Ernst & Young

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).

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.

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.

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.

During the Bulgarian National Bank (BNB)'s press conference, Governor Ivan Iskrov cited the conclusions of the independent audit at the Corporate Commercial Bank (KTB).

He outlined the results of the inspection conducted by Deloitte Audit, Ernst & Young and Afa, as follows:

The Bulgarian National Bank (BNB) has announced it is to present the results of an inspection at troubled Corporate Commercial Bank (KTB) by the end of this week.

KTB, Bulgaria's fourth-largest bank, fell under special supervision by BNB upon its own request in mid-June, after rumors about its failure triggered an exhaustion of liquidity.

An inspection of the assets and liabilities of the Corporate Commercial Bank (KTB) banking group has been launched.

The inspection, which was requested by the Bulgarian National Bank (BNB) and the government, includes the credit and investment portfolios, according to a media statement of BNB.

 Banks’ requirements will not exceed 6 bln euros; methodology will be available for scrutiny, sources say

By Yiannis Papadoyiannis