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Bank In Republic of Bulgaria - Republika Balgaria - Република България +359 |
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ECONOMIC AND INVESTMENT BANK |
| SWIFT: BUIBBGSF |
| About: |
| EIBANK is a universal commercial bank, its subject of activity being: public attraction of deposits and utilization of the funds attracted to provide loans and for investments on its own account and at its own risk. The Bank shall also execute the following business transactions: purchase of bills of exchange and promissory notes; foreign means of payment transactions and precious metals transactions; acceptance of valuables on deposit; transactions in securities on its own or at somebody else’s account, as well as intermediation for the conclusion of such transactions; underwriting issues of securities; management of individual securities portfolios and/or moneys, with the exception of portfolios of investment funds and pension funds; keeping of clients’ securities and of moneys with a depository institution /custodian activity/; guarantee transactions; execution of non-cash payment operations and clearing cheque accounts of other persons; purchase of accounts receivable for the delivery of goods or services rendered and assumption of the risk of collecting these claims (factoring); financial leasing; bank cards issuance and management; transactions in: a/ financial futures and options; b/ instruments related to exchange rates and interest rates; provision of safe-deposit boxes; equity acquisition and management; consulting rendered to companies as to their capital structure, industrial strategy and related issues, as well as consulting and services on transformation of companies and acquisition of enterprises; portfolio investments consulting. The share capital of EIBANK registered with the court is to the amount of BGN 20,000,000 (twenty million Bulgarian levs), is divided into 2,000,000 (two million) shares, each share having a nominal value of BGN 10 (ten Bulgarian levs), and has been fully paid-up in compliance with the valid legislation. All Bank shares belong to one class – ordinary registered paperless voting shares, each share giving the right to one vote. The Bank is a public company within the meaning of Art. 110 of the LPOS. Its shares are freely transferable. The transfer shall have effect towards the company from the moment of entering the transaction in the register kept by Central Depository AD. The rights under these shares shall be established by a registration document issued by Central Depository AD. EIBANK issued the first public issue of mortgage-backed securities, whose offer prospectus was endorsed by Resolution No. 322 - Е of the State securities Commission dated October 18, 2001. The bonds from the issue were registered to be traded on Bulgarian Stock Exchange - Sofia JSC. EIBANK is an investment intermediary entered into the register kept by the Financial Supervision Commission. In its capacity of an investment intermediary, the Bank: ¨Concludes and executes on its own and/or at somebody else’s account transactions in securities – shares; corporate bonds; municipal bonds; mortgage-backed securities; government securities; government securities, issued under the order of ZUNC; external debt government securities, issued in accordance with an agreement between the Republic of Bulgaria and the Creditors’ Banking Consultative Committee (BRADY - bonds); euro bonds; ¨Works out and submits for confirmation with the Financial Supervision Commission prospectuses for initial public offering of securities; ¨Registers issues of securities to be traded on BSE - Sofia; ¨Conducts custodian activity with regard to securities of clients; ¨Underwrites and/or markets issues of securities; ¨Carries out financial and economic analyses and expert valuations related to the activity of commercial companies; ¨Mediates under transactions in compensatory means of payment (compensatory warrants and compensatory notes), offering the most favourable terms and conditions to its clients. EIBANK is a primary dealer of government securities, as well as a member of the Bulgarian Stock Exchange and the Central Depository. Pursuant to a contract concluded with the Ministry of Finance, EIBANK conducts bank servicing of a number of organizations, disposing budget funds. Through its extensive network of correspondent banks, EIBANK ensures without any problem the payments of its clients, guaranteeing high level of security and swiftness of the operations. EIBANK has been issuing debit cards since 1998, and since 2000 it has been a member of MasterCard and has been issuing credit cards in all its divisions throughout the country. Corporate clients, to whom the Bank ensures payment of remuneration and other payments via debit cards, are: National Electric Company EAD, Sofia City Electric Power Distribution Company AD - Sofia, Social Security Institute’s Capital Directorate, National Social Security Institute, Bulgarian Telecommunication Company EAD’s Regional Units in Varna and Burgas, as well as other regional government and municipal structures. EIBANK offers high quality servicing through an extensive network of cash dispensers and POS – terminals. |
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