National bank

The Bulgarian legislators have imposed an upper limit for the salary of the head of the country's financial regulator, making it equal to the wage of the Speaker of Parliament.

Jorgovanka Tabakovic has said that the Serbian banking system is solvent and stable, and that banks are not in need of recapitalization.

These are the first results of diagnostic studies that the NBS carried out on 14 banks doing business in Serbia, in accordance with the agreement within the IMF program, the governor of the National Bank of Serbia (NBS) said on Friday.

The governor of the Bulgarian National Bank (BNB), Dimitar Radev, assured that the country's banking system is stable as a whole.

Radev noted that Bulgaria's commercial banks have high liquidity, but restoring the confidence to previous levels goes through stress tests and external assessment.

Legal action taken against Bulgaria by the State General Reserve Fund of Oman is based on ill-founded claims, the country's Finance Minister Vladislav Goranov said on Tuesday.

He asserted Bulgaria was "prepared to fight this battle" and had already hired a team of lawyers.

The State General Reserve Fund of Oman has taken legal action against Bulgaria, seeking to recover the book value of its investment in collapsed Corporate Commercial Bank, Sofia-based 24 Chasa daily reported on Monday.

Neli Kordovska, the Bulgarian National Bank's Director General in charge of Banking Supervision, has stepped down, officials have said.

Kordovska is not taking the respective office at Bulgaria's central bank BNB as of October 1.

Representatives of the institution have announced on the BNB's Bulgarian-language website that a procedure is already underway to pick her successor.

Bulgaria's central bank on Friday warned of a scam involving potential misuse of personal data.

The Bullgarian National Bank (BNB) said that it has been tipped about unknown individuals making unsolicited phone calls, claiming to work as BNB employees and offering credit cards at preferential terms.

The Bulgarian National Bank has to change the way it publishes information about the banking system in Bulgaria, renowned economist Prof Steve Hanke has said.

He has warned the BNB of putting out "very aggregate statistics", with information about bigger and smaller banks all "lumped together" a practice from which data suffers, preventing a thorough analysis of the system.

Bulgaria's central bank said on Friday it has rejected an application by Sofia-based Industrial Holding Doverie to acquire 99.53% of the share capital of Tokuda Bank.

The Bulgarian National Bank (BNB) and the State Agency for National Security (DANS) are to cooperate on countering and preventing money laundering and financing of terrorism.

BNB and DANS are also to collaborate on preventing and uncovering crimes threatening the economic and financial security of Bulgaria.