BFTB

UniCredit Bulbank is the largest bank of Bulgaria. Before 1994, the bank was known as the Bulgarian Foreign Trade Bank or BFTB. UniCredit Bulbank was formed in 2007 as a merger between Bulbank, Biochim, and Hebros Bank, all of them owned by the UniCredit Group.

Bulbank's prototype, the Bulgarian Foreign Trade Bank, started in 1964 as a fully state-owned bank, with a paid-up capital of BGL 40 million and statutory specialization in foreign trade payments and finance. Representative offices of the Bank in London, Frankfurt, and Vienna were opened during the next two decades.