National bank

Surprising or not - 6 people a month become millionaires in Bulgaria. Year-on-year, Bulgarian citizens, which have over 1 million leva in the bank, have increased by 71, according to the latest data of the Bulgarian National Bank (BNB). Thus, by the end of last year, the wealthy people in Bulgaria were 833. They have a total of 2,030 billion levs, ie.

Parliament adopted amendments to the Credit Institutions Act at first reading, reported BGNES. 

The purpose of the draft law is to improve the regulatory framework for banking supervision by complying with the recommendations of the Financial Sector Assessment Program report and the commitments made by the Bulgarian National Bank in response to the report.

Bulgarian prosecutors have indicted an organized crime group of 18 people over the failure of the Corporate Commercial Bank, CCB, in 2014, starting with the bank's majority owner, Tsvetan Vassilev.

The indictment was filed with ihe Special Criminal Court in Sofia on Thursday.

Owing to reforms, capital and liquidity buffers the Bulgarian banking system has stabilized in the wake of the closure of Corporate Commercial Bank in 2014. This is the finding of the International Monetary Fund following its evaluation of the stability of Bulgaria's financial system, BNR reported.

IMF recommends further strengthening of banking supervision.

The state's representatives on the governing boards of the country's systemic banks have to resign as they do not fulfill the criteria of the law the government introduced after the 2015 negotiations with Greece's creditors.

Stability is the key word for all participants and stakeholders of public and political life, says National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic.

It is also "the key characteristic of what has been done in reform activities over the past three years," she told the Kopaonik Business Forum.

The Bulgarian National Bank paid BGN 22.3 M to the Board of Directors and its employees in 2015.

BGN 6 M were for bonus payments, announced a report by the National Audit Office. Ivan Iskrov was the Governor of BNB until July, 2015. After that, the position was occupied by Dimitar Radev.

Bulgarian President Rosen Plevneliev is set to appoint one of his advisers to the Governing Council of the Bulgarian National Bank (BNB), his press office has said.

Elitsa Nikolova has worked as adviser on economy, regional development and infrastructure with the President since January 2012.

Reforms in governance and banking supervision at Bulgaria's central bank have been discussed at a meeting of its governor Dimitar Radev with the heads of missions of EU Member States and the delegation of the European Commission in Sofia on Tuesday.

Dragana Stanic says she hopes Serbia would soon get its first electronic money institutions, the so-called "Serbian paypals."

The director of the National Bank of Serbia (NBS) Payment System Department noted on Wednesday that currently these services are offered only by banks and post offices.