Business » Finance

GERB Withdraws Proposal to Save KTB Through Legal Changes

Conservative GERB has renounced its proposal for legislative amendments that could restore troubled Corporate Commercial Bank (KTB) back to health.

Business » Finance | October 31, 2014, Friday // 13:29 | Viewed: 834

Intl Consortium Proposes to Inject BGN 2.3B in Bulgaria's KTB - FinMin

An international consortium has proposed to Bulgarian authorities to invest BGN 2.3B in troubled Corporate Commercial Bank (Corpbank or KTB), carateker Finance Minister Rumen Porozhanov said on Friday.

Business » Finance | October 31, 2014, Friday // 11:01 | Viewed: 976

Interim Parliamentary Budget Committee Votes To Save KTB

The interim parliamentary budget committee approved amendments to the Credit Institutions Act, obligating Bulgaria's Central bank (BNB) to save banks whose capital becomes a negative quantity, reports the bTV national channel.

Business » Finance | October 29, 2014, Wednesday // 19:30 | Viewed: 1320

Twelve Bulgarian Central Bank Employees Interrogated over KTB

A total of 12 employees of the Bulgarian National Bank (BNB) were summoned to give testimony at 10:00 EET (08:00 GMT) in Sofia's investigation office on Monday.

Business » Finance | October 28, 2014, Tuesday // 12:30 | Viewed: 1004

Caretaker PM Georgi Bliznashki Tables Budget Update Draft In Parliament

Caretaker PM Georgi Bliznashki will table a draft proposal for the an update of Bulgaria's state budget on Tuesday.

Business » Finance | October 28, 2014, Tuesday // 07:56 | Viewed: 678

Bulgaria's Central Bank Urges Parliament to Set Up KTB Committee

The Bulgarian National Bank has called on the newly-convened Parliament to create a temporary committee on the crisis at Corporate Commercial Bank (Corpbank or KTB).

Business » Finance | October 27, 2014, Monday // 18:30 | Viewed: 1181

Merger of Revenue, Customs Agency Not on Agenda of Caretaker Govt

Bulgaria’s Finance Ministry has assured that it is not developing a framework or project for the merger of the National Revenue Agency (NRA) and the Customs Agency.

Business » Finance | October 24, 2014, Friday // 18:17 | Viewed: 1010

Bulgaria's Central Bank Holds Meeting on KTB Recovery

Bulgarian National Bank (BNB) met on Friday representatives of Vienna-based fund EPIC, Oman's state fund and London-based Gemcorp, the central bank said in a statement.

Business » Finance | October 24, 2014, Friday // 17:46 | Viewed: 1487

Bulgaria's Ombudsman Predicts 'Avalanche Of Lawsuits' Regarding KTB

Bulgaria's courts will be flooded by “an avalanche of lawsuits” with connection to the Corporate Commercial Bank (KTB), Bulgaria's Ombudsman Konstantin Penchev told the BNR public broadcaster.

Business » Finance | October 24, 2014, Friday // 15:18 | Viewed: 1139

Bulgaria’s End-August Gross Foreign Debt Rises 2.2% Y/Y

Bulgaria’s gross foreign debt totalled EUR 38.2B as of end-August, increasing 2.2% from a year earlier and 2.3% higher compared with end-2013, the central bank has said.

Business » Finance | October 24, 2014, Friday // 12:56 | Viewed: 1005

KTB Directors: BNB Report Is 'A Lampoon'

fter keeping the Corporate Commercial Bank (KTB) in a coma for four months, yesterday Bulgaria's Central Bank (BNB) presented to the public an irresponsible lampoon, not a professional audit analysis, said the suspended KTB executive directors in an open

Business » Finance | October 23, 2014, Thursday // 20:24 | Viewed: 1611

Deposits In Bulgaria's Banks Up BGN 531 M In September

The deposits in Bulgaria's banks grew by BGN 531 M in September, shows data of the Bulgarian National Bank.

Business » Finance | October 23, 2014, Thursday // 19:01 | Viewed: 1001

EU Bank Watchdog Urges Bulgaria to Ensure Instant Access to KTB Deposits

European Banking Authority said Monday Bulgaria should allow immediate access of depositors at Corporate Commercial Bank (Corpbank, KTB) to their savings.

Business » Finance | October 21, 2014, Tuesday // 09:42 | Viewed: 1421

Conservators at Bulgaria’s Corpbank Submit Audit Report

The conservators at Corporate Commercial Bank (Corpbank, KTB) have submitted to the Bulgarian National Bank (BNB) the audit of the financial institution.

Business » Finance | October 20, 2014, Monday // 19:26 | Viewed: 1309

Finance Ministry Reopens 10.5-Year Issue of BGN-Denominated Govt Securities

Bulgaria’s Finance Ministry reopened the 10.5 year issue of Government Securities (GS) issued on 15 January 2014 with maturity 15 July 2024.

Business » Finance | October 20, 2014, Monday // 18:53 | Viewed: 786

Tsvetan Vasilev: BNB Not Willing to Discuss Options to Restructure Corpbank

Bulgaria's central bank is resorting to "absurd" excuses to avoid carrying out its legal duties about Corporate Commercial Bank (Corpbank or KTB), its owner has said.

Business » Finance | October 20, 2014, Monday // 13:54 | Viewed: 1091

Russian Bank To Acquire Bank Victoria?

Rossiyskiy Kredit Bank wants to acquire 100% of the capital of Bulgaria's Victoria commercial bank (formerly Credit Agricole Bulgaria), part of the troubled Corporate Commercial Bank (KTB), reports BGNES.

Business » Finance | October 18, 2014, Saturday // 12:14 | Viewed: 2121

Bulgaria Posts EU's Largest Annual Deflation Rate in September

Euro area annual inflation was 0.3% in September 2014, down from 0.4% in August which is the lowest rate recorded since October 2009, according to Eurostat statistics.

Business » Finance | October 16, 2014, Thursday // 17:54 | Viewed: 1295

Payment Of Guaranteed Deposits In KTB To Begin In November

The payment of the guaranteed deposits in Bulgaria's troubled Corporate Commercial Bank (KTB) and its daughter bank Victoria (formerly Credit Agricole Bulgaria) would start in November, said Bulgaria's caretaker Finance Minister Rumen Porozhanov, quoted b

Business » Finance | October 15, 2014, Wednesday // 15:45 | Viewed: 1792

Depositors Storm KTB Headquarters, Blockade Streets

Customers of troubled Corporate Commercial Bank (Corpbank or KTB) tried to enter the bank's main building at Sofia's Garibaldi Square on Tuesday.

Business » Finance | October 14, 2014, Tuesday // 14:59 | Viewed: 1476

Bulgaria's Trade Balance Posts EUR 157.7M Deficit in August

The current and capital account recorded a surplus of EUR 476.4M in August 2014, compared to a surplus of EUR 931.3M in August 2013, according to data, provided by Bulgaria's National Bank.

Business » Finance | October 14, 2014, Tuesday // 14:58 | Viewed: 1002