REQUEST A DEMO
Total
USD $0.00
Search more companies

Eurobank Bulgaria AD (Bulgaria)

Main Activities: Commercial Banking
Full name: Eurobank Bulgaria AD Profile Updated: September 11, 2019
Buy our report for this company USD 29.95 Most recent financial data: 2018 Available in: English & Bulgarian Download a sample report

Postbank (legally known as Eurobank Bulgaria AD) is an universal Bulgarian bank, which offers a full range of banking services and products: various types of accounts and deposits, consumer loans, mortgage loans, special products for financing small enterprises and entrepreneurs, corporate credits, mutual funds, investments and cash management, foreign exchange transactions, credit and debit cards, bank guarantees and letters of credit, securities trading and trade finance activities.
Bulgarian commercial bank Postbank was first established in April 1991 and Eurobank EFG Bulgaria AD was created after the merger of Bulgarian Postbank and DZI Bank in November 2007. In November 1998, Bulgarian government sold 78.23% of Postbank to a venture between American Life Insurance Company (ALICO), part of American International Group Inc., and Greece’s Consolidated Eurofinance Holdings (CEH) for USD 38 million. ALICO/CEH boosted its stake in Postbank to 86.24% under an equity increase in 2000.
In July 2004, EFG Eurobank – Ergasias officially announced that it had acquired 96.74% of the shares in Postbank for an undisclosed sum.
January 2005 – the lender launched a leasing company EFG Leasing, which offers financial leasing for industrial, transport, commercial, construction and other equipment. In March, same year, Postbank set up another leasing company – EFG Auto leasing, which offers financial and operational leasing schemes for all types of vehicles, as well as sub-leasing for corporate and individual clients.
At the end of 2006 Eurobank EFG group acquired control of Bulgarian DZI Bank, as a result of the conclusion of the acquisition of 74.26% of DZI Bank’ s shares through the Sofia Stock Exchange, following an agreement dated September 29, 2006 with DZI Bank shareholders to acquire their participation in the bank. As a result of additional transactions with international institutional investors at the Sofia Stock Exchange, by the end of December 2006 Eurobank EFG Group acquired control of over 90% of DZI Bank.
Netherland’s EFG New Europe Holding and Greek EFG Eurobank Ergasias controlled almost 90% of the bank as of end-2009.
Eurobank Bulgaria operates through a network of more than 180 branches all over the country.

Headquarters
260 Okolovrasten Pat Str.
Sofia; Sofia - city; Postal Code: 1766

Contact Details: Purchase the Eurobank Bulgaria AD report to view the information.

Website: http://www.postbank.bg

Basic Information
Total Employees:
Purchase the Eurobank Bulgaria AD report to view the information.
Outstanding Shares:
Purchase the Eurobank Bulgaria AD report to view the information.
Registered Capital:
Purchase the Eurobank Bulgaria AD report to view the information.
Financial Auditors:
Purchase the Eurobank Bulgaria AD report to view the information.
Incorporation Date:
May 15, 1991
Key Executives
Purchase this report to view the information.
Executive Director and Member of the Management Board
Purchase this report to view the information.
Executive Director and Member of the Management Board
Purchase this report to view the information.
Executive Director and Member of the Management Board
Purchase this report to view the information.
Member of the Management Board
Purchase this report to view the information.
Member of the Supervisory Board
Ownership Details
Purchase this report to view the information.
56.14%
Purchase this report to view the information.
43.85%
Subsidiaries
Erb Property Services Sofia EAD
Company Performance
Financial values in the chart are available after Eurobank Bulgaria AD report is purchased.
Looking for more than just a company report?

EMIS company profiles are part of a larger information service which combines company, industry and country data and analysis for over 145 emerging markets.

Request a demo of the EMIS service
Key Financial Highlights
Annual growth percentages for latest two years in local currency BGN. Absolute financial data is included in the purchased report.
Net interest income
5.46%
Net fee and commission income
11.26%
Operating profit (EBIT)
-0.83%
Net Profit (Loss) for the Period
5.1%
Total assets
14.48%
Total equity
9.04%
Total Assets Trend
3.36%
Net Interest Income Trend
-4.14%
Cost to Income Ratio
1.18%

To view more information, Request a demonstration of the EMIS service

Buy this company report
Need ongoing access to company, industry or country information?