Bank regulation

Sofia City Court To Hold First Session On KTB Insolvency Case

The Sofia City Court (SCC) will hold its first session on the Corporate Commercial Bank (KTB) insolvency case on Monday.

Last week the majority owner Bromak had filed an appeal with the Supreme Administrative Court (SAC) over the central bank's decision to withdraw KTB's banking licence.

Bulgaria’s Bank of the Year Association Organizes Conference on Banking Stability

An international conference titled "Banking stability" organized by the Bank of the Year Association will take place on December 3 at the National Archaeological Museum in Sofia.

The issue of banking stability is particularly topical in Bulgaria today but it is also important for the other EU Member States, according to the organizers of the event.

Capital adequacy ratios of local banking groups subject to stress tests, higher than regulated thresholds

The capital adequacy ratios of the subsidiaries of the banking groups operating on the Romanian market, included in the assessments conducted in Europe, are higher than the regulated thresholds, the National Bank of Romania (BNR) announced on Monday in a press release.

EBRD approves EUR 200mn loan

EBRD approves EUR 200mn loan

BELGRADE -- The European Bank for Reconstruction and Development (EBRD) will provide a EUR 200 million stand-by loan to Serbia's Deposit Insurance Agency.

The loan was approved in order to reinforce the stability of the country's banking sector.

Deposit Insurance Fund Ready To Pay After BNB Takes Away KTB License

Bulgaria's Deposit Insurance Fund (BDIF) is ready to pay the deposits of up to EUR 100 000 in case the troubled Corporate Commercial Bank (KTB) loses its license.

According to the DIF press statement, which came in response to the infringement proceedings opened by the European Commission against Bulgaria for delaying the payment of the guaranteed deposits.

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