MKB Unionbank is one of the best managed and top positioned banks in Bulgaria. The bank is a holder of a full bank license and is authorized to carry out all the banking operations, permitted under the Bulgarian legislation. It is authorized by the Ministry of Finance to serve spending units of budget funds.
MKB Bank is the third largest bank in Hungary in terms of the amount of the assets. As at the end of 2005 the consolidated total assets, calculated in compliance with the International Financial Reporting Standards (IFRS), amounted to 13.1 billion BGN (6.7 billion EUR). MKB Bank is a universal bank with four main activities: corporate and institutional banking, financing of projects, serving small and medium businesses, retail banking and money and capital markets. MKB Bank is a leader on the Hungarian market in serving local companies and plays a vital role in financing of projects, of real estates and in case of structural financing. In the last few years following a new strategy MKB Bank has undertaken a dynamic expansion in serving small and medium businesses and retail banking.
The quality of the provided services is the priority of MKB Unionbank. The employees of the bank are also financial consultants, offering individual, effective decisions to their clients.
MKB Unionbank develops retail banking and operates actively with SMEs. The former bank specialized in corporate clients enters new market niches, creating complex and specialized bank products for the clients. The client basis is increasing steadily under the conditions of the competitive banking market Bulgaria, and the number of the clients served by the bank stepped up by 34,15% last year as a result of the increased credibility, flexibility and innovative approach of the bank. The management and the employees of the bank are creating and launching new products and services, state-of-the-art technologies and higher standards of serving, which have become an integral part of the business etiquette to the clients throughout the system of MKB Unionbank. The bank has focused and financed the upgrading of its information system in conformity with the latest technologies and work organization.