Among the achievements which earned the bank this prestigious distinction are: „the quality of the assets, the constantly strong capitalization and the impressive innovation rate. “
The authoritative international magazine Euromoney recognized UniCredit Bulbank as The Best Bank in Bulgaria for 2018. Banks from many different countries were awarded at a ceremony held in London late in the evening of July 11th, 2018.
“UniCredit Bulbank has been the top bank in Bulgaria for at least a decade and last year proved to be another strong year for it in terms of performance. Among the excellent achievements were the significant improvement in asset quality, the constant strong capitalization and the impressive rate of introducing innovations” – Euromoney explained the reasons behind its decision.
The Euromoney Awards recognize the institutions which have the best service, innovations and expertise for assisting clients. “The size of the distinguished banks is taken into account but it is not the most important indicator. The other indicators are the results and the opportunities for growth, as well as the ability to change and adapt in accordance with the market and the client’s needs,” said the magazine’s editor Clive Horwood.
“A bank is only as successful, as its client, partner and employee communities are. Without in any way making us complacent, the high appraisal of Euromoney gives us the opportunity to congratulate all of those communities and to show our gratitude for the good team-work. We accept this award, knowing that we still have a responsibility to continuously improve ourselves and to provide our clients with solutions tailored to their needs, which create added value for them, as well as for the whole community”, said Levon Hampartzoumian, CEO and Chairman of the Management Board of UniCredit Bulbank.
At the end of 2017 UniCredit Bulbank was the indisputable market leader in terms of assets (exceeding BGN 19 bn), attracted deposits (BGN 15.2 bn), disbursed loans and advances to clients (BGN 9.4 bn) and equity (BGN 2.8 bn). Recently the bank was also recognized by the international magazine Global Finance as the Best Bank in Bulgaria for the previous year. Another confirmation of the improved asset quality of the bank came from the rating agency Fitch, which at the end of last month upgraded the viability rating of the bank to bb+ and affirmed the long-term rating at BBB- and the outlook at stable.
Source: UniCredit Bulbank