SOFIA, June 25 Oman's sovereign wealth fund held
talks with the Bulgarian government and the central bank on
Tuesday about recapitalising Corporate Commercial Bank
(Corpbank), Oman's honorary consul in Sofia told
Reuters on Wednesday.
The fund had earlier sent a letter to Bulgarian authorities
about holding talks to protect its interest in Bulgaria's
fourth-largest lender, the consul said.
The central bank seized control of Corpbank last Friday
after a run on the lender, froze its operations and said it
would start talks with its existing shareholders, which include
the Oman fund, about supporting it.
If the talks fail, Bulgaria has said it will nationalise the
"I know that the fund has sent a letter to the Bulgarian
government and the central bank insisting talks be held in
respect to protecting its interest in the bank," Stoyan Denchev
told Reuters by phone. "Such talks took place yesterday, but I
do not know the outcome."
(Reporting by Tsvetelia Tsolova; writing by Matthias Williams;
editing by Jason Neely)