53% of Bulgarians Do Not Trust Banking System – Poll

Business » FINANCE | August 20, 2014, Wednesday // 12:32
Bulgaria: 53% of Bulgarians Do Not Trust Banking System – Poll File photo.

Some 53% of Bulgarians do not trust the banking system in the country, according to a survey conducted by Gallup International.

Lack of trust in Bulgarian financial institutions is on the rise for second straight month. In July, it was 41%.

Meanwhile, some 27% and 33% of the polled said they had trust in the banking system in August and in July respectively, BGNES reports.

Almost half of the respondents (49%) think that Corporate Commercial Bank (KTB) has been a subject of political attack. A total of 16% of the polled disagree with that proposition and 35% can not say.

Most Bulgarians (43%) want KTB to be 'saved' and rehabilitated by its shareholders. Only 19% of the respondents said they wanted the bank to be closed and to declare bankruptcy. Some 38% have no opinion on the matter, BGNES informed.

The study of Gallup International was conducted between 1-6 August 2014 among 1,010 people. The statistical error is 3%.

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Tags: trust, banking system, banks, Corporate Commercial Bank, KTB, poll, Gallup
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