Company lending in the region increased with 30% in 2008

UniCredit Bulbank chose Varna to open its first specialized center for servicing corporate clients. Today the center located in 28 Slivnitsa Street in Bulgaria’s sea capital officially opens for clients of the Bank.

It was not casually that Varna was selected for the first city to have a specialized Corporate Center. The region is among the most economically developed ones in Bulgaria with leading positions in the field of agriculture and tourism as well as the strongly performing sectors of industry, construction, transportation and sales.

In addition to the city of Varna, Varna Region includes several other towns with good economic prospects such as Shoumen, Dobritch, Devnya and Silistra. UniCredit Bulbank fully supports the business in the region in its aim to make utmost use of its strategic location”, UniCredit Bulbank’s MB Chairman and CEO Levon Hamparstumian said.

With the opening of its first specialized center UniCredit Bulbank will offer to its corporate clients – approximately half of all mid and large companies in the region – the flexible and client-oriented solutions that they need – all under one roof and in sufficiently discrete atmosphere, Head of Corporate Banking for Varna Region Yordanka Panova, said.

According to information of UniCredit Bulbank last year alone in Varna Region the Bank disbursed over BGN 500 million to the business in the region. This means that in 2008 the corporate loans increased with some 30% per year.

These data as well as the attracted over BGN 100 million in the form of company deposits are the clearest proof of the region’s potential.

For contacts:

UniCredit Bulbank, Public Relations and Corporate Communications

Victoria Blajeva, tel: 0894/570 159, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Ekaterina Ancheva: tel: 0894/518 193, Flbufsjob/bodifwbAvojdsfejuhspvq/ch