The 1992 meeting of shareholders changed the bank's status to a universal commercial bank, so the branch network was expanded (Plovdiv, Kardzhali, Burgas, Stara Zagora, etc.), focusing on customer service in the years to follow.
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In 2001 Bulbank's major shareholder, UniCredito, sold minor stakes to the Italian SIMEST S.p.A., Rome, and the International Finance Corporation — 2,5% and 5,3% of the share capital respectively.