US Embassy in Sofia Closes Its FIBANK Accounts
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 tr…
Tag: Bulgarian National Bank
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, mo…
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 rec…
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 repo…
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. “T…
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 nomina…
French TV Investigation Implicates Bulgarian TBI Bank in Fraudulent Scheme
The popular in France investigative journalism TV show Capital on M6 TV exposed through witnesses’ accounts a “sting” scheme of which thousands of Fren…
Bulgarian Central Bank Broke Its Silence after 3 Years of Correspondence about Banks ‘Bad Apples’
The new Governor of the Bulgarian central bank (Bulgarian National Bank, BNB) Dimitar Radev responded to the numerous letters, alerts and official inqu…
Bivol Asks New BNB Governor Dimitar Radev about FIB Draining and other “Bad Apples”
As Bulgarians say: New BNB Governor - new luck. Despite the premonition that nothing will change due to the fact that the old team was kept intact, Biv…
Right of Reply: Investbank Is Not “Bad Apple”
We publish a letter sent to our editorial office by Investbank as a right of reply, after Bivol’s publication of a letter from the European Commission …
