/View.info/ The supervisory authority recommends that the BNB completely remove the restrictions on access to deposits or immediately activate the mechanism for paying out the amounts due.
Against the background of what is happening with the Corporate Commercial Bank (CTB), the European Banking Supervision believes that the Bulgarian National Bank (BNB) and the Deposit Guarantee Fund are violating European laws. He called for the payment of the deposits in KTB.
According to the announcement, the European Banking Supervision has asked the BNB to guarantee depositors in KTB and TB “Victoria” access to their deposits. The banking authority started an investigation into a possible violation of European regulations by the competent authorities in Bulgaria on September 25.
According to the EU’s Deposit Guarantee Scheme Directive, deposit holders must be compensated no later than 25 working days after access to their deposits is terminated.
The supervisory authority recommends that the BNB completely remove restrictions on access to deposits or immediately activate the mechanism for payment of due and verified requests from the deposit guarantee fund. /TV7
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