KEYWORDS TODAY:   BSPRESIGNATIONKTB

HOT: » Outgoing Parliament Speaker Mihail Mikov to take over from Sergey Stanishev as Chairman of the Bulgarian Socialist Party

Parliament's Budget Committee Hears Central Bank Governor over KTB

Business » FINANCE | July 11, 2014, Friday // 14:53| Views: 1269 | Comments: 0
  • Send to Kindle
Bulgaria: Parliament's Budget Committee Hears Central Bank Governor over KTB Budget Committee Chairman Yordan Tsonev (L) with Bulgarian National Bank Governor Yordan Tsonev at the emergency meeting of the committee. Photo by BGNES

Ivan Iskrov, Governor of the Bulgarian National Bank (BNB) has attended an extraordinary session at the Budget and Finance Committee at Bulgaria's Parliament.

The meeting called by committee Chairman Yordan Tsonev, a Movement for Rights and Freedoms (MP) is dedicated to the results of an independent audit carried out at the Corporate Commercial Bank (KTB), Bulgaria's fourth-largest bank.

Earlier on Friday, BNB announced it would scrap the license of KTB and nationalize its subsidiary Credit Agricole Bulgaria as a consequence of the inspection's outcome, which showed the former bank was involved in activities contravening good legal and banking practices.

Finance » Be a reporter: Write and send your article
Tags: Corporate Commercial Bank, KTB, Yordan Tsonev, DPS, Ivan Iskrov, BNB, Credit Agricole Bulgaria
Expats.bg All Are Welcome! Join Now!

Leave a comment


Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria