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Best Bank: UniCredit Bulbank |
With more than 1.2 million customers, UniCredit Bulbank remains by far the biggest bank in Bulgaria, providing a wide range of products and services through its universal banking platform. In 2008, despite the challenging economic backdrop, the bank further strengthened its already strong market position, increasing its assets by 21.5%, compared with an average level of 17% for the rest of the banking sector.
Thanks to its 260 branches and 4,000 employees, UniCredit Bulbank registered strong growth across the board, with net profit increasing by 16.5%. It is a mainstay of the Bulgarian economy, with the bank’s loan portfolio growing by 38.4% in 2008 compared with a market average of 32.2%.
