July 22, 2014 / 1:45 PM / 4 years ago

Bulgaria central bank head says ready to step down

SOFIA, July 22 (Reuters) - Bulgaria’s Central Bank Governor Ivan Iskrov said on Tuesday he was ready to step down provided the current parliament appointed a successor.

In a letter to parliament published on the central bank’s website, he said he would not let the bank be used as a political “toy” ahead of an October election, after the institution was attacked for its handling of a banking crisis. Parliament is due to be dissolved in early August.

Iskrov blamed a lack of political consensus for derailing the planned reopening of Corporate Commercial Bank (Corpbank) on July 21, after the country’s fourth largest lender shut down following a run on deposits.

Reporting by Tsvetelia Tsolova; writing by Matthias Williams, editing by John Stonestreet

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