Bulgaria's Interim Finmin Porozhanov Voices Concern about KTB
Interim Finance Minister Rumen Porozhanov has voiced concern about the impact of putting Corporate Commercial Bank under special supervision on Bulgaria’s banking system.
State-run Bulgarian National Radio quoted Porozhanov as saying that the Bulgarian National Bank (BNB), which put Corpbank, or KTB, under special supervision in June, bears the entire responsibility for the suspension of the bank’s operations and the freezing of the accounts of enterprizes and individuals in the bank.
Porozhanov told a meeting of the caretaker cabinet that an option based on market instruments rather than public funds will be sought for the troubled lender.
He added that companies that have had their accounts in KTB frozen since June 20, have delayed their tax payments by an average of two weeks.
- » State Ventures To Invest 50% of 2016 Profits on Behalf of Bulgaria
- » Bulgaria's Debt Grows by EUR 2.1238 in 2016
- » Local Taxes May Be Paid to Sofia Municipality As Of February 1
- » State Debt Decreases in EU, Bulgaria in Q3 2016
- » Bulgaria Posts 46.4% Drop in FDI in Jan-Nov 2016
- » BSE: Six New Companies Join SEE Link Indices
We offer fresh cut bank instrument for lease/sale, such as BG, SBLC, MTN, Bank Bonds, Bank Draft, T strips and other. Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options and we also discount/monetize BG's.
This offer is open to both individuals and corporate bodies.
If in need of our services, contact me for detail information.
Porozhanov has hit the nail on the head - congratulations . Unfortunately the central bank is the problem and untill they pass on the problem they has caused to some competent institution , nothing will happen. From all this mess hopefully people will realise whom to trust and who knows what they are doing.