Bulgarian central bank
Government Greenlights New Law Paving Bulgaria's Path to Eurozone Entry
The Bulgarian government has given its nod to a brand-new Law on the Bulgarian National Bank (BNB), specifically designed to facilitate Bulgaria's seamless integration into the Eurozone. This legislation, set to replace the existing law upon the country's adoption of the euro as its official currency, received approval during the Council of Ministers' meeting today.
The Bulgarian National Bank to Lift Capital Buffer over Cyclical Risk
SOFIA, Sept 26 (Reuters) - The banks in Bulgaria will have to set aside additional capital as of October 2019 to counter a build-up of cyclical systemic risks linked to credit growth and real estate prices, the Bulgarian central bank said on Wednesday.
BNB: Positive Balance of Payments of EUR 417.1 M in September
In September, Bulgaria's balance of payments remained positive and marked an improvement for the first nine months of the year, showed data of the Bulgarian Central Bank (BNB).
The current and capital accounts balance of Bulgaria was positive in September and amounted to EUR 417.1 M, given a surplus of EUR 292.2 M exactly a year ago.
Omani Sovereign Fund Said to Be Seeking EUR 720 M from Bulgaria over KTB Collapse
The State General Reserve Fund of Oman has taken legal action against Bulgaria, seeking to recover the book value of its investment in collapsed Corporate Commercial Bank, Sofia-based 24 Chasa daily reported on Monday.
ECB 'to Extend Backstop to Bulgaria' over Greece Crisis
The European Central bank is to extend a backstop facility to Bulgaria and could provide assistance to other countries in Southeast Europe in view of possible crisis contagion from Greece, Bloomberg reports.
Bulgarian C-Bank Head Denies Claims He Will Quit on June 19
Bulgarian Central Bank Governor Ivan Iskrov on Thursday denied allegations claiming he had agreed to step down on June 19 to open the way for the election of his successor.
"No one has been authorised to make any statements on behalf of the BNB governor.", the central bank said in a statement.
Tsvetan Vasilev: Central Bank's Actions on KTB 'Prove Dependencies'
Bulgarian Central Bank BNB's position on the developments at Corporate Commercial Bank (Corpbank or KTB) is a clear sign of the financial authority's "strong dependencies", KTB majority owner Tsvetan Vasilev has said.
Bulgarian Court Opens Way for Insolvency Case Against KTB to Proceed
A top Bulgarian court has definitively refused to consider an appeal against the revoking of the banking licence of Corporate Commercial Bank (Corpbank or KTB), opening the way for an insolvency case against the collapsed lender to proceed.
Bulgaria to Start Repaying Deposits in KTB Dec 4
Bulgaria's Deposit Insurance Fund said on Thursday that from 4 December 2014 it will start repaying state-protected deposits in Corporate Commercial Bank (KTB), which had its banking license withdrawn earlier in the day.
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EU Bank Watchdog Urges Bulgaria to Ensure Instant Access to KTB Deposits
European Banking Authority said Monday Bulgaria should allow immediate access of depositors at Corporate Commercial Bank (Corpbank, KTB) to their savings.