KBC logo
arrow
contacts icon contacts icon

Contact us

Contact us

phone icon
0700 117 17

Domestic line

mobile icon
*7171

Short number for mobile users

international phone icon
+3592 483 1717

International line

mail icon
Send Inquiry

Send your inquiry via our contact form

locations widget icon locations widget icon

Offices and ATMs

Offices and ATMs

Choose the most convenient office or ATM for you

Online/Mobile Online/Mobile

Online/Mobile

Online/Mobile

tariffs widget icon tariffs widget icon

Fees and terms

rates widget icon rates widget icon

Exchange rates

Exchange rates

as of 30/11/2020 17:01:00

Cash payment
Non-cash payment
Selling rate
1.96000
1.95900
Buying rate
1.94850
1.95000
BNB fixing
1.95583
Cash payment
Non-cash payment
Selling rate
1.67140
1.66840
Buying rate
1.58940
1.59240
BNB fixing
1.63258
Cash payment
Non-cash payment
Selling rate
2.24119
2.23619
Buying rate
2.11619
2.12019
BNB fixing
2.17689
Cash payment
Non-cash payment
Selling rate
1.84583
1.84083
Buying rate
1.75983
1.76483
BNB fixing
1.80444
БГ

FITCH Upgrades United Bulgarian Bank Long Term Rating to 'BB'

19 November 2009

UBB maintains a leading position in the retail lending, according to the rating agency

Fitch Ratings, the international rating agency, upgraded the Long-term rating of United Bulgarian Bank (UBB) to 'BB' from 'B+' and affirmed its 'B' Short-term rating. The agency upgraded the bank's Long-term Outlook from Stable to Positive.

The positive upgrade now equals the UBB rating with the sovereign rating of Bulgaria, which according Fitch is also 'BB' with Positive Outlook.The positive upgrade of the Bank's rating is due to a great extend to the support from its parent company, National Bank of Greece, which holds an 89.9% stake in UBB.

According to the FITCH analysts UBB is managing successfully not only its corporate banking business, but is the first domestic bank, which is methodically increasing its presence on the retail banking market, and especially in its retail lending section.

The FITCH report also points out that the improving economic stability in Bulgaria gives the Bank a possibility to develop more aggressively new retail banking products and services, which resulted in rapid loan growth.

The latest FITCH upgrade follows the recent Standard & Poor's confirmatiom of UBB's long term "BB-" with Stable Outlook and short term "B" ratings.

Back to all news