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 has increased its 2015 net income by 10.4% y/y up to BGN 199.9 million before provisions


The Bank reports a net profit equaling BGN 48.9 million by maintaining for a consecutive year its leadership position in the sector in terms of high capital adequacy and sufficient liquidity.

The Bank’s equity towards the end of Y2015, amounting to BGN 1.2 billion, grew by 5% y/y, while the total capital adequacy as at the end of the reporting year stood at 28.2%.

Mr. Stilian Vatev – UBB’s Chief Executive Officer, shared with the Bank’s shareholders: „The elapsed 2015 was yet another year, during which - notwithstanding the less favourable banking environment in Bulgaria and especially the adverse events in neighbouring Greece over the first six months -UBB demonstrated its resilience and preserved its main priorities:stable capital position, positive financial results, soaring competitiveness on the banking market.

Evidence of UBB’s favourable development stands not only its past year performance, but also the results - being one of the banking system’s best -achieved over the first five months of 2016.

During the current 2016 year we will persist in our efforts to maintain active and competitive banking business and a stable market position, while, alongside, focusing onthe internal optimization of processes and organization with a particular emphasis on customer service quality. These are the issues we have given prominence to as an ultimately responsible and serious attitude, since we believe they are going to grow into our main competitive edge over the years to come.“

The General Meeting of Shareholders has released from responsibility all members of UBB’s Board of Directors as regards their activity for managing the Bank over the period 1.01.2015 - 31.12.2015 and has re-elected Mr. Teodor Marinov a BoD Member for a 3-year mandate.

The elected auditing company for performing of audit and certification of the Bank’s Y2016 Annual Financial Statements, by recommendation of the Audit Committee, is Deloitte Audit OOD.

A new 3-year mandate has been voted for two members of the Bank’s Audit Committee – Mr. Dinko Yordanov and Ms. Boyka Brezoeva.

Main financial performance indicators of UBBas of 31.12.2015:

  • Profit before provisions: BGN 199.9 million
  • Profit before tax: BGN 54.1 million
  • Provisions: BGN 145.8 million
  • Net profit : BGN 48.9 million (on solo basis ) and BGN 51.2 million (on consolidated basis)
  • Return on Assets (ROA):  0.9 %
  • Return of Equity (ROЕ):  4.8 %
  • Capital Adequacy: 28.2 %
  • Tier One Capital Adequacy: 26.1 %