United Bulgarian Bank
 | |
| Founded | 1992 |
|---|---|
| Headquarters | Sofia, Bulgaria |
| Total assets | €3359.38 mln (2014)[1] |
| Total equity | €595.84 mln (2013)[1] |
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.
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.