The National Bank of Greece and its local subsidiary United Bulgarian Bank (UBB) plan to invest EUR 70mn in own office building in the capital city of Sofia , according to information circulated in the Greek press. Seven engineering companies are shortlisted to prepare the project. The winner is to be selected in a month. UBB is the third largest lender in the country in terms of assets. Its net profit rose by 12.8% to BGN 208.7mn (EUR 106.7mn) last year. The bank’s asset value rose by 26.4% in a year to BGN 7.7bn at end-December.
Source: Intellinews - Bulgaria Today