Conservators at Bulgaria’s Corpbank Submit Audit Report

Business » FINANCE | October 20, 2014, Monday // 19:26
Bulgaria: Conservators at Bulgaria’s Corpbank Submit Audit Report Bulgarian National Bank headquarters, photo by BGNES

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

KTB was placed under conservatorship by the Bulgarian National Bank on June 20 due to a bank run.

The audit reports on the condition of KTB were prepared by AFA OOD, Deloitte Audit OOD, Ernst & Young OOD, according to a media statement of BNB.

BNB also informs that it has received no offer from a consortium interested in stabilizing KTB.

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Tags: Corpbank, Corporate Commercial Bank, KTB, Bulgarian National Bank, BNB, audit, conservatorship
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