Financial and business news from Bulgaria

BNB: Minister Petkov asked for a rock in BDB before taking over, then withdrew them

At present, there is no new request for approval in the central bank
On 11 May 2021 — the day before the date of appointment of the caretaker government of the Republic of Bulgaria according to the decree of the President — requests from Mr. Kiril Petkov for prior approval for members of the Supervisory Board of BDB under Ordinance No 20 of the BNB for issuing approvals for members of the Management Board (Board of Directors) and the supervisory board of a credit institution and requirements in relation to the performance of their functions (the Ordinance) and by Mr. Stamen Yanev, Chairman of the Supervisory Board of BDB, for prior approval for members of the Management Board of BDB under The ordinance.

This was announced by BNB on the occasion of the rockings in the Bulgarian Development Bank. The same requests were withdrawn respectively by Minister Kiril Petkov and Mr. Stamen Yanev, Chairman of the Supervisory Board of BDB, on 21 May 2021.

At present there is no new request for approval for members of the supervisory board or management board of BDB.

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