Bankruptcy of CorpBank

For more than a month, leading economists and bankers have been analyzing what is happening at CorpBank and, together with politicians, are looking for a solution to the crisis at the fourth largest bank in Bulgaria. Currently, experts are awaiting more complete information about the quality of the bank's assets, and politicians are on the verge of raising …

The BNB's ambitious plan to save the banking system actually raised more questions than answers, and the end result was more confusion than relief. To top it all off, on July 14, the media reported the magic number of BGN 3.7 billion – the amount that would be needed to implement …

The Governor of the Bulgarian National Bank told the media today that Corporate Commercial Bank is not bankrupt. Not that we can expect another statement from an institution created to save banks from the effects of the credit expansion they generate, but we should note that there is some truth in his words. Without …