The general meeting of shareholders of United Bulgarian Bank that was held on 22th of April had appointed a supervisory body with the following members:the executive director of BCC Dimitar Dimitrov, Ilia Radev, deputy-minister of construction and the chief secretary of the Council of ministers Valentin Korkinov. The bank ended the financial year with losses of BGL1billion. At the same time it marked decrease of the risk's assets from 78% in1993 to 46% in 1994. Increase in the capital, regardless of EBRD will participate in its recapitalization, is predicted.
Source: Other (23.05.1995)

The first bank cards "Borika" will be introduced to the market till the end of this year. So far participants in the national system for non-cash payments are the State Savings Bank, the BNB, and the United Bulgarian Bank.
Source: 24 chasa (26.07.1995)

The Board of Governors of the BNB allowed the United Bulgarian Bank to issue bank cards called BORIKA. This is the first permission granted by the BNB in connection with bank cards.
Source: Other (07.08.1995)

Mass Privatization Consortium is the first official candidate for organizing of the information and explaining campaign for the process of mass privatization. Incorporators of the fore-mentioned consortium are United Bulgarian Bank, Business Bridge Ltd. and Kontekst Ltd. The Executive Director of the Center for Mass Privatization to the Council of Ministers Kalin Mitrev will announce the opening of a competition for the information servicing of the prvatization through vouchers.
Source: Other (24.08.1995)

United Bulgarian Bank will initiated proceedings against Elprom (Rousse) for its bankruptcy promulgation. The permission of the Privatization Agency has to given for the beginning of the proceedings. The firm owes about BGL 80 million to United Bulgarian Bank. The interests over the takings amount to BGL 70 million. The fixed capital of the company is pf BGL 152 million.
Source: Other (25.08.1995)

The United Bulgarian Bank and Post bank granted a credit of BGN 960 million, provided by the State Fund for Reconstruction and Development. With the resource will be paid the nuclear fuel for the 5th energy block of NPS Kozlodui.
Source: 24 chasa (28.08.1995)

Plovdiv District Court registered the documents of Edelvais-Kiten Ltd. The major activities of the company are connected with construction and managing of the state property near Kiten. Its capital amounts to BGL 120 000 and it is allocated to shares with nominal value of BGL 1000. Incorporators of the new company are United Bulgarian bank, Struma SPLtd, domostroene SPLtd, etc.
Source: State Gazette (22.09.1995)

The general meeting of the creditors of CD Pram voted for initiating of proceedings against the manager Rumen Hristov for financial infringements. The firm has obligations toward Balkanbank - BGL 13 million and United Bulgarian Bank - BGL 1,5 million.
Source: Pari (29.09.1995)

Skygroup became the new owner of the can fabric Zhagorets, buying 67% of its shares. The enterprise owes BGL 258 million to Balkanbank, United Bulgarian Bank and the State Savings Bank. The buyer has to invest BGL 126 million in the fabric.
Source: Standart (11.10.1995)

Ilia Pavlov, Balkanbank as a corporate entity, Radka Sokolova, Vasil Markovsky and Evgeny Goranov will enter the new board of directors of Discount House. This was decided by the general meeting of the company that took place on 17th of October. United Bulgarian Bank and Balkanbank cut their participation in two. The company deposited capital of BGL 22,8 million by the present moment and the registered capital amounts to BGL 30 million.
Source: Standart (18.10.1995)

United Bulgarian Bank and Bulgarian Post Bank granted credit of BGL 950 million to the National Electrical Company. BGL 500 million of the credit are given on the part of the United Bulgarian Bank and the rest BGL 450 million on the part of the Post Bank. The interest on this loan will be 4% over the basic rate of interest. The credit is necessary for the buying of nuclear fuel. Other credits to the electrical company are granted by the State Fund for Reconstruction and Development and they are serviced by TS Bank, Elitbank, Mineralbank, Sofiabank and First Private Bank.
Source: Banker (30.10.1995)

Hebrosbank JSC, United Bulgarian Bank JSC, Balkanbank JSC, First Private Bank JSC, Central Cooperative Bank JSC, First East International Bank JSC, Expresbank JSC, Bulgarian Agricultural and Industrial Bank JSC, Balkan Universal Bank JSC and International Bank for Commerce and Development JSC will grant credits to several fodder plants.
Source: Trud (28.11.1995)

The most important present problem of the enterprises of the agricultural sector is their obligations to the banks. Major creditors are United Bulgarian Bank JSC, Hebrosbank JSC, Balkanbank JSC, Bulbank JSC, Economic Bank JSC and First Private Bank JSC.
Source: Other (04.12.1995)

The biggest project of Investment Fund Razvitie ever for the construction of a united business centre in Sofia started on 29th of November. The chairman of the fund's board of directors said that Technoexport (the firm that will build the edifice) would become shareholder of the company through buying of shares. Thus the predominantly state possessed shareholders of the fund commence 5. The other four companies are United Bulgarian Bank, State Insurance Institute, State Savings Bank and Intransmash Engineering.
Source: Capital (04.12.1995)