A complaint had been filed on November 27, 2018 with the United States District Court for the City of New York (Southern Division) by the companies Rudersdal, All Seas Property …
Bulgarian National Bank
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Complaint Filed in USA against Bulgarian Lawmaker, 2 Bankers for Theft of USD Millions from Failed Bank
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About a year and a half ago, one of the largest banks in Europe – UniCredit – unprecedentedly increased its capital to offset huge deficits due to piled up to …
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CommentsLeading
How the Central Bank Forges Stress Tests and Why Europe Does Not Want Bulgarian “Bad Apples” Banks in the Eurozone
Europe does not want Bulgaria even in the “waiting room” for the eurozone and not before the country’s banking system goes through “the purge” of the European Central Bank (ECB) …
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The accounts of the US Embassy in Sofia in FIBANK (also known as First Investment Bank, Fibank or FIB) are closed. The new service bank is DSK. This transpires from …
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CommentsFIBANKLeadingThe "Bad Apples" Banks
EC: Disclosure of Stress Test Documents Would Be Detrimental to Bulgaria
Disclosure of the assessment of the European Commission (EC) of the stress tests of Bulgarian banks would undermine the protection of the financial, monetary and economic policy of Bulgaria. This …
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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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FIBANKInvestigationsLeading
Part One:
Bulgarian Central Bank Is Concealing Reports on Tragic State of Private Lender
The State is an accomplice in the draining of capital. Half of all loans granted by First Investment Bank (FIB) are non-performing or total loss. “There is no bank in …
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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 …
