European System of Central Banks
GERB Heads Bulgarian Parliament's Budget, Legal Affairs Committees
Center-right GERB party, the biggest in Parliament, is to preside over the two temporary committees with the National Assembly formed Wednesday.
The decision was announced a few hours ahead of MPs' first regular plenary session after the legislature was convened on Monday.
Twelve Bulgarian Central Bank Employees Interrogated over KTB
A total of 12 employees of the Bulgarian National Bank (BNB) were summoned to give testimony at 10:00 EET (08:00 GMT) in Sofia's investigation office on Monday.
Most Bulgarian-language sources say they are being questioned in relation to the probe into Corporate Commercial Bank (KTB).
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.
Corporate lending in eurozone periphery slumps further in Sept
Lending to companies in the euro zone periphery continued to fall in September, while banks in core countries kept lending more, ECB data showed on Monday, highlighting the divergence in economic strength in the bloc.
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
Bulgaria's Central Bank Holds Meeting on KTB Recovery
Bulgarian National Bank (BNB) met on Friday representatives of Vienna-based fund EPIC, Oman's state fund and London-based Gemcorp, the central bank said in a statement.
KTB Directors: BNB Report Is 'A Lampoon'
After keeping the Corporate Commercial Bank (KTB) in a coma for four months, yesterday Bulgaria's Central Bank (BNB) presented to the public an irresponsible lampoon, not a professional audit analysis, said the suspended KTB executive directors in an open letter to the media.
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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.
Conservators at Bulgaria’s Corpbank Submit Audit Report
The conservators at Corporate Commercial Bank (Corpbank, KTB) have submitted to the Bulgarian National Bank (BNB) the audit report of the financial institution.
KTB was placed under conservatorship by the Bulgarian National Bank on June 20 due to a bank run.
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.