Custody System Comans successfully enhanced and BACS decommissioned in UniCredit Bulbank (Bulgaria)

UniCredit Bulbank AD
Fri, 09/06/2023

It is with great pleasure to announce that today marks the first day for the start of a new era for UniCredit Global Securities Services in Bulgaria.
Keeping in line with our ongoing multi-year project, with this implementation, Bulgaria has become the next market to have replaced BACS, by enhancing its main (local) custody system Comans, and, in turn, caps off years of dedicated commitment by realizing a major milestone towards digital evolution.
Following a close monitoring of ongoing operations throughout the morning, we are pleased to report that no interruptions in service have occurred, reinforcing our aim to ensure as little to no impact for our clients.
This implementation underlines our continued commitment to service excellence, both near and long-term. We are extremely proud of having been able to take this step together and, as always, thank you for the trust and support given to us.

Impact on investors: Custody System change in UniCredit Bulbank (Bulgaria) concluded successfully with no impact to existing operations.