As of the end of 2010, its assets amounted to over €1.7 billion and growing, while the share capital of the bank exceeded €158 million.

[2] MKB Unionbank was founded in January 1991 as Boras OOD, a limited liability company, licensed by the Bulgarian National Bank (BNB) to trade in foreign currencies.

[citation needed] In September 2002, the European Bank for Reconstruction and Development (EBRD) acquired 15% of Unionbank's capital.

[1] In July 2012 Fitch has confirmed MKB Unionbank's long-term credit rating at BBB+.

[citation needed] According to the MKB Unionbank website, MKB Unionbank has one wholly owned subsidiary - AMC Imoti, a real estate operation, property valuation, and investment development, and property management company.