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 and the US have already signed an agreement on the automatic exchange of tax information. The document was signed by Deputy Prime Minister and Finance Minister Lyudmila Petkova and US Ambassador to Bulgaria Kenneth Merten. "Administrative..
In May, the economic situation in the country improved for a second month in a row. There was an improvement in retail trade, construction and services, but there was a decline marked in industry. In construction, industry and services, no price..
The Bulgarian National Bank held an auction for the sale of securities with 3-year maturity at a 3% interest rate. At the auction, the Ministry of Finance offered bonds worth EUR 150 million. Interest will be paid once in 6 months, with the loan..
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate..
sunshine, cloud, rain and thunder
Clear
Partly Cloudy
Partly cloudy, chance of rain