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 will be the name of the new united bank after the merger between CIBANK and UBB


Peter Andronov is the new Chief Executive Officer of UBB. KBC Group becomes the largest financial group in Bulgaria with a total of 10 companies.

Today, the first General Meeting of UBB after its acquisition by the Belgian bancassurance group KBC Group, voted for the one-tier management structure of UBB to be changed to a two-tier management structure, and it also selected the following members of the Supervisory Board of the bank: Luc Popelier, Chairman of the Supervisory Board, Willem Hueting, Member of the Supervisory Board, and Christine Van Rijsseghem, Member of the Supervisory Board. The three of them also form the Supervisory Board of the other bank in the group of KBC Group in Bulgaria – CIBANK.

After the General Meeting, the Supervisory Board has held its first meeting and has selected the members of the new Management Board of UBB. Chief Executive Officer and Chairman of the Management Board of UBB will be Peter Andronov, Country Manager of KBC Group for Bulgaria. He will combine his two new positions in UBB with his current management positions in CIBANK. The other members of the new Management Board of UBB are:

  • Christof De Mil, Chief Financial Officer, UBB
  • Frank Jansen, Executive Director Corporate and SME, UBB
  • Svetla Georgieva, Chief Risk Officer, UBB
  • Teodor Marinov, Executive Director Restructuring and Credit Management, UBB
  • Ivaylo Mateev, Chief Operations Officer, UBB


In the top management will be also Jan Swinnen as an Attorneys-in-Fact of UBB. At a later stage Hristina Filipova will also join the top management of UBB as a Procurator.

The new Chief Executive Officer Peter Andronov has disclosed that the name of the new united bank after the merger between UBB and CIBANK will be UBB, and as of today the logo of KBC Group is added to the graphic sign of UBB. He has clarified that for the time being the two banks continue to function as independent legal entities and there will be no significant changes for the clients before their operational union.

With the closure of the transaction of acquisition of UBB, KBC Group becomes the largest financial group in Bulgaria with 10 companies covering the full range of financial services. In addition to CIBANK and DZI (with two subsidiaries), the Group is joined by UBB, Interlease (with two subsidiaries), UBB Asset Management, UBB Factoring, UBB Insurance Broker and 60% of UBB Metlife.

Andronov also announced the new management of the subsidiaries. Chief Executive Officer of Interlease will be Rudolph Kypta, and Chairman of the Board of Directors of Interlease will be Frank Jansen. Katina Peycheva will continue to hold her current position of Executive Director of UBB Asset Management, and as a Chairman of the Board of Directors is appointed Jan Swinnen. Executive Director of UBB Insurance Broker will be Deyan Avramov, and Chairman of the Board of Directors – Frank Jansen. UBB Factoring will be headed by Tsvetana Georgieva, who is currently heading the company. Kosta Cholakov, who is Chief Executive Officer of DZI, will also hold the position of Chairman of the Management Board of UBB Metlife.


About KBC

KBC is an integrated multi-channel bank-insurance group, catering mainly for retail, SME and local midcap clients. It concentrates on its core markets of Belgium, Bulgaria, Czech Republic, Hungary, Ireland and Slovakia. Elsewhere around the globe, the group has established a presence in selected countries and regions. KBC’s headquarters are located in Brussels (Belgium). The group employs more than 38 000 people and is listed on Euronext Brussels (ticker symbol 'KBC').


About KBC’s presence in Bulgaria(www.cibank.bg, www.dzi.bg, www.kbc.com)

In 2007, KBC acquired both CIBANK and DZI Insurance. Collaboration in the field of bank-insurance between DZI and CIBANK has grown significantly in recent years.

CIBANK currently holds ninth position in terms of total assets. The bank serves its 240,000 retail and SME clients through a network of approximately 100 branches and through electronic channels. Insurance is distributed through various channels. CIBANK is a universal bank, focused on home finance and savings. The bank offers a comprehensive range of financial services on the market, using the successful KBC distribution model for bank-insurance. CIBANK has 1.6 billion euros worth of assets (3M2017), a loan portfolio of 0.9 billion euros and deposits of 0.9 billion euros.

DZI Insurance is active in both life and non-life insurance with market shares of 11,1% and 10,9%, respectively.

About UBB

UBB was established in 1992 through the merger of 22 Bulgarian regional commercial banks and has been part of the financial group of the National Bank of Greece (NBG) since 2000.

UBB caters for retail, SME and large corporate clients and offers the full range of financial and banking products, among which investment banking, insurance, mutual funds, brokerage services and leasing through its affiliates. UBB’s network comprises 190 branches and 691 ATMs in prime locations across the country.

UBB is Bulgaria’s fourth-largest banking group by total assets (3.5 billion euros) with market share of 7,4% as at the end of March 2017. UBB caters for approximately 875 000 retail customers with market share of 9,7% in retail loans. UBB also has a strong presence in the corporate banking market with a share of 7,6% in corporate loans.