Bulgaria · Credit institution
United Bulgarian Bank Ad
Legal name in the LEI recordОБЕДИНЕНА БЪЛГАРСКА БАНКА
United Bulgarian Bank AD (UBB) is a joint-stock company registered in Sofia, Bulgaria. KBC Bank NV holds 99.96% of its shares, and KBC Group NV of Belgium is the ultimate parent. The bank offers retail, micro, SME and corporate banking, together with payments, trade finance, markets and custody services in Bulgaria. It was founded in 1992 by consolidating 22 banks, was acquired by KBC in June 2017, and absorbed CIBANK in 2018 and KBC Bank Bulgaria in April 2023.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers. It is on the ECB list of supervised entities (see Regulatory status): that is banking supervision, not a licence on a tracked register.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Regulatory status
ECB banking supervision
List of supervised entities as of 2026-07-01
- Classification
- Significant institution
- Supervisor
- European Central Bank (direct supervision)
- Listed as
- United Bulgarian Bank AD
- Entity type
- Credit institution
- Supervised group (ECB)
- KBC Group NV
- Why significant
- Size (Total assets EUR 300-500 bn)
- Remarks
- #1: UniCredit Bulbank AD (549300Z7V2WOFIMUEK50) and United Bulgarian Bank AD (5299000PCY1EP8QJFV48) are among the three largest credit institutions in Bulgaria. These institutions are subsidiaries of UniCredit S.p.A. and KBC Group NV respectively, and are presented under those groups.
European registers
ECB · monetary financial institutions
List as at 2026-09-25
- Category
- Credit institution
- Minimum reserves
- Subject to minimum reserves
- Listed as
- United Bulgarian Bank AD
- RIAD code
- BGUBBS9200
ESMA · MiFID II register
Register as at 2026-09-28
| Entry | Competent authority | Authorised | Services or instruments |
|---|---|---|---|
| Investment services (MiFID II) | Financial Supervision Commission (FSC) | 1992-12-09 | A1 A2 A3 A5 A6 A7 B1 B2 B3 B4 B5 B6 B7 |
Service codes follow MiFID II Annex I: A for investment services, B for ancillary services. Hover a code for its meaning.
Entries are matched on the LEI. Each register is quoted as its publisher lists it.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- UBBSBGSFXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under UBBSBGSF directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- SCT · SCT Inst · T2 · TIPS
- Branch codes
- None: head-office BIC only
- BIC first registered
- 1998-12-05
- Last updated
- 2025-01-04
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
99.96% KBC Bank NV
Institution type
Universal bank
Trades as UBB
- Standing
- KBC Bank Bulgaria EAD (formerly Raiffeisenbank Bulgaria) merged into the bank on 10 April 2023. Bulgaria adopted the euro on 1 January 2026, and the bank's functional currency changed from BGN to EUR.
- Ownership
- KBC Bank NV holds 99.96% of the shares (193,937,998 of 194,008,837), and KBC Bank NV is wholly owned by KBC Group NV.
- Direct parent
- KBC Bank NV, Belgium 99.96%
- Ultimate owner
- KBC Group NV, Belgium
- Head office
- 89B Vitosha Blvd., UBB Millennium Center, 1463 Sofia, Bulgaria
- Company register
- UIC 000694959, Commercial Register (Registry Agency, Bulgaria)
- Name in the local language
- Обединена българска банка АД
Business lines
The bank serves households, micro businesses, SMEs and large corporates in Bulgaria, and distributes KBC Group insurance and investment products. According to its 2025 annual report, it is a primary dealer in Bulgarian government securities.
Online
- Websites & references
- ubb.bg ↗
ebb.ubb.bg ↗ UBB Online internet banking
developer.ubb.bg ↗ PSD2 API portal for developers
Wikipedia ↗ - Official social accounts
- LinkedIn ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗
Sources · 11 pages consulted
- ubb.bg/attachments/Tab/977/download_en/UBB-Financial-statements-2025.pdf
- ubb.bg/en/about/management
- ubb.bg/en/about/shareholders
- ubb.bg/en
- ubb.bg/en/business-clients/finansovi-institutsii-i-suvereni/banki
- ubb.bg/attachments/Product/292/download_en/List-of-main-correspondent-banks-for-payments-UBB-SSI
- ubb.bg/en/about/reports
- ubb.bg/en/news/view/diyana-dimitrova-kamenova-e-ofitsialno-vpisana-kato-chlen-na-us-i-izpalnitel
- ubb.bg/en/news/view/kbc-bank-bulgaria-merges-officially-in-to-united-bulgarian-bank-ad-ubb
- ubb.bg/attachments/Tab/884/download_bg/NOVA-Obshta-informatsiya-za-klientite-na-OBB-AD-otnosno-e
- en.wikipedia.org/wiki/United_Bulgarian_Bank
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Christof De Mil
Chairman of the Management Board and Chief Executive Officer; Country Team Manager of KBC Group for Bulgaria
- Chair
-
Peter Andronov
Chairman of the Supervisory Board
- Chief financial officer
-
Teodor Marinov
Member of the Management Board, Executive Director Finance
- Executive
-
Svetla Georgieva
Member of the Management Board, Chief Risk Officer (Country CRO)
- Executive
-
Diyana Dimitrova-Kamenova
Member of the Management Board, Executive Director SME Banking
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- European Union
- European Central Bank Prudential supervisor
- Bulgaria
- Bulgarian National Bank Central bankPrudential supervisorAML supervisorResolution
- European Union
- Single Resolution Board Resolution
- Bulgaria
- Financial Supervision Commission Securities
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
After regulatory approval, Diyana Dimitrova-Kamenova was registered as Management Board member and Executive Director SME Banking.
ubb.bg ↗ -
Merger / acquisition
The general meeting decided on 29 June 2026 not to pay 2025 dividends, citing the planned acquisition of UBB Interlease EAD in early 2027.
ubb.bg ↗ -
Other
Bulgaria joined the euro area on 1 January 2026, and the euro replaced the lev as the bank's functional currency.
ubb.bg ↗ -
Other
The bank stopped executing incoming and outgoing transfers in all currencies with banks operating in Russia and Belarus from 25 May 2025.
ubb.bg ↗ -
Leadership
Christof De Mil was elected Chief Executive Officer on 1 April 2025, and the change was registered on 17 April 2025.
ubb.bg ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- UBBSBGSFXXX
- How the BIC breaks down
- UBBSBank
- BGCountry · Bulgaria
- SFLocation
- XXXBranch · head office
- Branch description
- HEADQUARTER
- LEI
- 5299000PCY1EP8QJFV48
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
- National bank code
- BAE code UBBS9200 + 62 more
Profile
- Type
- Credit institutionListed as a credit institution, or a branch of one, on the ECB’s list of supervised entities, or named as a bank on the Financial Stability Board’s G-SIB list, directly or as a G-SIB’s main operating bank. These are the only bank lists the directory tracks so far.
- Regulation
- Prudentially supervised (ECB list)Prudentially supervised, according to the ECB list of supervised entities (as at 2026-07-01). This is banking supervision, not a licence on a tracked register.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Bulgaria · Europe & Central Asia
- Banking supervision
- Significant · supervised by the ECB as of 2026-07-01
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
- Direct parent
- Kbc Bank · Belgium6B2PBRV1FCJDMR45RZ53 ↗
- Ultimate parent
- Kbc Groep · Belgium213800X3Q9LSAKRUWY91 ↗
The Kbc Groep group has 26 institutions in the directory, in 16 countries: 25 hold a BIC and 1 does not.
Including Kbc Bank N.V., Cbc Banque S.A., Skip Pay s.r.o., 365.bank, A. S., Ceskoslovenska Obchodna Banka A.S..
See the Kbc Groep group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- VITOSHA BLVD., 89 B MILLENNIUM CENTER SOFIA 1463 112 BULGARIA
- Operational address
- MILLENNIUM CENTER VITOSHA BLVD. 89B SOFIA 1463 SOFIA BULGARIA
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>UBBSBGSFXXX</BICFI>
<LEI>5299000PCY1EP8QJFV48</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>UBBSBGSFXXX</BICFI>
<LEI>5299000PCY1EP8QJFV48</LEI>
<Nm>UNITED BULGARIAN BANK AD</Nm>
<PstlAdr>
<TwnNm>SOFIA</TwnNm>
<Ctry>BG</Ctry>
<AdrLine>VITOSHA BLVD., 89 B MILLENNIUM CENTER SOFIA 1463 112</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Payment schemes and systems
EPC registers of 2026-09-11 · ECB T2 list of 2026-07-02 · ECB TIPS list of 2026-09-01 · SIX Bank Master valid on 2026-09-28
| Scheme or system | Since | Registered with | Note |
|---|---|---|---|
| SEPA Credit TransferISO 20022 messages | 2008-01-28 | Head office | — |
| SEPA Instant Credit TransferISO 20022 messages | 2025-06-02 | Head office | — |
| T2 (Eurosystem real-time gross settlement)ISO 20022 messages | — | Head office | — |
| TIPS (TARGET Instant Payment Settlement)ISO 20022 messages | — | Head office | — |
SEPA dates are when the institution became ready for the scheme. The T2 list names direct participants only and gives no joining date. TIPS entries have no joining date.
An institution missing from T2 may still be reachable through an indirect participant. The ECB’s TIPS list does not separate participants from reachable parties. It includes institutions reachable in Swedish kronor as well as in euro.
“ISO 20022 messages” marks a scheme or system whose rulebook or operator specifies ISO 20022 for messages between participants.
National bank codes
BAE code · Bulgaria
Showing 10 of 63 codes file of 2026-09-09
| Code | Routes to BIC | Name in the national file |
|---|---|---|
| UBBS9200 | UBBSBGSF | Обединена българска банка АД |
| UBBS7070 | UBBSBGSF | Обединена българска банка АД, кл. Варна |
| UBBS7122 | UBBSBGSF | Обединена българска банка АД, кл. Бяла Слатина |
| UBBS7125 | UBBSBGSF | Обединена българска банка АД, кл. Казанлък |
| UBBS7126 | UBBSBGSF | Обединена българска банка АД, кл. Оряхово |
| UBBS7142 | UBBSBGSF | Обединена българска банка АД, кл. Дряново |
| UBBS7207 | UBBSBGSF | Обединена българска банка АД, кл. Априлци |
| UBBS7222 | UBBSBGSF | Обединена българска банка АД, кл. Берковица |
| UBBS7224 | UBBSBGSF | Обединена българска банка АД, кл. Лом |
| UBBS7242 | UBBSBGSF | Обединена българска банка АД, кл. Батак |
Each code shows the name in the national file. Smaller banks often route through a central institution’s BIC. A code can therefore belong to a different bank than the one on this page.
Network
Correspondent banking
The bank publishes 15 accounts at other banks.
- Own offices
- Correspondent banks: it holds accounts there
Hover over a branch, account or group to see its details
Correspondent accounts
Researched 29 Sep 2026 · Sources
15 accounts at other banks and 1 route through its own offices, in 15 currencies, as the bank publishes them: ubb.bg ↗ dated Dec 2024
| Currency | Correspondent | BIC | Account | Purpose | Directory check |
|---|---|---|---|---|---|
| AUD | KBC Bank NV Belgium | KREDBEBB | — | payments | Matches the Swift directory |
| CAD | KBC Bank NV Belgium | KREDBEBB | — | payments | Matches the Swift directory |
| CHF | KBC Bank NV Belgium | KREDBEBB | — | payments | Matches the Swift directory |
| CZK | Ceskoslovenska obchodni banka AS, Prague Czechia | CEKOCZPP | — | payments | Matches the Swift directory |
| DKK | KBC Bank NV Belgium | KREDBEBB | — | payments | Matches the Swift directory |
| EUR | KBC Bank NV Belgium | KREDBEBB | — | payments | Matches the Swift directory |
| EUR | UBB AD (direct via TARGET 2 for com. payments only) Bulgaria | UBBSBGSF | — | direct TARGET2 participation, commercial payments only | Settles directly |
| GBP | KBC Bank NV Belgium | KREDBEBB | — | payments | Matches the Swift directory |
| HUF | K&H Bank ZRT, Budapest Hungary | OKHBHUHB | — | payments | Matches the Swift directory |
| JPY | KBC Bank NV Belgium | KREDBEBB | — | payments | Matches the Swift directory |
| NOK | KBC Bank NV Belgium | KREDBEBB | — | payments | Matches the Swift directory |
| PLN | KBC Bank NV Belgium | KREDBEBB | — | payments | Matches the Swift directory |
| SEK | KBC Bank NV Belgium | KREDBEBB | — | payments | Matches the Swift directory |
| USD | KBC Bank NV Belgium | KREDBEBB | — | payments | Matches the Swift directory |
| RON | KBC Bank NV Belgium | KREDBEBB | — | payments | Matches the Swift directory |
| TRY | KBC Bank NV Belgium | KREDBEBB | — | payments | Matches the Swift directory |
PDF titled 'List of main correspondent banks for payments (SSI)', linked from the Banks page under Financial Institutions. All 16 rows are extracted. It gives currency, correspondent and SWIFT code only, with no account numbers. The file name indicates December 2024. The list predates euro adoption and still refers to TARGET 2, so it may be stale. The EUR row naming UBB AD is the bank's own direct TARGET2 route for commercial payments, not an account at another bank. Each correspondent BIC is checked against the Swift directory: a BIC missing from it, or registered to a differently named bank, may be a typo or out of date. Confirm settlement instructions with the bank before relying on them.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Payment schemes and systems—Source: European Payments Council (EPC) Registers of Participants; matched to BICs by Elucidate. Source: European Central Bank, List of T2 participants. Source: European Central Bank, List of TIPS participants and reachable parties.
- Banking supervision—Source: European Central Bank, list of supervised entities.
- National bank codes—Bulgaria (Source: Bulgarian National Bank).
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- European registers—Source: European Central Bank (ECB), list of monetary financial institutions and list of institutions subject to minimum reserves. Source: European Securities and Markets Authority (ESMA), MiFID II/MiFIR register (investment firms, trading venues, systematic internalisers, data reporting services providers). Matched on LEI by Elucidate.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: ubb.bg (official website) · original; Christof De Mil: ubb.bg (official website) · original; Peter Andronov: ubb.bg (official website) · original; Teodor Marinov: ubb.bg (official website) · original; Svetla Georgieva: ubb.bg (official website) · original; Diyana Dimitrova-Kamenova: ubb.bg (official website) · original.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
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