United Bulgarian Bank

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United Bulgarian Bank (Bulgarian: Обединена българска банка, Obedinena balgarska banka, abbreviated ОББ, UBB) is a Bulgarian bank founded in 1992 through the merger of 22 regional banks, marking the first and most large-scale consolidation in Bulgarian banking. Privatised in 1997, it has a network of 123 branches worldwide and is one of the leaders in the market in the country, particularly strong in the credit cards sector.

UBB has a Fitch Ratings long-term rating of BBB ("stable") and short-term rating of F3 ("fair quality"). Standard & Poor's' valuation is BBB- long-term and A3 short-term.

[edit] History

In 1992 United Bulgarian Bank was founded as a result of the merger of 22 Bulgarian regional banks.
In 2000 National Bank of Greece acquired 89.9% of the UBB.