Reuters logo
Bulgaria PM says no grounds for concern over banking system
June 27, 2014 / 8:50 AM / 3 years ago

Bulgaria PM says no grounds for concern over banking system

SOFIA, June 27 (Reuters) - Bulgaria’s central bank, in an unprecedented statement, warned on Friday of an attempt to destabilise the country through an organised attack on the banking system and it vowed to use all tools at its disposal to protect citizens’ savings.

The bank urged all state institutions to work together to protect financial stability and to take legal action against all those spreading “untrue and ill-intentioned rumours” about the health of banks.

“In recent days there has been an attempt to destabilise the state through an organised attack against Bulgarian banks without any reason,” the statement said, adding that First Investment Bank had been a major target.

Last week, customers unnerved by reports of shady deals involving Corporate Commercial Bank (Corpbank) rushed to withdraw their deposits, prompting the central bank to seize control of the lender and shut down its operations.

Reporting by Angel Krasimirov, Tsvetelia Tsolova and Matthias Williams; Writing by Gareth Jones

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below