BdB

German banks have around 23.5 billion euros ($28 billion) in credit exposure to Greece, but the systemic risk is limited as the biggest commercial banks, Deutsche Bank and Commerzbank, hold only a tiny fraction of that, according to figures gathered by Reuters.

The Supervisory Board of the state-owned Bulgarian Development Bank (BDB) has conducted a top-level reshuffle.

Angel Gekov and Iliya Kirchev will replace the outgoing Chairman of the Management Board and Chief Executive Officer Dimo Spasov and the member of the Management Board and Executive Director Ivan Hristov.

Bilian Balev remains part of the governing body of the BDB.