Bulgaria Private Banking, Open a Swiss Bank Account from Bulgaria

Click Here If You Would Like to Arrange an Appointment with a Swiss Private Banker / Wealth Manager

Bulgaria Bank Accounts, Swiss Bank Account, Financial Center, Bulgaria Private Accounts. Offshore Accounts, Investment, Offshore, Wealth Management Services and Family Office. Asset Protection, Bulgaria Banks, services, investing and offshore services.

1. UniCredit Bulbank $5.0 bln. 11.518 bln. BGN ($7.290 bln.) 4000 UniCredit Group, Italy
2. DSK Bank $4.0 bln. 8.739 bln. BGN ($5.53 bln.) OTP Group, Hungary
3. United Bulgarian Bank $3.0 bln. 8.152 bln. BGN ($5.16 bln.) National Bank of Greece (NBG), Greece
4. Raiffeisenbank Bulgaria $2.6 bln. 6.641 bln. BGN ($4.20 bln.) Raiffeisenbank, Austria
5. Eurobank EFG $1.9 bln. (Postbank) + $690 mln. (DZI Bank) 6.026 bln. BGN ($3.81 bln.) EFG Eurobank, Greece. Eurobank EFG Bulgaria was formed in November 2007 as a merger between Eurobank EFG-owned Postbank and DZI Bank.
6. First Investment Bank $2.1 bln. 4.096 bln. BGN ($2.59 bln.) 1586 public (IPO in 05/2007) Ivaylo Mutafchiev - 31.83%, Tseko Minev - 31.83%, First Financial Brokerage House - 13.89%, Legnano Enterprice Limited - 8.45%, Domenico Ventures Limited - 7%, Rafaela Consultance Limited - 7%
7. Piraeus Bank Bulgaria $1.05 bln. 3.625 bln. BGN ($2.29 bln.) Piraeus Bank Group, Greece
8. Societe Generale Expressbank $830 mln. 2.889 bln. BGN ($1.82 bln.) Société Générale, France
9. Alpha Bank 2.241 bln. BGN ($1.42 bln.) Alpha Bank AE, Athens, Greece - 100%
10. Corporate Commercial Bank $670 mln. 2.036 bln. BGN ($1.28 bln.) public (IPO in 05/2007) Bromak LTD - 57.29%, Bulgarian Acquisition Company II S.A.R.L - 30%
11. Economic and Investment Bank $920 mln. 1.920 bln. BGN ($1.21 bln.) ? $440 mln. KBC BANK N.V. - 100%
12. Central Cooperative Bank $750 mln. 1.839 bln BGN ($1.16 bln.) ? $370 mln. CCB Group EAD 68.20%, Unicredit Bank Austria AG - 4.83%, Armeec Insurance Company JSC - 4.51%, Chimimport JSC - 2.88%
13. Allianz 1.635 bln. BGN ($1.03 bln.) Allianz Bulgaria Holding Ltd. - 79.895%
14. MKB Unionbank $400 mln. 1.631 bln. BGN ($1.03 bln.) MKB Bank, Hungary - 94%
15. ibank Investbank Bulgaria 1.019 bln. BGN ($645 mln.) Festa Holding - 73.84%, Petya Ivanova Barakova-Slavova - 19.27%
16. ProCredit Bank 1.015 bln. BGN ($643 mln.) ProCredit Holding AG - 80.29%, Commerzbank AG - 19.71%
17. Bulgarian Development Bank 902.923 mln. BGN ($571 mln.) Ministry of Finance - 99.999%
18. Municipal Bank PLC $827.547 mln. BGN ($523 mln.) Sofia Municipality - 67%
19. Bulgarian American Credit Bank 814.824 mln. BGN ($516 mln.) Allied Irish Banks p.l.c. - 49.99%, Gramercy Emerging Markets Fund - 30.92%, public: Bulgarian American Enterprise Fund (BAEF), USA
20. International Asset Bank 525.797 mln. BGN ($332 mln.) Dynatrade International - 25.51%
21. Emporiki Bank 484.848 mln. BGN ($306 mln.) Commercial Bank of Greece, Athens - 100%
22. ING 473.394 mln. BGN ($300 mln.) Sole shareholder: ING Group N. V./4972
23. BNP Paribas 438.620 mln. BGN ($277 mln.) BNP Paribas S.A., Paris, France - 100%
24. D Commerce Bank 346.006 mln. BGN ($218 mln.) Fuat Gyuven (Fuat Hyusniev Osmanov) - 100%
25. Tokuda Bank AD 333.489 mln. BGN ($211 mln.) International Hospital Services Co. - 90.71%
26. NLB Bank Sofia 206.435 mln. BGN ($130 mln.) Nova Ljubljanska Banka, Slovenia - 97.01%
27. Texim Private Entrepreneurial Bank - Teximbank 60.925 mln. BGN ($38 mln.) Paton ?nstalt - 27.33%, Pavlina Georgieva Naydenova - 17.53%
28. T. C. Ziraat Bank, Sofia Branch 39.388 mln. BGN ($24 mln.) T. C. Ziraat Bank, Ankara - 100%
29. Regional Investment Bank Bulgaria 1.922 mln. BGN ($1.22 mln.) Regional Investment Bank, Lithuania - 100%

One of the poorest countries of central Europe Bulgaria has slowly been moving from its old command economy towards a market-oriented economy. The economy faced a major crisis in 1996 marked by a banking system in turmoil a depreciating currency and contracting production and foreign trade. Foreign exchange reserves dwindled to $518 million while dramatically hiked interest rates added to the domestic debt burden and stifled growth. GDP fell by 11% in 1996 after experiencing 2.0% growth in 1995. Privatization of state-owned industries stagnated although the first auction of a mass privatization program was undertaken in late 1996. Lagging progress on structural reforms led to postponement of IMF disbursements under a $580 million standby loan agreed to in July 1996. In November 1996 the IMF proposed a currency board as Bulgaria's best chance to restore confidence in the lev eliminate unnecessary spending and avoid hyperinflation. The board was set up on 1 July 1997. Its establishment was followed by a reduction in inflation and interest rates and by a rise in foreign investment. Simultaneously the government pledged to sell off some of the most attractive state assets. GDP in 1997 dropped 7.4% but is expected to rebound to an estimated 2% in 1998. Other government objectives include: the completion of land reform the privatization and strengthening of the banking system and the modernization of the legal environment of business.

GDP: purchasing power parity—$57.13 billion (2004 est.)

GDP—real growth rate: 4.3% (2004 est.)

GDP—per capita: purchasing power parity—$7,600 (2004 est.)

GDP—composition by sector:

agriculture: 11.4%

industry: 30%

services: 58.6% (1997 est.)

Inflation rate—consumer price index: 3% (2004 est.)

Labor force:

total: 3.33 million (2004 est.)

by occupation: industry 31% agriculture 26% other 43% (1998)

Unemployment rate: 14.3% (2004 est.)

Budget:

revenues: $8.121

expenditures: $8.121 including capital expenditures of $NA (2004 est.)

Industries: electricity, gas and water; food, beverages and tobacco; machinery and equipment, base metals, chemical products, coke, refined petroleum, nuclear fuel

Industrial production growth rate: 6.3% 2004 est.)

Electricity—capacity: 12.087 million kW (1995)

Electricity—production: 41.38 billion kWh (1995)

Electricity—consumption : 32.52 billion kWh (2001)

Agriculture—products: vegetables, fruits, tobacco, livestock, wine, wheat, barley, sunflowers, sugar beets, livestock

Exports:

total value: $7.337 billion f.o.b. (2004 est.)

commodities: machinery and equipment 15.2%; agriculture and food 18.9%; textiles and apparel 14.8%; metals minerals and fuels 26.5%; chemicals and plastics 20%; other 4.6% (1996)

partners: Italy 14.1%, Germany 10.9%, Greece 10.5%, Turkey 9.2%, France 5.1%, US 4.5% (2003)

Imports:

total value: $9.723 billion f.o.b. (2003 est.)

commodities: fuels minerals and raw materials 40.7%; machinery and equipment 18.4%; textiles and apparel 11.6%; agricultural products 7.5%; metals and ores 5.2%; chemicals and plastics 12.2%; other 4.4% (1996)

partners: Germany 14.4%, Russia 12.6%, Italy 10.3%, Greece 6.7%, Turkey 6.2%, France 5.7% (2003)

Debt—external: $12.05 billion (2004 est.)

Economic aid - recipient: $300 million (2000 est.)

Currency: 1 lev (Lv) = 100 stotinki

Exchange rates: leva per US dollar - 1.5123 (2005), 1.7327 (2003), 2.077 (2002), 2.1847 (2001), 2.1233 (2000), 1.8364 (1999) note: on 5 July 1999, the lev was redenominated; the post-5 July 1999 lev is equal to 1,000 of the pre-5 July 1999 lev

Fiscal year: calendar year