First Investment Bank Management: The Bank Has Enough Liquidity

Business » FINANCE | June 27, 2014, Friday // 14:28
Bulgaria: First Investment Bank Management: The Bank Has Enough Liquidity Worried customers lined up in front of the First Investment Bank branches on Friday in Sofia, trying to withdraw their assets. Photo:

On Friday afternoon the management of the First Investment Bank, subjected to vicious rumours, causing panic among its depositors, came out with the following statement: 

Dear customers,

As you can see, the Bank is subjected to an unprecedented criminally organized attack with rumours and malicious public statements. There is no bank in the world, which can withstand such an organized attack. 

Only today (June 27) we paid off to our customers who came to the Bank, a total of over BGN 800 M.

The Bank has enough cash and various instruments, which require technological time to become available in the Bank. This is why today, (June 27) the Bank will work with customers until 3 p.m. On Saturday (June 28) and Sunday (June 29), we will not serve our customers. The Bank will open for business as usual on Monday (June 30).

We appreciate your understanding.Thank you for trusting us. 
The Management.

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Tags: cash, liquidity, First Investment Bank, banks
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