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KBC Bank Bulgaria information


KBC Bank Bulgaria
FormerlyRaiffeisenbank (Bulgaria) EAD
IndustryFinancial services
Founded1994
HeadquartersSofia, Bulgaria
Total assets6 450.20 mln BGN (2015)[1]
Total equity€460.79 mln (2015)[1]
Number of employees
over 3,000 (as of December 2010)
ParentKBC Group (since 2022)
Websitewww.ubb.bg/ubb-kbc-bank

On 10th of April 2023, UBB and KBC Bank Bulgaria officially united after the re-organization of KBC Bank Bulgaria EAD, through its merger into United Bulgarian Bank AD, was entered in the Commercial Register. The legal merger is the next step in the integration of the two banks after the Belgian KBC Group acquired the business of Raiffeisen Bank International in Bulgaria in the summer of 2022.

KBC Bank Bulgaria (previously known as Raiffeisenbank (Bulgaria) EAD) is fully licensed bank with operations in Bulgaria and abroad. KBC Bank Bulgaria is a universal bank, providing a full range of banking products and services to large corporate customers, small and medium-sized enterprises, retail clients and institutional clients.

As of 30 December 2010 total assets amounted to BGN 6.56 billion ranking it as the fourth[2] largest bank in the country. Over 3000 employees of service more than 730 000 customers through a network of 188 branches. The bank has also built an Agent Network of mobile bank consultants.

KBC Bank Bulgaria is a 100% subsidiary of Belgium based KBC Group. KBC Group is a multi-channel bank-insurer, focusing on private clients and small and medium-sized enterprises in Belgium, Bulgaria, Czech Republic, Hungary, and Slovakia.

  1. ^ a b Bank Profile: Raiffeisenbank (Bulgaria) EAD
  2. ^ "Distribution of Banks by Groups as at 30 June 2011" (PDF). Bulgarian National Bank.

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