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.

United Bulgarian Bank with the highest credit rating in Bulgaria, according to Fitch


UBB’s long-term rating ‘A-‘ is higher than those of Bulgaria

Fitch Rating Agency has upgraded the long-term rating of United Bulgarian Bank (UBB) for a second time this year, following the bank’s acquisition by the Belgian financial group KBC. Thus, within a couple of months, UBB’s rating has been raised with the unprecedented 7 grades – from ‘B+’, through ‘BBB+’ up to its current highest grade in the 25-year history of United Bulgarian Bank and the Bulgarian banking system, namely ‘A-‘.

This happenеd several days after the same agency’s announcement on 1st of December for upgrade of Bulgaria’s long-term IDR rating from ‘BBB-‘ to ‘BBB’. At the same time the country ceiling for Bulgaria was raised from ‘BBB+” to ‘A-‘. The upgraded long-term rating of UBB means in practice that it now exceeds the sovereign one by one grade.

The rating agency has also upgraded the Support Rating (SR) from ‘2’ to ‘1’, the short-term Issuer Default Rating (IDR) – from ‘F2’ to ‘F1’, and has changed the outlook from „Positive“ to „Stable“.

The upgraded long-term IDR and SR ratings of UBB reflect the opinion of Fitch for availability of potential support from the parent company – KBC Bank (with rating ‘A’, Positive Outlook). The stable outlook reflects that of the Bulgarian country.

In its press release to the media the agency announces that UBB is based in the region of Central and Eastern Europe, considered by KBC of strategic importance. In their assessment they also note the strong synergies between the bank and its parent company. It has also been taken into account that UBB is almost fully owned by KBC, as well as the high level of management and operational integration. „In our opinion, whatever need of support UBB might have it will be relatively small for the parent bank’s capacity to provide. This indicates the owner’s solid credit portfolio and the Bulgarian company’s relatively small size“, the rating agency representatives added.

The Chief Executive Officer of United Bulgarian Bank and Country Manager of КВС Group for Bulgaria, Peter Andronov, has made some comments on the occasion of the considerable upgrade of the bank’s rating: „The unprecedented upgrade of UBB’s rating is a clear indicator of the institution’s stability after its acquisition by the Belgian financial group KBC. Gradually and at a quick pace we are transforming the new united bank into an extremely reliable and significant financial partner of European-type quality. Having won the confidence and positive assessment of Fitch top rating agency I believe that with the forthcoming legal merger the trust of UBB and CIBANK’s clients will also be worthwhile".