European System of Central Banks

Depositors at troubled Corporate Commercial Bank (KTB) have demanded that the bank be open before October 5, the date of early elections for Parliament in Bulgaria.

They have also insisted that Bulgarian National Bank (BNB) Governor Ivan Iskrov step down immediately.

KTBalive Facebook group has accused Bulgaria's central bank governor of attempting to depict protests by frustrated depositors at troubled Corpbank (KTB) as being manipulated.

Sofia Court of Appeals has turned down the request for dismissal of Tsvetan Gounev as BNB Deputy Governor.

The ruling, which follows a similar move from the Sofia City Court, has been explained with "lack of evidence".

The European Central Bank detailed plans on Thursday for changing the way the eurozone governors vote from next year, curbing smaller economies' potential influence in favour of big countries, like Germany.

Interim Finance Minister Rumen Porozhanov has announced his institution is to meet representatives of Vienna-based fund EPIC in the coming days.

After a cabinet session Porozhanov explained his ministry sought to get familiar with prospective intentions to rescue troubled Corporate Commercial Bank (Corpbank or KTB).

Bulgarian National Bank (BNB) has welcomed the efforts of EPIC Financial Consulting to prepare a plan for the recovery of Corpbank (KTB), Monday.

BNB is willing to participate within its competence in discussions on the restructuring and recapitalization of the bank, a statement issued by the press office of the Central Bank reads.

Bulgaria's current account showed a surplus of EUR 594.3 M in July, compared with a surplus of EUR 194.3 M in the equivalent month of 2013, the central bank (BNB) said on Monday.

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Bank experts, trade-union representatives and employers are set to discuss ways out of the crisis at Corporate Commercial Bank (Corpbank or KTB) and possible bailout scenarios.

A letter from the Sultanate of Oman's State General Reserve Fund (SGRF) is to be discussed during the talks at the Bulgarian Industrial Association (BIA).

The State General Reserve Fund (SGRF) of the Sultanate of Oman is working with the Bulgarian government to handle the situation at Corporate Commercial Bank (Corpbank or KTB).

SGRF President Darwish al-Balushi, also serving as the country's Finance Minister, made the announcement, stopping short of revealing any details, BGNES wire service reports.

The Bulgarian National Bank kept its eyes shut for many irregularities in the financial sector, Bulgaria's caretaker Prime Minister Georgi Bliznashki told  bTV national channel. 

In Bliznashki's words, the situation with the Corporate Commercial Bank (KTB) was a "ticking time bomb" and hinted at eventual similar problems in the banking sector.