Bulgarian Parliament Approves Lifting of Bank Secrecy at Second Reading
- Tweet
Send to Kindle
The head office of the insolvent Corporate Commercial Bank (KTB). File photo
The Bulgarian Parliament approved on Thursday the lifting of the bank secrecy for banks declared insolvent.
The MPs approved the amendments to the Law on Credit Institutions at a second reading without holding a debate, daily Dnevnik reports.
According to the adopted amendments, an assignee will have to announce the names of natural and juridical persons and the size of their deposits within a period of six months after the insolvency of a bank.
The assignee at an insolvent bank will also have to announce the names of those holding credits and deposits with privileged interest rates.
The amendments were devised by the ad hoc inquiry committee on examining the facts and circumstances related to the collapse of the Corporate Commercial Bank (KTB).
- » Croatia Introduces the Euro by the End of the Next Government's Term
- » Portugal Raises the Minimum Wage to EUR 635
- » Record: Bulgarians Abroad Have Sent over 1 Billion in the Country
- » The State Budget for 2020 Was Approved at First Reading
- » The Average Salary Increased to BGN 1,266 in September
- » Bulgaria's EU Funding Won't Be Reduced in the Next 7-Year Programming Period
