I got involved in politics because the situation in Bulgaria has become intolerable due to corrupt practices, there is no future for children, there is no rule of law. This was said in the program “120 minutes” on BTV by Lyubomir Karimanski from “There is such a people”, who is a member of the 45th National Assembly and a financial expert.
There are five main pillars in our program in the “economy and finance” sector. Everyone can get acquainted with our program on the party’s website, and during the election campaign it will be explained in more detail, he said.
It is not clear why the Bulgarian Development Bank (BDB) gives such large loans to eight companies and why they do not seek these loans from commercial banks. It is very important to compare the average interest rate for the period in commercial banks and in BDB – this percentage will be much lower in BDB. In BDB, the Board of Directors has never sought the efficiency of the bank. Large exposures should be kept under watch by the bank’s supervisory board. The supervisory board could have required the bank’s audit committee to check everything, Karimanski said.
I have information that in some of the transactions in BDB there was a conflict of interest. For example, a person from the bank’s management has granted a loan to a subsidiary of the bank. In 2016, the Chairman of the Management Board of the bank voted to grant this loan to a company of which he is an executive director. The loan is not as big as the eight, but this practice shows that other violations have most likely been committed in the bank, said Lubomir Karimanski.
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