Please read this License Agreement ("Agreement") carefully before clicking the "I Accept the Terms & Conditions" button.

By clicking the "I Accept the Terms & Conditions" button, you are agreeing to be bound by the terms and conditions of this Agreement to use the APIs in the Sandbox.

If you do not agree to the terms of this Agreement, do not click on the "I Accept the Terms & Conditions" button and do not add the API to the list of APIs your application will access.

1. Definitions

When used in this Agreement with the initial letters capitalized, in addition to the terms defined elsewhere in this Agreement, the following terms have the following meanings:

∙ API means the UNITED BULGARIAN BANK’S (UBB) application programming interface;

∙ Intellectual Property Rights means all patents, copyright and related rights, trademarks, logo, service marks, trade, design rights, business and domain names, rights in trade dress or get-up, rights in goodwill or to sue for passing off, rights in designs, database rights, rights in confidential information (including know-how and trade secrets) and any other intellectual property rights, in each case whether registered or unregistered and including all applications for, and renewals or extensions of, such rights, and all similar or equivalent rights or forms of protection in any part of the world.

∙ Sandbox is the software testing environment that enables the isolated execution of software or programs for independent evaluation, monitoring or testing. 

2. License

UBB grants you a limited,  non-transferable, non-exclusive, as-is, non sub licensable license

to use the API for the sole purpose of developing and testing your applications.

3. Restrictions

You shall not- 

∙ change or delete any copyright, trademark, tradename or other proprietary notices, legends, symbols, or labels appearing on or in the API;

∙ Disclose, share  or divulge any of the API specifications to any third party;

∙ Represent in any way that your application is approved, recommended or endorsed by us;

∙ Disable, or by pass any security protocols or measures or technical limitations of the APIs; 

∙ Modify, decompile, reverse engineer or otherwise alter the APIs;

∙ Participate or engage in any activity which restricts, hinders, impedes, interrupts or harms the API in any way or permits unauthorised access to the API;

∙ Use the API and the content thereon for any purpose other than those expressly permitted by these Terms of Use

UBB reserves the right to modify, suspend or discontinue, temporarily or permanently, the APIs, with or without notice and without liability to you.

4. Intellectual Property

Intellectual Property Rights 

4.1 We retain all Intellectual Property Rights with respect to UBB API’s,  including content and documentation and these may not be copied, transmitted or reproduced without our  prior consent. All Intellectual Property Rights and other rights in connection with the Portal  (including without limitation, information, graphics, software, text, sounds, images, trade marks, service marks, trade names and logos) are vested in us or our licensors.   You agree that you shall not obtain any Intellectual Property Rights, title or interest in the Portal other than in accordance with these Terms of Use.

4.2  You undertake not to do anything which would bring UBB or any of it trademarks, trade names, logos, or branding into disrepute or harm the reputation and goodwill of UBB.

4.3 You acknowledge and agree that we may independently develop or create applications, content or other services or products that may be similar to and/or compete with your applications and nothing in these Terms of Use shall prevent us from exploiting any such commercial opportunities.

5. Term and Termination

This Agreement shall remain in effect until terminated by you or UBB. 

UBB may, in its sole discretion, at any time and for any or no reason, suspend or terminate this Agreement with or without prior notice.

This Agreement will terminate immediately, without prior notice from UBB, in the event that you fail to comply with any provision of this Agreement. You may also terminate this Agreement by deleting the Application on our API.

Upon termination of this Agreement, you shall cease all use of the APIs on the Sandbox.

6. Severability

If any provision of this Agreement is held to be unenforceable or invalid, such provision will be changed and interpreted to accomplish the objectives of such provision to the greatest extent possible under applicable law and the remaining provisions will continue in full force and effect.

7. Amendments to this Agreement

UBB reserves the right, at its sole discretion, to modify or replace this Agreement at any time. What constitutes a material change will be determined at our sole discretion.

8. Applicable law and jurisdiction

The provisions of the Bulgarian law shall apply to this Agreement. Disputes betwen UBB and you related to, or arising from this Agreement shall, unless settled amicably between UBB and you, be brought for resolution before the competent Bulgarian court in Sofia, Bulgaria.

UBB Shareholders’ Info

Dear shareholders, please, find below answers, relating to the payment of dividends by UBB AD, which will start after 02.05.2017. In case you query does not match any explanation below, please do not hesitate to contact us by: dialing our Call Centre at 070011717 or *7171; writing to us at info@ubb.bg; visiting a convenient UBB branch throughout the country.

Needed Documents

For individuals:

Question: What documents should I present to obtain my dividend as an individual?

Answer: The payment of dividends to the Bank’s individual shareholders is made following the verification of their identity via a presented and valid ID card and in case the data about the person and his/her shareholding participation has been duly registered in the system of Central Depository AD.

Question: I am a legal heir of an individual shareholder of UBB. What documents should I provide you with in order to receive my dividend and where can I obtain those from?

Answer: Payment of dividends to legal heirs of a deceased shareholder will be made upon presentation of a Financial Instruments’ Holder Certificate (depositary receipt), issued in the name of the legal heir by Central Depository AD / a registration agent, a Legal Heir Certificate and the inheritor’s ID card.

Payment of dividends to more than one heir will be made on condition that all legal heirs have appeared together at the dividend’s payment, or in case an individual has appeared, duly authorized by all legal heirs with a notarized explicit power of attorney for the dividend’s receipt.

Question: I presently live abroad and I am an individual shareholder of yours. How can I receive my dividend?

Answer: Payment of dividend to a proxy of a shareholder, residing abroad is possible, if the authorizer’s signature on the power of attorney has been attested by a notary public and the document itself contains explicit wording, empowering the proxy to receive the dividend, due to the particular shareholder. If the power of attorney has been certified by a foreign notary, then the document has to be apostilled by the respective country’s competent authorities (provided that the particular country is a signatory to the Hague Convention of 05.10.1961 abolishing the requirement for legalization of foreign public documents). In case that the respective country is not a signatory to the said convention, the notarial attestation has to be certified by the Ministry of Foreign Affairs of the Country, in which the document has been issued and also this certification has to also be re-certified by the Bulgarian Diplomatic Representative Office in the respective country.

In case there is a legal aid agreement between the Republic of Bulgaria and the respective country as regards the need of additional certifications and legalizations of the attested notarized power of attorney, the applicable provisions are those of the particular legal aid agreement.

All documents in a foreign language have to be translated in Bulgarian by a translator, whose signature has to be certified by the Republic of Bulgaria’s Ministry of Foreign Affairs.

It is possible that the authorizer’s signature could be certified by the Republic of Bulgaria’s Consulate Office in the respective country, as in this case no additional attestations are needed.


For legal entities:

Question: What documents should I present in order to receive my dividend as a legal entity?

Answer: If the legal entity –shareholder is a client of the Bank and its data and share participation have been duly registered with the system of Central Depository AD, the payment of the dividend will be made upon request by the entity’s lawful representatives as per the documents, provided at the Bank, in certification of the entity’s legal status and manner of representation.

Upon changes in the circumstances, evidenced in the documents, provided to the Bank, documentation, certifying the made changes should also be presented.

If a legal entity-shareholder is not a client of the Bank, its legal representatives have to provide the respective documents, ascertaining the entity’s legal status and representation mandates.

Question: I am a legal successor of a UBB shareholder – legal entity. What documents do I have to present, in order to receive my dividend and where can I obtain those documents from?

Answer: You need to present documents, certifying the legal succession pursuant to the provisions of the applicable legislation.

Question: What power of attorney do I need in order to receive the dividend?

Answer: Dividend payment to a shareholder’s proxy is possible, if the authorizer’s signature on the power of attorney has been attested by a notary and the text contains an express statement, empowering the authorized person to receive the dividend, due to that particular shareholder.

Tax-related Issues

For individuals

Question: I had calculated my dividend as X amount, but I received Y аmount instead. Why did that happen?

Answer: The amount of the dividend, due to each shareholder of the Bank, has been calculated by Central Depository AD in accordance with the total dividend to be paid, as voted at the Bank’s General Meeting of Shareholders. If the shareholder is a person, subject to withholding tax deduction, the net paid amount is less the determined tax.

Question: What tax do I owe for the dividend, if I am an individual shareholder?

Answer: Pursuant to the effective legislation, the personal income tax equals 5% on the calculated dividend. The tax is withheld from the dividend’s gross amount, as this is an obligation of the payer. In other words, the Bank has already paid your tax.

Question: I am an individual shareholder, so do I have to declare the dividend in my tax return?

Answer: No. Individuals do not need to declare any dividends they have received.


For legal entities

Question: What tax for the dividend do I owe, if I am a legal entity?
Answer: Withholding tax is levied on dividends, paid by local legal entities in favor of:

  • foreign legal entities, with the exception of the cases, when the dividends are realized by a foreign legal entity through a place of business in this country;
  • local legal entities that are not merchants, including municipalities

Exceptions to the above rule are cases when the dividends have been allocated in favor of:

  • local legal entity, participating in a company’s capital as a representative of the State;
  • mutual fund;
  • foreign legal entity that is a tax resident in an EU member – state, or in another country – party to the Agreement on the European Economic Area, with the exception of cases of hidden profit allocation.

The due tax is 5%


Question: What is the dividend per share for 2015?

Answer:  BGN 3.42

Question: What is the dividend per share for 2016?

Answer: BGN 1.288537

Question: I have not received my dividend for 2015. Can I receive my dividends for both years altogether and what documents should I present?

Answer: Yes, you can receive your dividend for both years altogether at any UBB branch. The documents you need to present are the same.

Question: I acquired shares of the Bank after the date of the General Shareholders’ Meeting, at which a decision for dividend payment was made. Am I entitled to receive any dividend?

Answer: Rights to obtain dividends have only those persons/entities that were shareholders of the Bank as of the date of holding the General Shareholders’ Meeting, at which a decision for dividend payment was made.

Question: I am not included as a shareholder of the Bank in the system of Central Depository AD and/or my data is wrong / incomplete. What do I have to do?

Answer: If the Bank’s officials have informed you that you are not on the list of the Bank’s shareholders, as provided by Central Depository AD and/or your data is wrong /incomplete, you need to present at a branch of the Bank the documents that you have at your disposal, certifying your shareholding participation. The Bank’s employees will notify you within ten business days of the further actions that should be undertaken.

Question: How can I receive my dividend?

Answer: Dividend is paid upon a shareholder’s request in the following manners:
- in cash at a teller’s desk
- with a transfer to an account with the Bank
- with an interbank transfer in Bulgarian leva (BGN).

Question: Can I receive my dividend in any UBB branch?

Answer: Yes, you can.