Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
Follow:
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
NEWS BY TOPIC
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
NEWS BY SECTOR
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Fitch Affirms 3 Bulgarian Mid-Sized Banks
FITCH AFFIRMS 3 BULGARIAN MID-SIZED BANKS
Date: 11/07/2012
Source: novinite.com
Fitch Affirms 3 Bulgarian Mid-Sized Banks

Fitch rating agency has affirmed the long-term issuer default ratings of three mid-sized Bulgarian banks.

The banks are Societe Generale Express Bank AD (SGE) and Allianz Bank Bulgaria AD (ABB) at 'BBB+' with a Stable Outlook.

Fitch has also maintained MKB UnionBank AD's (MKBU) Long term IDR of 'BBB+' on Rating Watch Negative (RWN).

At the same time, the agency has affirmed ProCredit Bank (Bulgaria) AD's (PCB) Long-term IDR at 'BB+' with a Stable Outlook and upgraded PCB's Viability Rating (VR) to 'bb-' from 'b+'.

SGE is wholly owned by Societe Generale, while PCB is 81% owned by ProCredit Holding AG & Co.

Allianz SE is the controlling shareholder of ABB through its 66% share in Allianz Bulgaria Holding, which in turn owns a 79.9% in ABB.

MKBU's direct shareholder is MKB Bank Hungary Zrt, in turn owned by Bayerische Landesbank.

The IDRs and Support Ratings of SGE, ABB, MKBU and PCB are driven by the high probability of the banks being supported by their respective majority shareholders, if required, the agency said in a statement.


Topic: Financial



Featured District
PLEVEN DISTRICT AND CITY INFORMATIONPleven
Invest Bulgaria Charts
Gross Domestic Product of Bulgaria per Capita
Gross Domestic Product of Bulgaria per Capita

Domestic Credit of Bulgaria
Domestic Credit of Bulgaria

See all charts
Did You Know?
Nazdrave
Nazdrave
Making a toast when drinking liquor is de rigeur. When toasting, raise your glass and lightly clink ... More

Pleven is located in the very heart of Miziya, in the agricultural region, surrounded by low limestone hills. Its central location in Northern Bulgaria defines its importance as a big administrative, economic, political, cultural and transport centre.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2021 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

 
Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.


SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile BestFlowers.bg Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.


Our Featured Members