Damaged Leva Banknotes to Be Exchanged for Euros Under BNB’s New Guidelines
The Bulgarian National Bank (BNB) has released another set of practical guidelines regarding the transition to the euro once the country joins the eurozone
Customers of troubled Corporate Commercial Bank (Corpbank or KTB) tried to enter the bank's main building at Sofia's Garibaldi Square on Tuesday.
Their demand was to meet the bank's Supervisory Board, the experts appointed by the Bulgarian National Bank (BNB) after the latter placed KTB under conservatorship in June.
Protesters, who have held a number of rallies over the
last weeks, have vowed not to give up demonstrations until their calls are heeded.
They insist KTB should be opened to allow customers the opportunity to use their money and demand to meet the supervisors to pose their questions.
The Corpbank crisis has affected between 200 000 and half a million people and tens of state entities which saw their asset there frozen after it suspended all operations this summer.
Ivan Denkoglu Str, where the bank is located, has been sealed off by police after the protests started.
A similar protest was held on Monday.
Bulgaria’s transition to the euro raises many questions about how loans and payments will be handled
During the Investor.bg Banking Today conference, held on May 13 at the Inter Expo Center, Prof. Raul Eamets emphasized that Bulgaria is practically already linked to the euro due to the currency board
Bulgaria has reported a deflation rate of -0.8% for April 2025, with annual inflation recorded at 3.5%
According to the latest data from the Bulgarian National Bank (BNB), the number of individuals in Bulgaria holding bank deposits of over 1 million BGN continues to rise steadily—at an average rate of one new millionaire depositor per day.
According to data published on the Bulgarian National Bank’s (BNB) official website, household lending surged by 20.
The Bulgarian National Bank (BNB) has released another set of practical guidelines regarding the transition to the euro once the country joins the eurozone
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