Bulgarians will pay fewer fees when getting a new loan after the amendments to the Consumer Credit Act come into effect as of July 22.
Customers of Corporate Commercial Bank (KTB), including natural and legal persons, will sue the state for the crisis at the fourth biggest Bulgarian lender.
More than 2.5 million people in Greece are in delinquency, with overdue loans estimated at EUR 67.25 B, Greek electronic media outlets report.
A plan to save Bulgaria's Corporate Commercial Bank is in preparation at the State General Reserve Fund (SGRF) of Oman, a fund source argues.
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.
Greek Development Minister Nikos Dendias has called on citizens to withdraw their assets from foreign banks and return them the country.
Prof. Nikolay Nenovski, Denitsa Kirilova and Emil Karanikolov will be the three new members of the Supervisory Board of the Bulgarian Bank for Development JSC.
The State General Reserve Fund of the Sultanate of Oman, one of Corporate Commercial Bank (KTB) shareholders, could take steps to save it, Bulgaria's Finance Minister announced.
The annual inflation in the Euro Area was 0.
The Sofia Regional Court allowed the divulging of bank secret on the debtors of the Corporate Commercial Bank (KTB), reports Dnevnik.
The Bulgarian government should seek a new loan adding BGN 3.4 B to mitigate the impact of developments at the Corporate Commercial Bank (KTB), the government says.
The five BRICS countries are due to create a development bank with USD 50 B in initial capital and an emergency fund, Brazil's President Dilma Rousseff announced.
The government will continue to support the Bulgarian National Bank's efforts in finding a complete solution for the case of Corporate Commercial Bank (KTB).
Offices of Bulgaria's Corporate Commercial Bank (KTB) and its subsidiary Credit Agricole will remain closed at least until September 21, Bulgarian National Bank informed Tuesday.
The Bulgarian National Bank (BNB) launched the procedure for starting a peer review of Bulgaria's banking supervision, said the bank in a statement.
Bulgaria's President, political leaders and other officials agreed Monday that Bulgaria should take immediate steps to join Europe's Single Supervisory Mechanism.
Captain Stefan Stefanov, who flies the airplane owned by Bulgarian banker Tsvetan Vasilev, has asserted no money was on board as Vasilev left Bulgaria in June.
“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.
The Corporate Commercial Bank (KTB) majority shareholder Tsvetan Vasilev responded to the claims of BNB Governor Ivan Iskrov in an open letter, published by the BGNES wire agency.
Events at Corporate Commercial Bank, which is to be stripped of license by central bank BNB, will not affect citizens' assets, Bulgarian Finance Minister Petar Chobanov stressed.
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