KTB

Trustees of Corporate Commercial Bank (KTB), currently in bankruptcy, announced the commencement of payments to creditors starting at 09:00 on November 5, 2024. This will involve amounts from the sixth partial account for distributing accepted receivables, totaling 30 million leva, as reported in a letter to BTA.

The Bulgarian banker Tzvetan Vassilev has again been declared an internationally wanted man. According to information from the National Radio, a European Arrest Warrant was issued for him last week, and since this week he has been submitted for search by Interpol. The reason is a new investigation against him, which the Sofia City Prosecutor's Office is working on.

''The Corporate Commercial Bank'' case went to the court. Tzvetan Vassilev and 17 other bankers and financiers will stand on the dock, reported bTV.

Early this morning, 12,000 pages of indictment had been moved from the offices of the Prosecutor's Office to the Special Criminal Court.

Bulgarian businessman Tsvetan Vasilev drained BGN 2.5 B out of his own bank through special purpose vehicles, consultancy firm AlixPartners says in a report made public on Tuesday.

The report had been ordered by officials to track down the assets of Bulgaria's fourth-largest lender after its insolvency was declared in 2014.

The Supreme Court of Serbia is to interrogate Tsvetan Vasilev, the majority shareholder at insolvent Corporate Commercial Bank (Corpbank or KTB), in relation to an extradition request from Bulgaria.

Vasilev left Bulgaria in the summer of 2014, in the days around the collapse of KTB which was placed under special supervision by central bank BNB following a bank run on June 20, 2014.

Lawmakers have voted to approved changes to the Bank Insolvency Act on a first reading which also allow for the publication of a report by UK-based consultancy AlixPartners on insolvent Corporate Commercial Bank (Corpbank/KTB), local media have reported.

Bulgarian businessman Tsvetan Vasilev accused controversial lawmaker Delyan Peevski of blackmailing him and asking to take over key companies in return for sparing Corporate Commercial Bank (Corpbank or KTB) back in 2014.

Bulgarian Prime Minister Boyko Borisov has asserted that the report prepared by an international consultancy that is tracing unlawfully used assets of Corporate Commercial Bank (Corpbank or KTB) will be made public on Monday.

Borisov has told the Bulgarian National Television that the global consulting firm AlixPartners granted its consent in a telephone conversation.