the UBBUBBUBB may mean:* Babeş-Bolyai University of Cluj-Napoca, Romania* Ubb, the fictional leader of the Yuggs in the Cthulhu mythos* UBB.classic, Social Strata's now-discontinued Perl-based internet forum* Ubiquitin B gene...
.