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27.04.2007

The newly formed "UniCredit Bulbank" starts in Bulgaria

  • Bulbank, HVB Bank Biochim and Hebros Bank merged into UniCredit Bulbank

The subsidiaries of UniCredit Group in Bulgaria, the three banks Bulbank, HVB Bank Biochim and Hebros Bank, merged into "UniCredit Bulbank" as of 27 April 2007 when the last court registration to the new entity has been granted.

The new bank is the indisputable market leader in Bulgaria with assets of around 4,2 billion euros. Over one million individual and corporate customers in the country will benefit from an extensive banking network of more than 300 branches and 4,000 employees.

UniCredit Bulbank is a universal bank with an ambitious growth strategy in servicing individual clients, private customers, small and mid sized businesses, and larger domestic and multinational corporates. Due to the size of UniCredit Group, UniCredit Bulbank will be able to use economies of scale and thus provide faster and more efficient products and services to the clients. Moreover, clients are able to use cross-border business service throughout the banking network.

The business goals ahead of UniCredit Bulbank are challenging and therefore a strong team of leaders was selected to head the new bank. The Management Board consists of five members: Levon Hampartzoumian is the CEO and Chairman of the Management Board of UniCredit Bulbank; Peter Harold is the Chief Operative Officer and Deputy Chairman of the Board and Andrea Casini is Chief Business Officer. The management board also includes the CFO Stanislav Georgiev and the Chief Director of Global Business Services Emilia Palibachiyska.

UniCredit Group is a strong European player and operates the largest international banking network in the CEE region with more than 3,000 branches. More than 65,000 employees serve some 24 million customers in 17 countries in the region.

The group maintains banking activities in the following countries: Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia,  Hungary, Latvia, Lithuania, Macedonia, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine. Within UniCredit Group, Bank Austria Creditanstalt (BA-CA) is responsible for the banking activities in CEE (excluding Poland and Ukraine).

Enquiries: Bank Austria Creditanstalt, Communications CEE
Silvia Stefan, Tel. +43 (0)5 05 05-57126
e-mail: silvia.stefan@ba-ca.com