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HOT: » CorpBank majority shareholder Tzvetan Vasilev comments on latest developments at the bank in an exclusive interview with Novinite

Business » Finance

New Amendments Introduced to Consumer Credit Act

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.

Business » Finance | 1 hour ago | Viewed: 124

Customers of Troubled Bulgarian Corpbank to Sue State for Damages

Customers of Corporate Commercial Bank (KTB), including natural and legal persons, will sue the state for the crisis at the fourth biggest Bulgarian lender.

Business » Finance | 2 hours ago | Viewed: 217

Over 1/4 of Greeks Indebted, Outstanding Loans Valued at EUR 67 B

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.

Business » Finance | July 21, 2014, Monday // 14:30 | Viewed: 498

Oman Fund 'Drafting Plan for Bulgaria's Corporate Commercial Bank'

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.

Business » Finance | July 21, 2014, Monday // 12:10 | Viewed: 995

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

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.

Business » Finance | July 21, 2014, Monday // 12:00 | Viewed: 696

Greeks 'Should Withdraw Deposits from Foreign Banks' - Minister

Greek Development Minister Nikos Dendias has called on citizens to withdraw their assets from foreign banks and return them the country.

Business » Finance | July 20, 2014, Sunday // 15:08 | Viewed: 881

Bulgarian Development Bank's New Executive Board Assumes Office

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.

Business » Finance | July 18, 2014, Friday // 18:05 | Viewed: 871

Oman State Fund 'Could Save Bulgaria's CorpBank' - FinMin

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.

Business » Finance | July 18, 2014, Friday // 15:14 | Viewed: 1618

Bulgaria Records Highest Annual Deflation Levels in EU

The annual inflation in the Euro Area was 0.

Business » Finance | July 17, 2014, Thursday // 17:18 | Viewed: 1104

Court Allows Divulging of Bank Secret in KTB Investigation

The Sofia Regional Court allowed the divulging of bank secret on the debtors of the Corporate Commercial Bank (KTB), reports Dnevnik.

Business » Finance | July 16, 2014, Wednesday // 16:46 | Viewed: 1218

Bulgaria Increases State Debt by USD 3.4 B, Sets Deficit at 2.7%

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.

Business » Finance | July 16, 2014, Wednesday // 15:28 | Viewed: 1371

Bulgarian Government to Decide on Budget Overhaul

Bulgaria's Council of Ministers is set to take a final decision to update the 2014 budget at its meeting scheduled for Wednesday.

Business » Finance | July 16, 2014, Wednesday // 11:00 | Viewed: 915

BRICS Agree to Set Up USD 100 B Development Bank, Emergency Fund

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.

Business » Finance | July 16, 2014, Wednesday // 09:14 | Viewed: 1142

Bulgaria's Govt Supports BNB's Efforts to Find Solution for KTB Case

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).

Business » Finance | July 15, 2014, Tuesday // 17:25 | Viewed: 1410

KTB, Credit Agricole Under Special Supervision Until September 21

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.

Business » Finance | July 15, 2014, Tuesday // 16:48 | Viewed: 1763

BNB Starts Procedure for European Banking Supervision

The Bulgarian National Bank (BNB) launched the procedure for starting a peer review of Bulgaria's banking supervision, said the bank in a statement.

Business » Finance | July 15, 2014, Tuesday // 14:27 | Viewed: 1119

Bulgaria to Seek Integration into EU Bank Supervision Mechanism

Bulgaria's President, political leaders and other officials agreed Monday that Bulgaria should take immediate steps to join Europe's Single Supervisory Mechanism.

Business » Finance | July 14, 2014, Monday // 23:08 | Viewed: 1518

Tsvetan Vasilev 'Did Not Take Money out of Bulgaria' on Plane -Pilot

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.

Business » Finance | July 13, 2014, Sunday // 11:57 | Viewed: 1688

BNB Governor Responds to Tsvetan Vasilev's Accusations

“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.

Business » Finance | July 12, 2014, Saturday // 10:54 | Viewed: 1331

Tsvetan Vasilev Responds to BNB Governor, Threatens to Sue

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.

Business » Finance | July 11, 2014, Friday // 17:27 | Viewed: 2098

Bulgaria to Set Aside BGN 1.5 - 2 B to Protect Savings at KTB - FinMin

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.

Business » Finance | July 11, 2014, Friday // 15:25 | Viewed: 1425
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