With the new product the customers will be able to receive higher interest rate on deposits;

Bank’s analyses show that in the last months of the year the Bulgarian households prefer to save and reduce their indebtedness

UniCredit Bulbank begins to offer a new combined product – deposit with investment in Pioneer Investments, Combo type. With this product the customers will be able to receive higher interest rate than the one on the standard one-year deposits, thanks to their investment in the funds. The investment in Pioneer’s collective schemes can be 15%, 30% or 50% from the funds of the customer, and the remaining portion will be used for opening of a one-year time deposit.

The deposit with investment in Pioneer Investments is in EUR, whereby the minimum amount for opening is EUR 30 thousand. The customers who choose the new combined product, will receive a 50% discount on the annual maintenance fee for a new or an existing Visa Classic or MasterCard Standard credit card.

“Combo deposit creates preconditions for receiving additional yield on our customers’ savings. Our product allows us to offer professional distribution of the money in various classes of assets thus matching fully the customer’s willingness for risk on the financial markets and his/her expectations“, said Ivan Dzhonov, Head of Private Banking in UniCredit Bulbank.

The analysis of UniCredit Bulbank for the household’s behavior during the third quarter of the year shows that in reply to the insecure environment, Bulgarians prefer to save in deposits and try to reduce their indebtedness. Between July–September the net financial wealth of the households increases with nearly BGN 908 mio, thanks to the bank deposits, the figures show.

At the same time the households continued to reduce their indebtedness whereby the indebtedness ratio (calculated through the debt-to-financial assets ration) reached 54% - considerably below the record high levels of 71% registered during the first quarter of 2009.

The Bank’s analysts expect for the households to continue to be cautious and to rely on savings at least until the end of the first quarter of 2012.

More information for media:

UniCredit Bulbank, Identity & Communications Department

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

Ekaterina Ancheva, Phone: + 359 2 9264 963, еlbufsjob/bodifwbAvojdsfejuhspvq/ch

More information for clients: UniCredit Bulbank, Call Centre Phone: 0700 1 84 84