Mortgage loans in Bulgaria account for 45% of households' total liabilities;

The average gross monthly salary in Bulgaria has been growing steadily, almost tripling over the last 10 years, and has reached EUR 420.

In 2015 the indebtedness of Bulgarian households will reach 25% of GDP following a gradual decrease of a total of 1 % over 2013 and 2014. This is one of the main conclusions from the latest UniCredit's analysis on the CEE region, presented at the Annual meeting of the European Bank for Reconstruction and Development in Warsaw. The peak in new loan agreements was in 2008 when the liabilities of the Bulgarians represented 30.4% of GDP.

Over the last years mortgage loans have outpaced customer loans (with the exception of Russia and Turkey). In Austria, Germany and Italy housing loans have reached 34% of GDP, against 17% in CEE. Mortgage loans account for 45% of the total households' liabilities, while the remaining 55% are distributed among customer loans, overdrafts, credit cards and leasing. The weakest penetration of mortgage loans is observed in Russia where they account for only 4% of households' liabilities. Last year UniCredit provided households with loans in the total amount of EUR 28 billion and attracted deposits in the amount of EUR 25 billion.

While Bulgarian households' liabilities have been gradually decreasing, the net financial wealth per capita has grown 4 times in the course of the last 10 years. It is expected that in 2014 this indicator will reach an average of EUR 2 301 per capita.

Macro indicators

The average gross monthly salary in Bulgaria has been growing steadily, almost tripling over the last 10 years. In 2014 it will reach EUR 420. For comparison, in 2004 the average monthly salary in Bulgaria was EUR 150.

UniCredit's analyzers expect that this year the Bulgarian GDP per capita will reach EUR 5 585. This indicator has doubled in comparison with the value it had 10 years ago.

UniCredit

UniCredit is a leading European bank with strong roots in 17 countries. Our overall global network covers approximately 50 markets with nearly 9,000 branches and more than 147,000 employees (as of 31 December 2013).

In the CEE Region, UniCredit runs the largest and most diversified international banking network with approximately 3,600 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 31 December 2013).

More information for clients:

UniCredit Bulbank, Call Centre

Phone: 0700 1 84 84

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, flbufsjob/bodifwbAvojdsfejuhspvq/ch

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