SOFIA, June 23 Bulgaria will nationalise the
Corporate Commercial Bank (Corpbank) if talks with
existing shareholders to support the lender fail, the finance
minister said in a statement on Monday.
Bulgarians will have the choice to keep or withdraw their
deposits from Corpbank when it reopens on July 21, he said,
adding that it was not yet known what kind of capital increase
A run on the country's No. 4 lender last week prompted the
central bank to take it over on Friday.
"The aim is to recover the bank group and the depositors to
receive their funds in full," the finance ministry quoted the
Finance Minister Petar Chobanov as saying in a statement.
(Reporting by Tsvetelia Tsolova and Matthias Williams)