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 Allocates 1999 Profit for Dividend Pay-out


For the year ended the Bank doubled its profit as compared to the previous year

Following a decision of the Bank’s General Meeting of Shareholders held on 5th May 2000, it was announced that UBB would pay dividend. The General Meeting of Shareholders approved the Board of Directors’ proposal 1999 profit to be allocated for dividends pay-out at 34% per share.

The largest Bulgarian private bank generated in 1999 a profit after tax of BGN 26.6 m., which is almost double that of the previous period.

In 1999 United Bulgarian Bank increased its total assets by 18.4% exceeding BGN 1 billion. Return on Assets reached 2.6% and Return on Equity - 10.3% .

As of December 1999 total deposits amounted to BGN 753,6 m. marking an increase of 18.6% as compared to 1998 year end. As of December 1999 the net loans amount totalled to BGN 182.9. Compared to the same period of 1998 the net loan portfolio after provisions marked an increase of 33%. The 1999 net interest income was BGN 44.5 m. while the net non-interest income was BGN 30.4 m.

UBB is recognised by the International Financial Institutions

In recognition of the Bank’s performance, good management and strong market position, Thomson Bank Watch granted the Bank two double upgrades during 1999, with its short term credit rating, reaching the highest category LC-1. In March 2000, the rating agency also granted the Bank a Long Term Senior Debt Rating, equal to Bulgaria’s Country rating.

In 1999 the Bank continued to develop its co-operation with financial institutions and correspondent banks. The Bank was recognized by the German Agency for Export Insurance HERMES as guarantor for deals with German exporters. The Bank was qualified to participate as an L/C Issuing and Confirming Bank under EBRD’s Trade Facilitation Program servicing the international settlement in Central and Eastern Europe. The Bank was also qualified to participate in two USAID sponsored guarantee programs, “SME Business Development” and “Energy Saving Projects”.

The Bank is focused on satisfying the specific needs of its customers

In 1999 the customers’ base continued to include a large number of corporate clients. The Bank offers them a package of all types of services to satisfy their needs and to support their business progress. The Bank offers to the companies - corporate customers, small and medium-sized enterprises short and long-term financing under competitive terms and high quality service complying with the specific needs of each individual client.

The Bank is participating in specialised programs including a joint project for financing the purchase of agricultural machinery with Government Fund for Agriculture and the leading producer of agricultural machine, John Deere, the Regional Program with Microfund Smolian for granting of loans to start-up small business enterprises, and regional programs for financing of ecological agricultural projects and supporting small and medium-sized enterprises in the regions of Stara Planina.

UBB is a leader on the card products and services market

1999 was a successful year for the Bank’s card products and services. The Bank confirmed its leading position on the Bulgarian market in this sector through the expansion of its ATM and POS terminals network and through the implementation of new types of bank cards. In 1999 the Bank issued 77,936 new debit cards while the total number of cards issued as of May 2000 reached 180 000. The number of newly issued Eurocard / MasterCard and Visa cards almost tripled over the previous year.

Information Technologies - the challenges of the new century

In 1999 the Bank overcame several challenges, including the introduction of the Euro, re-denomination of the Lev, and the Y2000 IT issue. The Bank computerised the wholesale banking system through the implementation of the EQUATION system. The Bank also introduced SWIFT ALLIANCE, a new system for international foreign currency payments. The innovative development of the electronic banking system continued and the Bank introduced a range of integrated facilities for remote PC and telephone banking and a prototype of Internet driven banking.

During 2000 UBB will continue to increase its market share in the large corporate clients, small and medium-sized enterprises and individuals’ sectors. The Bank will introduce and start proactive sale of electronic banking products and will strengthen its positions in issuing debit and credit cards.