March 24, 2018 2:04 PM ET


Company Overview of UniCredit Bulbank AD

Company Overview

UniCredit Bulbank AD provides various corporate and retail banking, and asset management services in Bulgaria. It operates through Retail Banking; Corporate and Investment Banking and Private Banking; Leasing; and Asset-Liability Management Dept. and Other segments. The company offers current accounts, savings accounts, and charity donation accounts, as well as term and overnight deposits. Its loan products include consumer, mortgage, working capital, investment, specialized, and start-up loans, as well as loan insurances; and trade, agriculture, and structured financing solutions. The company also provides investment and insurance products and services; payment solutions; credit and debit c...

7 Sveta Nedelya Sq.

Sofia,  1000


4,149 Employees


359 2 923 27 88

Key Executives for UniCredit Bulbank AD

Chairman of Management Board and Chief Executive Officer
Chief Financial Officer
Deputy Chairman of Management Board, Chief Operative Officer and General Manager
Age: 47
Chief Executive Officer of Unicredit Bank - Slovenia
Head of Global Banking Services Division & Member of the Management board
Compensation as of Fiscal Year 2017.

UniCredit Bulbank AD Key Developments

UniCredit Bulbank Announces Executive Changes

UniCredit Bulbank appointed Jasna Mandac as new CFO. Jasna Mandac will replace Emilia Palibachiyska as chief financial officer of Bulgaria's UniCredit Bulbank. Mandac is coming from UniCredit Group's Croatian unit, Zagrebacka Banka, where she last held the position of market and operational risk and validation director.

European Investment Fund Signs Guarantee Deals with 5 Bulgarian Banks in Support of Small and Medium-Sized Enterprises

European Investment Fund (EIF) has announced that it has signed guarantee agreements with five Bulgarian banks which will generate a total of EUR 385 million ($408.9 million) of finance to small and medium-sized enterprises (SMEs) in the country. The agreements signed with United Bulgarian Bank, Raiffeisenbank Bulgaria, UniCredit Bulbank, Procredit Bank and CIBank, aim to improve access to finance for over 4,000 Bulgarian SMEs, including micro companies and start-ups, by ensuring that the banks committed to the SME initiative offer financing at lower interest rates. The five guarantee transactions are covering two-thirds of the target 600 million euro of total SME funding available under the initiative. The SME Initiative is a joint programme blending support from the European Commission, EIB Group and EU member states with a view to stimulating SME financing by providing partial risk cover for SME loan portfolios originated by financial entities. Alongside European structural and investment funds contributed by member states, the SME Initiative is co-funded through Horizon 2020 resources as well as benefiting from EIB Group resources.

UniCredit Bulbank Announces Executive Changes

UniCredit Bulbank announced the Teodora Petkova enters the Management Board of the Bank as Chief Risk Officer. Since 1st September, Enrico Minniti, former Head of UniCredit's Corporate and Investment Banking for CEE, will be the new General Manager and Deputy Chairman of the Management Board of UniCredit Bulbank. He takes on the position from Andrea Casini, who was chosen by the UniCredit Board of Directors as Co-head of the Group's Italian business, in charge of Retail Banking. At the same time Teodora Petkova, former Head of the International Center of UniCredit Bulbank, enters the Management Board of UniCredit Bulbank as Chief Risk Officer. She takes on the position from Patrick Schmitt, who continues his development in UniCredit as Chief Risk Officer of Yapi Kredi. The necessary regulatory approvals and registrations of the new appointments to the board of UniCredit Bulbank are expected. Enrico Minniti has substantial professional experience in several banks in UniCredit. He started his career in Credito Italiano as a relationship manager in 1997, and in 2000 he took on managerial responsibility in the structured finance department. Teodora Petkova started work at Bulbank in 2002 as credit analyst, whereafter as senior credit analyst she was for three years in charge of the evaluation of loans to corporate and key clients. In 2007, she became manager and afterwards senior manager of Corporate Credit Underwriting. From 2009 to 2015 she was Head of Credit Risk Department, and in September 2015 she became Head of the International Center of CIB&PB Division.

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Recent Private Companies Transactions

December 4, 2017
Non-Performing Credit Portfolio
November 7, 2017
UniCredit Bulbank AD, Non Performing Credit Portfolio

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