European System of Central Banks
Mario Draghi to push ECB to buy Greek, Cypriot 'junk' loans: FT
European Central Bank President Mario Draghi is set to push the ECB to buy junk-rated Greek and Cypriot bank loans, a move that may increase tensions between Germany and the bank, the Financial Times reported.
KTB Depositors Threaten to Foil Bulgaria's Elections
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 Group Slams at Bulgaria's Central Bank Governor
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.
Another Court Rejects Appeal Dismiss BNB Deputy Governor
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".
ECB outlines new plan that will give more voting power to bigger states
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.
Finance Ministry Meets with EPIC to Discuss KTB Recovery
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).
BNB Welcomes KTB Shareholders' Efforts to Work on Recovery Plan
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.
Services, Current Transfers Boost Bulgaria’s July C/A Surplus
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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Corpbank Rescue Options to Be Discussed at BIA
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).
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Oman Fund 'Working Toward Solving KTB Problems'
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.
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