HVB Bank Biochim, a member of UniCredit Group, was named Best Bank in Bulgaria 2006 in the prestigious annual Euromoney Awards for Excellence.
Following its acquisition of Hebros Bank in 2005, combined with strong organic growth, HVB Bank Biochim has cemented its position as the number one bank in Bulgaria, says the latest issue of Euromoney, where the best banks in the world are presented.
The Euromoney Awards for Excellence continue to be the most respected global awards for banking excellence. Building on established criteria of past years, they continue to combine qualitative data with informative and important subjective judgements. The Best Bank award is given to institutions with strong commercial and retail banking capabilities. Investment banking is also examined.
HVB Bank Biochim wins the award Best Bank for a second year in a row, which proves our continuous successful policy for development of the group. This is an acknowledgement for all employees for their enthusiasm, professionalism and engagement to the work, as well as to our clients for their trust to work with us, said Peter Harold, CEO and management board chairman of HVB Bank Biochim and Hebros Bank and chief operations officer of Bulbank (UniCredits third bank in Bulgaria).
In view to support the Bulgarian economy and the Bulgarian companies on their way to the European Union, the group in Bulgaria established the first European Competence Centre. The centre consults firms and municipalities in the field of project financing on EU programs and other national financing programs.
HVB Bank Biochims main shareholder is Bank Austria Creditanstalt, member of UniCredit Group. The planned merger of the three banks of UniCredit Group in Bulgaria - Bulbank, HVB Bank Biochim and Hebros Bank, will create the leading Bulgarian financial institution with total assets of over EUR 3 billion, 326 branches and over a million customers. The new bank will be a part of the largest banking network in Central and Eastern Europe.
