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 clients can now invest in their comfort zone with ExpertEase

On 20 June 2019 KBC Group announced the establishment of a branch of KBC Asset Management in Bulgaria and simultaneously with that launched an innovative investment product: ExpertEase funds. The newly established branch is going to support the sales of funds, created by the product factories of both KBC Asset Management, as well as UBB Asset Management and is going to use the branch networks of UBB and DZI as a distribution channel. The aim of the ExpertEase funds is to combine a cliеnt’s comfort zone with a particular investment solution. This innovative investment philosophy is being referred to as “Comfort Zone Investing" (CoZI).

The comfort zone is being determined not only by a client’s own knowledge and experience, by his/her financial means and targets, by the duration of the selected investment period, but also by his/her loss tolerance. 

The "Comfort Zone Investing" (CoZI) concept expands the conventional approach by including aspects, linked to the emotional side of investments. During a personal meeting with an investment consultant from UBB the client and the consultant together determine the investor type, his/her risk profile and loss tolerance, his/her goals and expectations. Having done that the investment solution is being managed by the experts at KBC Asset Management, who follow closely market fluctuations and respond adequately to those, in order to keep the investment within the profile’s parameters.

„We can proudly share that КВС Asset Management is a leader in terms of market share in Belgium and Bulgaria. The company is in top 3 on the main markets where it operates. We are convinced that the penetration of КВС Asset Management on the Bulgarian market is going to strengthen the presence of КВС Group in Bulgaria and is going to offer innovative products to the clients of UBB and DZI“, said Johan Lema, Chief Executive Officer of KBC Asset Management. „Only 1 out of 50 clients of UBB use investment funds. For comparison, in Belgium 1 out of 5 clients of the Bank is also a client of the asset management company.  We see huge potential for growth on the Bulgarian market and our aim is to attract 1 out of 6 clients of the bank to use investment plans over the next years“, he also added.

„The potential of the investment funds’ market are the idle funds of Bulgarian citizens in deposit and savings accounts with interest rates close to 0%.  The gap between interests on savings and the inflation reduces the actual yield down to negative values. Hence, investment funds are an appropriate alternative. Given the present investment funds’ market of BGN 1.5-2 billion I believe an increase by 1-2 billion over the next 2 years is realistic, as we cannot expect so quick conversion from deposits to investment products“, Peter Andronov, Country Manager of KBC Group for Bulgaria, explained.

Embedding behavioral parameters in investment solutions creates trust and confidence for the investor that he/she remains in his/her comfort zone aided by techniques and expertise, provided by the fund managers of KBC Asset Management.

„We observe that people do not accept yield and losses in the same way. This is the reason for our more and more focusing on the emotional aspect of investing and on the personalized description of investors. This has inspired us to offer an innovative approach to investments and clients. It is this new approach that we have named CoZI. CoZI not only means that investors have a personalized portfolio with return, corresponding to their investment needs, but also ensures their comfort when the stock market takes a positive or a negative turn. For the achievement of that objective CoZI combines long-term experience with new scientific discoveries”, Frank Van De Vel, Chief Sales & Client Support Officer of KBC Asset Management, added.

„Clients from the countries where KBC Asset Management operates have already invested over EUR 9.4 billion in ExpertEase funds ”, Katina Peycheva, General Manager of the KBC Asset Management Branch in Bulgaria and Executive Director of UBB Asset Management, added. The approach to investments as an emotional and not only rational decision provides clients with new experience and ensures quality beyond that of conventional investment practices.


KBC Asset Management’s moto is “Think Local, Create Together” with presence on six home markets with the following market shares: Belgium (31%), Czech Republic (24%), Slovakia (7%), Hungary (12%), Ireland (8%) and Bulgaria (15%), servicing a total of over 1.2 million clients and employing more than 520 employees.  The assets under management amount to EUR 214 billion. KBC Asset Management has highly efficient operations based on straight-through processing, relying on technologically enhanced human expertise with a focus on innovations.

UBB Asset Management has 15 years of history on the Bulgarian market and manages 9 funds of total worth over BGN 230 million. The managed funds are among the most successful in this country and they offer innovative opportunities for investment on the Bulgarian an international stock markets. UBB Asset Management is number one on the local funds’ market.