Bulgarian National Bank

Type: Company
Name: Bulgarian National Bank
First reported 14 hours ago - Updated 14 hours ago - 1 reports

Court of Appeal will sit on the prosecution's request for the dismissal of Deputy Governor of the BNB: Prosecutor General

cture: Focus Information Agency Plovdiv. “On Tuesday, the Court of Appeal will sit on the prosecution's request for the dismissal of Deputy Governor of the Bulgarian National Bank (BNB),” Prosecutor Genral Sotir Tsatsarov told journalists in Plovdiv, ... [Published Focus Bulgaria - 14 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 1 reports

Bulgarian opposition leader met with depositors in Corporate Commercial Bank

cture: Focus Information Agency Sofia. Representatives of depositors in Corporate Commercial Bank (CorpBank) and Chairman of Citizens for European Development of Bulgaria (CEDB) Boyko Borisov united around concrete steps in the case of Corporate Commercial ... [Published Focus Bulgaria - 16 hours ago]
First reported Sep 18 2014 - Updated Sep 18 2014 - 1 reports

Bulgaria: Dropping fruit and vegetable prices cause deflation

After a modest 0.4% increase of prices in July, Bulgaria's average prices of goods and services dropped by 0.2% in August, according to data released yesterday by the national statistics service.Since the start of 2014 until the end of August, average ... [Published Fresh Plaza - Sep 18 2014]
First reported Sep 18 2014 - Updated Sep 18 2014 - 1 reports

Bulgaria PM: Stepped-up security measures taken for ballot papers

cture: AFP Sofia. “There is no place for concerns. Stepped-up security measures have been taken both at the printing house and for the transportation of the ballot papers for the forthcoming early parliamentary elections in Bulgaria,” Bulgarian interim ... [Published Focus Bulgaria - Sep 18 2014]
First reported Sep 17 2014 - Updated Sep 17 2014 - 1 reports

Foreign investments in Bulgaria drop, emigrants transfer more money

cture: AFP Sofia. Foreign investments in Bulgaria decreased in July to EUR 74 million, Zemya daily writes.A year ago, some 246.6 million was invested in Bulgarian economy, data by Bulgarian National Bank (BNB) show. Since the beginning of 2014, local ... [Published Focus Bulgaria - Sep 17 2014]
First reported Sep 16 2014 - Updated Sep 16 2014 - 1 reports

Bulgaria central bank extends CCB administration period for second time

Bulgaria’s central bank said on September 16 that it extended the special supervision period for the Corporate Commercial Bank (CCB) and its subsidiary, Victoria Bank, by two months, which means that the lenders are now scheduled to resume operations ... [Published The Sofia Globe - Sep 16 2014]
First reported Sep 16 2014 - Updated Sep 16 2014 - 1 reports

CoprBank supervision term extended

The Bulgarian National Bank Board of Governors has decided to extend the term of supervision of Corporate Commercial Bank and of Victoria Commercial Bank by another two months, until 20 and 22 November respectively. From 28 October until 20 November this ... [Published BNR - Sep 16 2014]
First reported Sep 16 2014 - Updated Sep 16 2014 - 2 reports

BNB extends the supervision of the CorpBank and CB Victoria EAD by two months

cture: Focus Information Agency Sofia. Governing Council of the Bulgarian National Bank (BNB) has decided to extend the special supervision of the Corporate Commercial Bank (CorpBank) and CB Victoria EAD by two months, to November 20 and 22. This was ... [Published Focus Bulgaria - Sep 16 2014]
First reported Sep 16 2014 - Updated Sep 16 2014 - 1 reports

Data by BNB: Drop in foreign investments by almost 23%

cture: AFP Sofia. Direct foreign investments in Bulgaria amount to EUR 825.3 million for the first 7 months of 2014, preliminary data by the Bulgarian National Bank (BNB) show. This is a drop of 22.9% compared to the same period of 2013 when direct ... [Published Focus Bulgaria - Sep 16 2014]
First reported Sep 15 2014 - Updated Sep 15 2014 - 1 reports

BNB Welcomes KTB Shareholders' Efforts to Work on Recovery Plan

Bulgarian National Bank's headquarters in the capital Sofia. File photo.Bulgarian National Bank ( BNB ) has welcomed the efforts of EPIC Financial Consulting to prepare a plan for the recovery of Corpbank ( KTB ), Monday.BNB is willing to participate ... [Published Sofia News Agency - Sep 15 2014]
First reported Sep 15 2014 - Updated Sep 15 2014 - 1 reports

Bulgarian National Bank ready to negotiate with EPIC over Corporate Commercial Bank

Photo: Tanya HarizanovaThe Bulgarian National Bank welcomes the efforts of the EPIC C onsortium, representing major shareholders of Corporate Commercial Bank, to support the recapitalization of the bank and is ready to participate in the discussions ... [Published BNR - Sep 15 2014]
First reported Sep 15 2014 - Updated Sep 15 2014 - 1 reports

Central Bank to Corpbank Shareholders: "Finance Ministry Alone Can Be Approached for State Aid"

Sofia, September 15 (BTA) - The acting Deputy Governor in charge of the Banking Supervision Department of the Bulgarian National Bank (BNB) Nelly... You have to have a paid subscription in order to read this story.Subscribers Log-in ... [Published Bulgarian News Agency - Sep 15 2014]

Quotes

"The state raised this bank, investing for an extended period of time the funds of state enterprises in it" Tsatsarov said...
"We appeal to the central bank to pay serious attention to all potential..."
"There are many complaints filed to the Ombudsman. Affected companies are tens of thousands and hundreds of thousands are the affected workers. 8% of the funds in the banking system do not work. There is one and only culprit and it is the Bulgarian National Bank (BNB),” Velev stated."
...the special supervision over Corpbank and Bank Victoria (a unit of Corpbank)," Borisov said in an open letter to the central bank governor. "We appeal to the central bank to pay serious attention to all potential investors that have expressed interest in capitalising the bank so that the use of public funds may be as small as possible." The central bank's rescue plan for Corpbank -- transferring healthy assets into a new, nationalised bank, and declaring the rest of it insolvent -- has...

More Content

All (130) | News (123) | Reports (0) | Blogs (5) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
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Court of Appeal will sit on the prosecution's r... [Published Focus Bulgaria - 14 hours ago]
Bulgarian opposition leader met with depositors... [Published Focus Bulgaria - 16 hours ago]
Digital Summit: Online Solutions for Hotels Event [Published Newswit.com - 23 hours ago]
Bulgaria court rejects banker Tsvetan Vasilev’s... [Published Focus Bulgaria - Sep 18 2014]
Bulgaria: Dropping fruit and vegetable prices c... [Published Fresh Plaza - Sep 18 2014]
Bulgaria PM: Stepped-up security measures taken... [Published Focus Bulgaria - Sep 18 2014]
Fuuzle: New Supplier of Information From Across... [Published Newswit.com - Sep 18 2014]
Foreign investments in Bulgaria drop, emigrants... [Published Focus Bulgaria - Sep 17 2014]
Bulgaria banker Tsvetan Vasilev turned himself ... [Published Focus Bulgaria - Sep 17 2014]
The Republic of Congo: The World Bank to Help I... [Published Newswit.com - Sep 17 2014]
Bulgaria central bank extends CCB administratio... [Published The Sofia Globe - Sep 16 2014]
CoprBank supervision term extended [Published BNR - Sep 16 2014]
BNB extends the supervision of the CorpBank and... [Published Focus Bulgaria - Sep 16 2014]
Tsvetan Vasilev Has Sought Contact with Authori... [Published Sofia News Agency - Sep 16 2014]
Special Supervision on Corpbank Extended by Two... [Published Sofia News Agency - Sep 16 2014]
Data by BNB: Drop in foreign investments by alm... [Published Focus Bulgaria - Sep 16 2014]
BNB Welcomes KTB Shareholders' Efforts to Work ... [Published Sofia News Agency - Sep 15 2014]
Bulgarian National Bank ready to negotiate with... [Published BNR - Sep 15 2014]
Central Bank to Corpbank Shareholders: "Finance... [Published Bulgarian News Agency - Sep 15 2014]
Bulgaria Posts Deflation for 13th Month Running... [Published Sofia News Agency - Sep 15 2014]
There are more than 1,000 people in Bulgaria wi... [Published Focus Bulgaria - Sep 15 2014]
Patriotic Front coalition staged protest in fro... [Published Focus Bulgaria - Sep 15 2014]
More than 1,000 people with risk profile connec... [Published Focus Bulgaria - Sep 14 2014]
Bulgarian central bank governor gives public an... [Published Focus Bulgaria - Sep 13 2014]
KTB Shareholders Seek Sofia Meeting to Prepare ... [Published Sofia News Agency - Sep 12 2014]
Bulgaria's centre-right GERB party slams centra... [Published NewsRT.co.uk - Sep 12 2014]
Over 500,000 Bulgarian citizens are directly or... [Published Focus Bulgaria - Sep 12 2014]
Bulgaria's centre-right GERB party slams centra... [Published Sharenet - Sep 12 2014]
Huawei Showcases Innovative Video Business Solu... [Published Newswit.com - Sep 12 2014]
Corporate Commercial Bank: Two months on, key q... [Published The Sofia Globe - Sep 11 2014]
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Blogs

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Bulgaria Is Letting Bad Banks Fail; Could the U... [Published Wall St. Cheat Sheet - Jul 16 2014]
Source: Thinkstock Last week, the Bulgarian government pulled the plug on its forth largest bank after one of the worst financial scandals in the country since the 1990s came to light. The Bulgarian central bank, after making attempts to rescue Corporate ...
Vassilev-Peevski, CCB bank run: oligarchy in Bu... [Published EU opinion & policy debates BlogActiv.eu - Jul 14 2014]
Credit dossiers for a total of 3.5 billion leva (1.78 billion euro) of Bulgaria’s Corporate Commercial Bank (CCB) have disappeared and a sum equivalent to 206 million leva (105 million euro) has been withdrawn in cash upon order by its president of the ...
A Major Bank Run In Bulgaria Could Have Stemmed... [Published Clusterstock - Jul 02 2014]
Bulgaria has been in the midst of a terrifying bank run unlike any they've seen in the past 17 years. Bank runs at Corporate Commercial Bank (Corpbank) and First Investment Bank, the fourth and third largest banks in Bulgaria, began in June after ...
Fourth Largest Bulgarian Bank Seized After Bank... [Published Zero Hedge - Jun 20 2014]
The small, impoverished country of Bulgaria may not be in the Eurozone (even though its currency is pegged to the Euro), but it is in the European Union. Which is why we find it surprising that there has been relatively little mention that overnight ...
Bulgaria’s Currency Board versus Ukraine’s Chaos [Published Cato @ Liberty - Feb 27 2014]
Steve H. Hanke When Communism inevitably and finally collapsed, Bulgaria’s economy was a basket case – behind almost all other communist basket cases, including Ukraine’s. Indeed, Bulgaria defaulted on its debt in 1990. By February 1991, Bulgaria had ...
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