United Bulgarian Bank

United Bulgarian Bank ( _bg. 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.

ee also

* List of banks in Bulgaria

External links

* [http://www.ubb.bg/ United Bulgarian Bank website]
* [http://www.nbg.gr/en/index.html National Bank of Greece website]