European System of Central Banks

Bulgaria's Central Bank Urges Parliament to Set Up KTB Committee

The Bulgarian National Bank has called on the newly-convened Parliament to create a temporary committee on the crisis at Corporate Commercial Bank (Corpbank or KTB).

In a statement issued minutes after the new Bulgarian Parliament appointed its speaker on Monday, the financial institution argued the committee should be composed of representatives of all parties in Parliament.

Clean bill of health for Greek banks from stress tests

Greek banks received what amounts to a virtually clean bill of health from the European Central Bank, as the results of the stress tests Frankfurt performed on the four systemic lenders of this country showed on Sunday that Alpha and Piraeus have completed the exercise successfully through their dynamic picture, and only Eurobank and National need to cover the negligible amount of 291 million e

Deposits In Bulgaria's Banks Up BGN 531 M In September

The deposits in Bulgaria's banks grew by BGN 531 M in September, shows data of the Bulgarian National Bank.

This is the second consecutive month with growth, after the summer bank troubles when depositors were withdrawing large sums.

At the same time the lending activities remain relatively weak - in September the banks gave BGN 342 M in credits.

Tsvetan Vasilev: BNB Not Willing to Discuss Options to Restructure Corpbank

Bulgaria's central bank is resorting to "absurd" excuses to avoid carrying out its legal duties about Corporate Commercial Bank (Corpbank or KTB), its owner has said.

In a statement on his website, Tsvetan Vasilev also points out the bank is actually serving the interest of a coalition called "PPP", but stops short of revealing what stands for the abbreviation.

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