Watch the full recording of the meeting of the Minister of Economy Kiril Petkov from the chairman of the Supervisory Board of the Bulgarian Development Bank Stamen Yanev.
The meeting came after it became known these days that the bank, contrary to its goals and statutes, has distributed loans totaling nearly BGN 1 billion to only eight companies, instead of financing small and medium-sized businesses as a priority.
During the meeting Kiril Petkov announced that today he will dismiss the other two members of the bank’s supervision – Mitko Simeonov and Velina Burska and will propose that they be replaced by Vasil Shtonov and Valentin Mihov. Petkov wants the Development Bank to launch a new program for financing small and medium-sized businesses soon.
Only a day ago, Kiril Petkov completely changed the composition of the audit committee of the Bulgarian Development Bank, which monitors the financial reporting processes in the bank, internal control systems and risk management systems and makes recommendations on the independent audit of the institution.
Who is Kiril Petkov – here.
–
