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.

€5 million loan to United Bulgarian Bank for residential energy efficiency


EBRD funds help local home-owners save energy and money

The European Bank for Reconstruction and Development (EBRD) is providing a €5 million loan and technical assistance to United Bulgarian Bank (UBB) to finance investments that will improve the energy efficiency of residential buildings in Bulgaria.

The financing is part of the EBRD’s strategy to help the countries where it invests to address climate change and become less energy intensive.

It is being provided under the Residential Energy Efficiency Credit Line (REECL), a pioneering framework established by the EBRD in 2005 and extended twice due to strong market demand.

EBRD funds will be used for on-lending to homeowners, housing associations and privately-owned service providers. UBB will start on-lending in mid-July.

Under the REECL framework, UBB and end-borrowers will also benefit from technical assistance and grants sponsored by the Kozloduy International Decommissioning Support Fund.

Betsy Nelson, EBRD Vice President and Chief Risk Officer, said: “We are pleased to extend new financing and technical assistance to our long-standing partner United Bulgarian Bank. With its strong market position, committed team and a country-wide network, UBB will be instrumental in providing finance for much-needed energy efficiency improvements in the housing sector.”

Bulgaria is the most energy and carbon intensive country in the European Union (EU). The residential sector accounts for over 20 per cent of the national end-user energy consumption and is the third largest energy consumer after transport and industry. Domestic heating accounts for 70 per cent of Bulgaria’s residential energy consumption.

As Bulgaria is aligning its legislation with EU standards, improving energy efficiency in all sectors of the economy is a key element of its energy policy.

Stilian Vatev, Chief Executive Officer of UBB, said: “As a third consecutive joint initiative with the EBRD, via the noteworthy REECL, United Bulgarian Bank is providing support to Bulgarian households in their efforts to reduce the costs of one of the largest spending items of a family – heating. The new agreement is a natural continuation of the credit line, which has recorded high demand and effective performance. It is our absolute belief that this new initiative will achieve further success in reducing household expenses and improving standards of living for Bulgarian families.”

UBB is one of the largest banks in Bulgaria, providing universal banking services through its network of almost 200 branches. It is part of the financial group of National Bank of Greece. The EBRD was a shareholder in UBB between 1997 and 2004.

Focusing on energy efficiency is part of the EBRD’s overall strategy of helping to re-energise the transition process in its regions according to three key priorities: strengthening resilience, promoting integration, and addressing global and regional challenges.

The EBRD is one of the largest institutional investors in Bulgaria. To date, the Bank has invested over €3.3 billion in more than 220 projects in the country.

The Bank’s current strategy in Bulgaria focuses on strengthening financial sector intermediation through targeted investments and improved governance; enhancing competitiveness of companies, including small and medium-sized enterprises, through improved efficiency, governance and innovation; and narrowing the infrastructure gap through commercialisation and supporting reforms.