Anti-bank Rally Held in Sofia amidst 2 Other Protests

Society | February 24, 2013, Sunday // 12:39
Anti-bank Rally Held in Sofia amidst 2 Other Protests: Anti-bank Rally Held in Sofia amidst 2 Other Protests Bulgaria has been swept by a wave of unprecedented protests against the political system of a scale unseen since 1997, when rallies toppled a Socialist Cabinet. Photo by BGNES

Demonstrators have gathered in the capital Sofia Sunday in a protest against the abuse of clients on the part of Bulgarian banks.

The rally, which is the third one for the day, is held in front of the building of the Central Bank, BNB.

The demonstrators are calling for the ousting of the Bank's governor, Ivan Iskrov, over the inadequate policies of the Central Bank, leading to mass violations in the Credit Institutions Act.

Other demands include a ban on changing interest rates and other terms of the loans singlehandedly by the banks, transparency in forming interest rates and in loan granting criteria, passing a law on filing personal bankruptcy, a mechanism for out-of-court protection of customers, and stronger control of BNB on banks.

We need your support so can keep delivering news and information about Bulgaria! Thank you!

Society » Be a reporter: Write and send your article
Tags: Ivan Iskrov, banks, BNB, interest rates, protest, protests, rallies, rally, Central Bank
Advertisement All Are Welcome! Join Now!
Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria