Bulgarian Postbank
 |
|
| Commercial Bank | |
| Industry | Financial services |
| Founded | 1991 |
| Headquarters | Sofia, Bulgaria |
|
Key people
|
George Provopoulos (Chairman) |
| Products |
Retail banking Corporate banking Factoring Investment banking Asset management Loans |
| Profit |
 €49.84 mln (2015)
|
| Total assets | €2944.87 mln (2015) |
| Total equity | €470.42 million (2015) |
| Owner | ERB New Europe Holding B.V. (54.27%) Eurobank Ergasias (34.56%) |
|
Number of employees
|
3,000 (FTE, Q2 2015) |
| Parent | Eurobank Ergasias |
| Website | www.postbank.bg |
Postbank (Bulgarian: Пощенска Банка, Poshtenska Banka), legally known as Eurobank Bulgaria AD (former legal name Eurobank EFG Bulgaria AD, date of change 11/1/2013), is a universal bank in Bulgaria.
It is the third largest depository institution in the country, as well as the second largest mortgage lender, and the largest credit card issuer. The bank commands a market share of nearly 10%, a workforce of 3,000 employees and with over 200 locations has one of the most extensive branch networks in the country. Postbank is a member of Eurobank Ergasias Group. Eurobank Ergasias is a European banking organization with total assets of €74 billion (as of Dec 2014), offering universal banking across eight countries. Eurobank has a presence in Greece and holds lead positions in Bulgaria, Romania and Serbia, offers Wealth Management services in Cyprus, Luxembourg and London, and is also present in Ukraine. Having a banking history of over 20 years, Postbank ranks among the leading universal banks in Bulgaria. Total assets of the bank reached BGN 5,637 billion as of 31 December 2012. In June 2012 the bank retained its long-term credit rating of BBB and a short-term rating of A-2 with a stable outlook from the Bulgarian Credit Rating Agency (BCRA).
Bulgarian Postbank was founded on April 2, 1991 as the postal savings system of Bulgarian Posts. In the years that followed, the bank experienced substantial growth and expansion. It is one of the few Bulgarian banks that managed to survive the banking crisis in Bulgaria in 1996-1997.
On November 9, 1998, 78.23% of Postbank’s capital was acquired by ALICO/CEH Balkan Holdings Ltd., a subsidiary of Eurobank Ergasias. In the following years, Eurobank Ergasias control grew to more than 90% of Postbank’s equity capital.
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Wikipedia