/ world today news/ There is no danger for people’s money in Corporate Commercial Bank. This was stated by the chairman of the Association of Commercial Banks in Bulgaria, Levon Hampartzumyan, in the program “This Morning” on BTV. KTB closed its doors of its own accord due to a liquidity crisis, the banker also said, quoted by novini.bg.
In the last week, the bank was under quite a lot of pressure and could not withstand this pressure. People panicked, but it should be known that this is an isolated case. This bank had a period of very rapid growth – from a medium-sized bank to the fourth largest by assets in the country. But this is the risk of growth, Hampartzumyan also shared.
It should be known that people’s deposits up to 100 thousand euros are guaranteed throughout the EU. It is now clear that the bank will open and then people will decide whether to stay in the bank or withdraw their money. As for people’s blocked accounts at KTB, Hampartzumyan said that this is a “temporary inconvenience that people will have to deal with.”
We know the bank has a liquidity problem. We will have more information about the state of the institution in the next 10 days, when the auditors have to write their reports, the banker added. “The power of the state and the BNB is greater than the biggest hole there,” he also believes.
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