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
PERNIK DISTRICT AND CITY INFORMATIONPernik
Invest Bulgaria Charts
Tax Revenue of Bulgaria
Tax Revenue of Bulgaria

Exchange Rate Lev Against the US Dollar
Exchange Rate Lev Against the US Dollar

See all charts
Did You Know?
The First Bulgarian Kingdom
The First Bulgarian Kingdom
At the time of its peak, the First Bulgarian Kingdom, was one of the largest countries in Europe ... More

Kyustendil is situated in the southern part of the Kyustendil Valley, 90 km south-west of Sofia. There are more than 40 mineral springs in the town. The waters are of considerable content of sulphite compounds. These are used for treatment of the locomotory system, gynaecological and other kinds of diseases.

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

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2025 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.


Лимузини под наем Electric and Hybrid Modules Repair 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. Supported by WorldStreet


Our Featured Members