/ world today news/ The worst predictions for the Corporate Commercial Bank (KTB) have come true. This is what Tihomir Bezlov, a senior expert at the Center for the Study of Democracy, told Focus. At first there was talk of a hole of 2-3 billion BGN, but it turned out that it is in the worst shape.
From now on, several questions arise, first of all, what will be done with the guaranteed deposits, explained Bezlov. The problem is serious because we continue to be in political uncertainty, he said and added that another problem is whether the new government will agree to a different option than bankrupting the bank.
From what we learn, the chance that the bank will be sold and the large deposits of public enterprises will be saved is small, Bezlov explained. According to him, the future of KTB, according to the BNB’s report on the state of the bank, is that the bank will probably go bankrupt.
Another important issue is how the shortfall in the Deposit Guarantee Fund will be resolved. Even if the fund is completely emptied, BGN 1.6 billion is still needed. The problem is that it cannot be allowed to be completely empty. It remains to be seen how exactly the reaction will be and whether the other large banks will participate in a joint approach agreed with the BNB, said Tihomir Bezlov, writes “24 Chasa”.
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