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KBC Group Buys Raiffeisenbank (Bulgaria) in record 1 billion euro deal

KBC Group Buys Raiffeisenbank (Bulgaria) in record 1 billion euro deal

KBC Group is also owner of United Bulgarian Bank (UBB) and the merger of the two banks will create a third local giant of the caliber of UniCredit Bulbank and DSK



The golden passports of Bulgaria; the new lockdown and the elections; how to get a year of free rent

The golden passports of Bulgaria; the new lockdown and the elections; how to get a year of free rent

K Insights 19/03: the dirty campaign begins and what is cyberethics


The deals of 2020: Few and far between

The deals of 2020: Few and far between

The pandemic practically froze the M&A market. Buyers are still mostly local faces


KBC expanding into Bulgaria’s pension insurance market

KBC expanding into Bulgaria’s pension insurance market

The Belgian group is acquiring Dutch-based NN’s Bulgarian businesses for 77.7 mln euro


A big plan that bets on hydrogen and solar, 100 million euro losses per week and how to get Bulgarians to vaccinate

A big plan that bets on hydrogen and solar, 100 million euro losses per week and how to get Bulgarians to vaccinate

K Insights 12/02: April will be very busy, and coming up: new debt and a 5000 hp supercar



The pressure below surface

The pressure below surface

Bulgarian banks remained profitable in the first three quarters of 2020 despite the coronavirus impact but with the expiry of the credit moratorium drawing nearer pressure will likely increase on profit margins in the coming months


Bulgaria finally enters the euro’s waiting room

Bulgaria finally enters the euro’s waiting room

The country will continue implementing reforms in the judiciary and in the fight against organized crime and corruption, according to the ECB


ECB’s test: who failed and who passed

ECB’s test: who failed and who passed

Four Bulgarian banks passed the European Central Bank’s comprehensive assessment, whereas Fibank and Investbank face capital shortfalls


The best banks of 2018

The best banks of 2018

UniCredit Bulbank returns to take the lead in K10, the annual ranking of the leading banks in Bulgaria by Capital newspaper, largely thanks to a dividend sweetener in its profit


Bulgaria’s euro bid moves a step closer

Bulgaria’s euro bid moves a step closer

The positive outcome of ECB’s asset quality review of Bulgarian banks will be the real entry ticket


New stress tests for Bulgarian banks

New stress tests for Bulgarian banks

The European Central Bank will be conducting an assessment of six lenders starting in November


New billion-lev deal in Bulgaria’s banking sector

New billion-lev deal in Bulgaria’s banking sector

DSK Bank is set to buy Societe Generale Expressbank for close to 1.0 billion levs, or 1.3 times its capital, vying for the top spot in the sector in terms of assets.


Demand for business properties drops

Demand for business properties drops

The lack of high quality projects and rising prices cited as the principal reasons


Accelerator for Bank Mergers

Accelerator for Bank Mergers

After the sector shrunk by four banks in the last five years, at least two more sales and a merger are expected before year-end.


The best banks in Bulgaria in 2017

The best banks in Bulgaria in 2017

DSK Bank returns to the top spot


Au Revoir, SocGen

Au Revoir, SocGen

The Eastern European market turned too tight for Société Générale


You’ll be sold if you are small or deficient

You’ll be sold if you are small or deficient

Narrowing margins, a result of negative interest rates and stringent regulations, make smaller banks less and less profitable


UBB SELLS RECORD NPL PORTFOLIO TO EOS MATRIX

UBB SELLS RECORD NPL PORTFOLIO TO EOS MATRIX

THE SALE IS THE BIGGEST NPL DEAL SO FAR, AS BULGARIAN BANKS CONTINUE TO CLEAN THEIR BALANCE SHEETS