The Romanian Agency for Payments and Intervention in Agriculture (APIA) has frozen accounts of the Bulgarian private lender First Investment Bank (FIB) in the amount of 44 million levs. This …
The “Bad Apples” Banks
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FIBANKInvestigationsLeadingThe "Bad Apples" Banks
Turning Point in Case of Theft of EUR 22 Million from Romania with Complicity of Bulgarian Bank
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InvestigationsLeadingPeevskiThe "Bad Apples" Banks
In 2012, Bulgarian central bank found:
Huge Hole in Private Lender FIB, Forged Exposures and Fictitious Profits
The liquidity and operational risks, the ability to generate profits and the capital adequacy of FIB are discussed in the last part of the classified report of Bulgarian National Bank …
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InvestigationsLeadingThe "Bad Apples" Banks
Bulgarian Central Bank in 2012: “FIB Should Raise Its Capital and Stop Lying”
“To prepare a realistic plan for additional capital support in order to ensure the sustainability of the equity of the Bank.” This is one of the recommendations in the classified …
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InvestigationsLeadingPeevskiThe "Bad Apples" Banks
Part 2; Money is poured in loans granted to oligarchs and connected companies
BNB Admits Existence of “Lethal” Reports on FIB. They Were Secret.
There are two supervisory reports on First Investment Bank, from 2012 and 2015. BNB admits this fact in a response to questions sent by Bivol. The reports have been prepared …
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InvestigationsLeadingThe "Bad Apples" Banks
The draining of public resources through “bad apples” banks is Bulgaria’s "cancer"
#WHO Is Gone, But Left Minimum 280 million in Debt
Two years passed since the collapse of Corporate Commercial Bank (CCB), preceded by a conflict between its majority shareholder, banker Tsvetan Vasilev, and lawmaker-investigator-former chief of the National Security Agency …
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At the end of 2015, Bivol made estimates for contracts won by companies close to Peevski (see here). This was made possible thanks to the open data of the Public …
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Could a bank deny access to the accounts of a company of which you are the legal owner? Can a bank employee refuse even a printout with information about your …
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BuddhaInvestigationsLeadingPeevskiThe "Bad Apples" Banks
Destitute Cypriot National Will Build Bulgarian Highway for Millions; He Acquired the Business from Georgios
Have you heard of the Cypriot citizen Niki Tenekedzi? You have not and you would have never heard of him if his offshore “Kolvik Services” had not won a public …
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InvestigationsLeadingThe "Bad Apples" Banks
Owner of Two Emblematic Bulgarian Companies Proved Destitute
Who is behind the offshore companies, owners of ski facilities in the mountains Vitosha and Pirin? Bivol visited a suburb in Nicosia where their nominal owner Georgios Georgiou lives in …
