Before joining UniCredit, he was a chief economist for the developing European markets at the Institute for International Finance in Washington; Mitov has been a member of the IIF team for the last 18 years.

The eminent Bulgarian financier Lyubomir Mitov is the new UniCredit Central and Eastern Europe Chief Economist. He will take on his new position at the bank effective the beginning of March. Lyubomir Mitov used to be a chief economist for the developing European markets at the Institute for International Finance in Washington where he has been working for 18 years. He was senior economist at the Representation of the World Bank in Bulgaria and the Ministry of Foreign Economic Relations.

“We are very glad to have someone so experienced as Lyubomir Mitov to take on the role of CEE Chief Economist. His experience as a top professional on a global scale in his field is highly valued. We are convinced that he will contribute immensely to the bank’s operations in the region”, commented UniCredit Chief Economist Erik Nielsen.

“UniCredit is a leading European bank, known for its economic analyses covering the whole CEE region. I am looking forward to joining the team, especially at a time when the correct identification of positive and risk factors in the region is vital for the successful development of our business and the business of our clients”, shared Lyubomir Mitov. His office will be based in London.

Lyubomir Mitov has a PhD in International Relations from Moscow State University. He is fluent in English, Russian and German. He is the author of numerous studies and economic analyses.

UniCredit

UniCredit is a leading European commercial bank with strong roots in 17 countries.

Its overall global network embraces approximately 50 markets with around 8,600 branches and more than 148,000 employees, providing service to more than 40 million clients and customers.

The CET1 ratio, which measures the stability of the bank against Basel 3 rules, reaches 10.4, confirming that UniCredit is one of the most rock-solid banks in Europe. In the CEE Region, UniCredit runs the largest and most diversified international banking network with around 3,500 branches.

The Group operates in Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Germany, Hungary, Italy, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine (as of 30th September 2014).

More information for media:

UniCredit Bulbank, Identity & Communications Department

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

Magdalena Ivanova, Phone: + 359 2 9232 528, nbhebmfob/jwbopwbAvojdsfejuhspvq/ch