News | United Bulgarian Bank

KBC Bank Bulgaria merges officially in to United Bulgarian Bank AD (UBB) 10 April 2023

The legal merger at this stage leads to no significant changes for the clients

UBB: Inflation is retreating hesitantly 15 February 2023

13% average annual inflation for 2022 Forecast for this year - 10.5% Pessimistic expectations for development of the inflation basically fuel it

KBC Group

KBC acquires Bulgarian operations of Raiffeisen Bank International 15 November 2021

KBC Group

KBC Group has closed the deal on the acquisition of the business of NN in Bulgaria 30 July 2021

As a result of the reached agreement NN Pension Insurance Company is being renamed to UBB Pension Insurance, while NN Life Insurance is being merged into DZI Life Insurance

KBC Group

KBC Group opens a Digital Development Center in Varna 12 April 2021

KBC Group

KBC Group to acquire NN’s Bulgarian pension insurance and life insurance businesses 11 February 2021

KBC Group and the Netherlands-based NN Group reached agreement for DZI – Life Insurance, part of the Belgian banking and insurance group, to acquire all the shares of NN Pension Insurance company and all of the assets and liabilities of NN Insurance

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