BNB Governor Responds to Tsvetan Vasilev's Accusations

Business » FINANCE | July 12, 2014, Saturday // 10:54| Views: 1418 | Comments: 0
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Bulgaria: BNB Governor Responds to Tsvetan Vasilev's Accusations BNB Governor Ivan Iskrov. Photo: BGNES

Ivan Iskrov does not take one-man decisions, as Tsvetan Vasilev suggests,”  Bulgarian National Bank Governor Ivan Iskrov told BGNES in response to Vasilev's open letter.

Iskrov asked journalists to ignore the claims of “people who most likely soon will be held responsible by other organs and institutions” and pointed out that he cannot take decisions by himself, because BNB was not his.

“Everything we said in the press conference were conclusions of the audit of three of the largest audit companies,” Iskrov said. “Our statements were also based on incontestable documents we deemed of high importance, presented by the conservators.”

According to Iskrov, his earlier statement about the “hole” in KTB's credit portfolio and the missing millions from the vaults, is not biased by his personal opinion. 

The BNB Governor also said that the “Oman fund (the second largest KTB shareholder, referred to in Vasilev's letter) did not suggest anything specific” and there was no way “hospitals, companies and municipalities to be kept in the dark by July 21”.

Meanwhile, at a news conference, called “Who will pay the bill”, the Protest Network organisation demanded the resignations of Ivan Iskrov and the head of the Financial Supervision Commission Stoyan Mavrodiev. 

According to Protest Network the two were to be held responsible for the KTB affair and demanded information on when was the last time the KTB was properly audited. 

Later Iskrov told journalists he will answer the question on his resignation “in two months”.

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Tags: Ivan Iskrov, Tsvetan Vasilev, BNB, Governor, KTB
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