# UniCredit Bulbank

> Source: https://docs.barcoder.ai/docs/wallets/unicredit-bulbank
> research date 2026-05-30 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [UniCredit Bulbank — official](https://www.unicreditbulbank.bg/)

## Overview

**UniCredit Bulbank** is **UniCredit S.p.A.'s Bulgarian subsidiary** + **one of Bulgaria's largest banks** <sup>[1][1], [2][2], [Bulgaria report](https://docs.barcoder.ai/docs/payments/BG)</sup>. **H1 2023 baseline (most recent published)**: 15%+ of all sales of financial products in UniCredit Bulbank were made entirely remotely; **Bulbank Mobile distinctive Bulgarian banking app** (iOS + Android; UniCredit Bulbank's main Bulgarian banking app); Bulbank Online + bulbank.bg online banking suite.

**Distinctive UniCredit Bulbank positioning** <sup>[1][1], [2][2], [3][3]</sup>:
- **UniCredit S.p.A.'s Bulgarian subsidiary** (UniCredit Group = Italy #2 by assets; HypoVereinsbank Germany + UniCredit CEE 13-country footprint)
- **One of Bulgaria's largest banks** (alongside [DSK Bank](https://docs.barcoder.ai/docs/wallets/dsk-bank) + Postbank + Fibank + Central Cooperative Bank)
- **Bulbank Mobile distinctive Bulgarian banking app** (iOS + Android; UniCredit Bulbank's main Bulgarian banking app)
- **H1 2023**: 15%+ of all sales of financial products in UniCredit Bulbank were made entirely remotely
- **2007 UniCredit Bulbank formed via UniCredit acquisitions of Bulbank + HVB Bank Biochim + Hebros Bank** — distinctive Bulgarian banking consolidation
- **1964 Bulbank founding** (Българска външнотърговска банка; Bulgarian Foreign Trade Bank) — distinctive Bulgarian banking heritage (Bulbank ultimate predecessor)

## History

**1964 — Българска външнотърговска банка (Bulgarian Foreign Trade Bank; Bulbank) founded** in Bulgaria — distinctive Bulgarian banking heritage (Bulbank ultimate predecessor).

**1991 — Bulgarian Foreign Trade Bank renamed Bulbank** post-Bulgarian banking commercialization.

**2000 — UniCredito Italiano acquires Bulbank from Bulgarian government** post-Bulgarian banking privatization → distinctive Italian-Bulgarian banking acquisition.

**Apr 2007 — UniCredit Bulbank formed via UniCredit Group's acquisitions of Bulbank + HVB Bank Biochim + Hebros Bank consolidation** → distinctive Bulgarian banking consolidation.

**2011 — Bulbank Mobile mobile banking app launches**.

**H1 2023 — 15%+ of all sales of financial products in UniCredit Bulbank were made entirely remotely** <sup>[3][3]</sup>.

## Ownership & operator

**Operating entity**: **UniCredit Bulbank AD** (UniCredit S.p.A. parent BIT: UCG).

**Parent**: **UniCredit S.p.A. (BIT: UCG)** — Italy #2 by assets; HypoVereinsbank Germany + UniCredit CEE 13-country footprint; Andrea Orcel CEO.

**Regulators**: **BNB (Bulgarian National Bank) + ECB** (Bulgarian banking supervision under EU SSM scope).

## Technical integration

**Bulbank Mobile mobile banking app** (iOS + Android; UniCredit Bulbank's main Bulgarian banking app) + **Bulbank Online** + unicreditbulbank.bg online + UniCredit Bulbank cards (Visa + Mastercard) + UniCredit Bulbank Bulgarian branch network; SEPA Instant + Bulgarian BISERA + Bulgarian RINGS; UniCredit Bulbank corporate banking + UniCredit Bulbank private banking + UniCredit Bulbank investment banking.

## Users & growth

**H1 2023**: 15%+ of all sales of financial products in UniCredit Bulbank were made entirely remotely.

## Use cases

Bulgarian retail + private + corporate + SME + investment + insurance banking via Bulbank Mobile + Bulbank Online + unicreditbulbank.bg + cards + branches; SEPA Instant + Bulgarian BISERA + Bulgarian RINGS; UniCredit Bulbank corporate banking + UniCredit Bulbank private banking + UniCredit Bulbank investment banking.

## Implementations & partners

**Operator**: UniCredit Bulbank AD (UniCredit S.p.A. parent BIT: UCG); **UniCredit S.p.A. (BIT: UCG) parent**.

**UniCredit Group sister entities**: [UniCredit + buddybank](https://docs.barcoder.ai/docs/wallets/unicredit) (Italy #2 parent; BIT: UCG) + HypoVereinsbank (Germany) + UniCredit Bank Czech Republic + Slovakia + UniCredit Bank Romania + UniCredit Bank Serbia + UniCredit Bank Bosnia + UniCredit Bank Croatia (formerly Zagrebačka banka; UniCredit Croatian subsidiary) + UniCredit Bank Hungary + UniCredit Bank Slovenia + UniCredit Bank Russia (formerly; partially divested post-2022 Russia sanctions) + 13-country UniCredit Group CEE presence.

**Major Bulgarian banking competitors**: [DSK Bank](https://docs.barcoder.ai/docs/wallets/dsk-bank) (Bulgaria's 2nd largest bank by assets with 18.93% Bulgarian market share 2025; OTP Group subsidiary; 2.6M+ Bulgarian customers - largest number of clients in Bulgaria) + Postbank (Eurobank's Bulgarian subsidiary; post-2016 Eurobank acquisition) + Fibank (First Investment Bank; Bulgarian flagship) + Central Cooperative Bank (CCB; Bulgarian cooperative bank) + ProCredit Bank (Bulgarian Procredit subsidiary; ProCredit Group German banking parent) + Allianz Bank Bulgaria (Allianz Group's Bulgarian subsidiary).

**Regulators**: BNB + ECB.

## Fun facts

- **UniCredit S.p.A.'s Bulgarian subsidiary** (UniCredit Group = Italy #2 by assets; HypoVereinsbank Germany + UniCredit CEE 13-country footprint).
- **One of Bulgaria's largest banks** (alongside [DSK Bank](https://docs.barcoder.ai/docs/wallets/dsk-bank) + Postbank + Fibank + Central Cooperative Bank).
- **Bulbank Mobile distinctive Bulgarian banking app** (iOS + Android; UniCredit Bulbank's main Bulgarian banking app).
- **H1 2023**: 15%+ of all sales of financial products in UniCredit Bulbank were made entirely remotely.
- **Apr 2007 UniCredit Bulbank formed via UniCredit Group's acquisitions of Bulbank + HVB Bank Biochim + Hebros Bank consolidation** — distinctive Bulgarian banking consolidation.
- **1964 Bulbank founding** (Българска външнотърговска банка; Bulgarian Foreign Trade Bank) — distinctive Bulgarian banking heritage (Bulbank ultimate predecessor).
- **2000 UniCredito Italiano acquires Bulbank from Bulgarian government** post-Bulgarian banking privatization → distinctive Italian-Bulgarian banking acquisition.

## Comparison

| Feature | UniCredit Bulbank | [DSK Bank](https://docs.barcoder.ai/docs/wallets/dsk-bank) (Bulgaria's 2nd largest bank by assets with 18.93% Bulgarian market share 2025 rival; OTP Group subsidiary; 2.6M+ Bulgarian customers) | Postbank (Eurobank's Bulgarian subsidiary rival; post-2016 Eurobank acquisition) | Fibank (First Investment Bank; Bulgarian flagship rival) | [UniCredit + buddybank](https://docs.barcoder.ai/docs/wallets/unicredit) (Italian UniCredit Group parent flagship; UniCredit Bulbank parent) |
|---|---|---|---|---|---|
| Operator | **UniCredit Bulbank AD (UniCredit S.p.A. parent BIT: UCG)** | DSK Bank AD (OTP Group subsidiary; OTP Bank Nyrt. parent BSE: OTP) | Postbank AD (Eurobank S.A. parent) | First Investment Bank AD (BSE: 5F4) | UniCredit S.p.A. (BIT: UCG) |
| Type | **UniCredit S.p.A.'s Bulgarian subsidiary + one of Bulgaria's largest banks + Bulbank Mobile distinctive Bulgarian banking app + Apr 2007 UniCredit Bulbank formed via UniCredit Group's acquisitions of Bulbank + HVB Bank Biochim + Hebros Bank consolidation + 15%+ remote sales of financial products H1 2023** | Bulgaria's 2nd largest bank by assets with 18.93% Bulgarian market share 2025 + OTP Group subsidiary + 2.6M+ Bulgarian customers (largest number of clients in Bulgaria) + DSK Smart + DSK Direct + Backbase + O-City Bulgarian public transport contactless payments partnership | Eurobank's Bulgarian subsidiary post-2016 Eurobank acquisition | First Investment Bank Bulgarian flagship + Fibank Mobile | Italy #2 + HypoVereinsbank Germany + UniCredit CEE 13-country footprint + 2025 Banco BPM ~€10-15B takeover bid attempt + Andrea Orcel CEO |
| Country | BG | BG | BG | BG | IT + 13 European countries (Germany + Austria + CEE) |
| Distinctive | **1964 Bulbank founding (Българска външнотърговска банка; Bulgarian Foreign Trade Bank); 1991 Bulgarian Foreign Trade Bank renamed Bulbank; 2000 UniCredito Italiano Bulbank Bulgarian government acquisition; Apr 2007 UniCredit Bulbank formed via UniCredit Group's acquisitions of Bulbank + HVB Bank Biochim + Hebros Bank consolidation; 2011 Bulbank Mobile launch; H1 2023 15%+ remote sales** | May 1951 Държавна спестовна каса (Bulgarian State Savings Bank) founding; Oct 2003 OTP Group $311M Bulgarian government acquisition; 2025 Bulgaria's 2nd largest bank with 18.93% market share | Eurobank Bulgarian subsidiary post-2016 Eurobank acquisition | 1993 First Investment Bank founding in Sofia, Bulgaria | 1998 Credito Italiano + Banca Commerciale Italiana merger; 2005 HypoVereinsbank Germany acquisition |

## Status

**Active, UniCredit S.p.A.'s Bulgarian subsidiary + one of Bulgaria's largest banks** <sup>[1][1], [2][2], [3][3]</sup>:
- **UniCredit Bulbank AD (UniCredit S.p.A. parent BIT: UCG)** since 1964 Bulbank founding (Българска външнотърговска банка; Bulgarian Foreign Trade Bank) + 1991 Bulgarian Foreign Trade Bank renamed Bulbank + 2000 UniCredito Italiano Bulbank Bulgarian government acquisition + Apr 2007 UniCredit Bulbank formed via UniCredit Group's acquisitions of Bulbank + HVB Bank Biochim + Hebros Bank consolidation.
- **Bulbank Mobile distinctive Bulgarian banking app + H1 2023 15%+ remote sales of financial products**.
- **BNB + ECB regulated**.

## Sources

[1]: https://www.unicreditbulbank.bg/en/bulbank-mobile/ "Bulbank Mobile — UniCredit Bulbank"
[2]: https://www.unicreditbulbank.bg/en/individual-clients/ "UniCredit Bulbank — Individual Clients"
[3]: https://www.unicreditbulbank.bg/en/about-us/media/news/unicredit-bulbank-bank-made-its-mobile-app-main/ "UniCredit Bulbank — Bulbank Mobile — UniCredit Bulbank"
[bg-cro]: https://docs.barcoder.ai/docs/payments/BG

- [1] [Bulbank Mobile — UniCredit Bulbank][1]
- [2] [UniCredit Bulbank — Individual Clients][2]
- [3] [UniCredit Bulbank — Bulbank Mobile — UniCredit Bulbank][3]
- <sup>[Bulgaria report](https://docs.barcoder.ai/docs/payments/BG)</sup> In-corpus: `reports/countries/BG-bulgaria.md`

## Source

Biography extracted from [unicredit-bulbank.md](https://docs.barcoder.ai/source/wallets/unicredit-bulbank). See `matrix.md` for standards-support matrix if present.