Teodora Petkova enters the Management Board of the Bank as Chief Risk Officer

Since 1st September, Enrico Minniti, former Head of UniCredit's Corporate and Investment Banking for CEE, will be the new General Manager and Deputy Chairman of the Management Board of UniCredit Bulbank. He takes on the position from Andrea Casini, who was chosen by the UniCredit Board of Directors as Co-head of the Group's Italian business, in charge of Retail Banking. At the same time Teodora Petkova,former Head of the International Center of UniCredit Bulbank, enters the Management Board of UniCredit Bulbank as Chief Risk Officer. She takes on the position from Patrick Schmitt, who continues his development in UniCredit as Chief Risk Officer of Yapi Kredi. The necessary regulatory approvals and registrations of the new appointments to the board of UniCredit Bulbank are expected.

"We are welcoming Enrico to the strong team of UniCredit Bulbank. I believe that his solid international experience will contribute to the bank's further development and reinforcement of its success and reputation“, said Levon Hampartzoumian, CEO and Chairman of the Management Board of UniCredit Bulbank. He added that the appointment of Andrea Casini in Italy is an excellent opportunity for him and convincingly demonstrates that the success he achieved with UniCredit Bulbank enjoys a well-earned international recognition. "I would like to thank Patrick of the excellent results from our cooperation. I wish him and Teodora Petkova lots of success at their new positions“ Hampartzoumain added.

Enrico Minniti has substantial professional experience in several banks in UniCredit. He started his career in Credito Italiano as a relationship manager in 1997, and in 2000 he took on managerial responsibility in the structured finance department. In 2003, he moved to UBM where he worked towards the strengthening of UniCredit's leadership in financing in Italy.

The international career of Enrico Minniti started with his appointment as manager of the specialized lending unit in Bank Austria in Vienna in 2007. After that in 2008 he joined the team of Ukrsotsbank in Ukraine as Head of Real Estate, Specialized Lending and Restructuring.

In 2010 he was invited to return to Bank Austria to create the department for coordination of the financing activities in CEE. Under his management UniCredit has established itself as a CEE leader in this field and has won several prestigious international awards.

In March 2015, Enrico Minniti became Head of CEE CIB and contributed to the development of the business in the region.

Teodora Petkova started work at Bulbank in 2002 as credit analyst, whereafter as senior credit analyst she was for three years in charge of the evaluation of loans to corporate and key clients. In 2007, she became manager and afterwards senior manager of Corporate Credit Underwriting.

From 2009 to 2015 she was Head of Credit Risk Department, and in September 2015 she became Head of the International Center of CIB&PB Division.

The Management Board of UniCredit Bulbank consists of seven members:

Its Chairman and Chief Executive Officer of the bank is Levon Hampartzoumian; Enrico Minnti is Deputy Chairman of the Management Board and Chief Operating Officer; Tsvetanka Mincheva is a member of the Management Board and Director of Retail Banking Division; Antoaneta Curteanu is a member of the Management Board and Director of CIB&PB Division; Luboslava Uram is a member of the Management Board and Director of GBS Division; Emilia Palibachiyska is a member of the Management Board and Chief Financial Officer; Teodora Petkova is a member of the Management Board and Chief Risk Officer.

Vitoria Blajeva, Phone: + 359 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

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