Bulgarian Foreign Trade Bank

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Bulgarian Foreign Trade Bank

 

a state bank in charge of all settlement operations on exports and imports and on payments of a noncommercial character with foreign countries. It records credits granted by Bulgaria to other states and by other states to Bulgaria, payments on these credits, and clearing agreements. The bank also grants credits to foreign trade enterprises in international currency and in leva, and acts as a clearinghouse between foreign trade enterprises and other enterprises and organizations in the country. It is in charge of the purchase and sale of international currency, payment documents and valuables in national and international currency, and other operations. It has been operating since Apr. 1, 1964. The stockholders of the bank are the Bulgarian People’s Bank (which owns 74 percent of the capital stock), the Ministry of Finance, the Ministry of Foreign Trade, the Ministry of Transportation and Communications, several foreign trade enterprises, and others. The agencies of the bank are the general meeting and the bank’s council and board. The capital stock of the bank has been fixed at 40 million leva.

L. KH. SULIAEVA

References in periodicals archive ?
The most active participant in the primary market for its own account this year is UniCredit Bulbank AD.
26 October 2017 - Bulgarian real estate investment company Black Sea Property plc's BSPF Bulgaria EAD subsidiary has closed the acquisition from UniCredit Bulbank AD an office building at 1, Ivan Vazov Str.
Global Banking News-July 7, 2015--UniCredit Bank Austria and UniCredit Bulbank offer facility to Business Park Sofia
He has also worked as head of the aCredita unit of Bulbank and executive director of Roseximbank and Municipal Bank.
The murder of the head of the Burgas branch of UniCredit Bulbank highlighted the need for a swift solution to the problem.
BANKING AND CREDIT NEWS-August 6, 2012--UniCredit Bulbank amends EUR21.
But Levon Hampartzoumian, chief executive of UniCredit Bulbank and head of the Association of Banks in Bulgaria, said that the continued uncertainty in Greece would not trigger "dramatic failures" of banks in Bulgaria.
The loan to UniCredit Bulbank will be added to the Bulgarian energy efficiency and renewable energy credit line framework that provides up to 55 million in credits to banks involved in lending for energy efficiency and renewable energy projects in Bulgaria.
Bulbank that there are some elements in place in Cuba that might inspire optimism for the island's economic future.
Companies expected to benefit most from the fast growth of demand in the region are regional leaders like Banka Comerciala Romana, NLB, Zagrebacka Banka, BRD, Privredna banka Zagreb, Erste Bank, Raiffeisenbank Austria, Unicredit Bulbank, NKBM and others whose market shares are estimated in the report.
3) Place of performance NUTS code: BG313 Main site or place of performance: BCP Oryahovo Ferry-up branch of UniCredit Bulbank in the city.
15 March 2017 - Bulgarian real estate investment company Black Sea Property plc's BSPF Bulgaria EAD subsidiary has received confirmation that it was successful in its tender offer to acquire from UniCredit Bulbank AD an office building at 1, Ivan Vazov Str.