74% of Bulgarians Disagree That KTB Deposits Must Be Covered in Full

Business » FINANCE | July 21, 2014, Monday // 12:00| Views: 967 | Comments: 0
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Bulgaria: 74% of Bulgarians Disagree That KTB Deposits Must Be Covered in Full Photo: Novinite.com

Three quarters of Bulgarians say that only deposits up to EUR 100 000 in the troubled Corporate Commercial Bank (KTB) must be paid back, shows a survey. 

It was done by the AFIS polling agency among 1273 owners of various bank accounts across Bulgaria. Of them 624 have only a bank deposit and do not use other bank products.

A total of 11.4% said that only deposits with clear origin must be paid back, while 11.9% say that all deposits must be paid back in full. 

Only 2.7% have no opinion on the matter. 

“It is clear that the public supports the law in its current form,” notes AFIS in a statement. “The plans of law amendments and state support for the full payback of all deposits is approved by just one tenth of the people. Not surprisingly, this is the opinion of two thirds of the KTB depositors, who were surveyed. The people with accounts in other banks do not hesitate to say that the current law protects their interests in full.”

At the same time the survey finds that the overall level of trust in the banking system remains high, much higher than in the other institutions. 

The survey also finds that the general public does not buy into the version that money in sacks was taken out of the bank and is more inclined to believe that the institutions are trying to circumvent and cover up the real reasons for the situation in KTB. The majority thinks that the government and the parties messed up, trying to gain the upper hand in some back-room machinations.

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Tags: KTB, deposits, survey, Afis, bank, account, banking system
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