Central Bank Places Corporate Commercial Bank Under Supervision

Bulgaria's Central Bank (BNB) places under special supervision the Corporate Commercial Bank (KTB), said the BNB press office. 

According to BNB, CCB sent a letter asking for the supervision, due to “exhaustion of liquidity and termination of all payments and banking operations”. 

As of June 20, BNB revokes the rights of the KTB shareholders and appoints a supervisory board.