Financial and business news from Bulgaria

By 125 million euros the proceeds on the account of the CCB increased

After many years of litigation held in Bulgaria and Great Britain, on 7 May 2020 on the account of Corporate Commercial Bank AD (bankrupt) — CCB Plc (n), received almost 125 million euros - the amount of which in 2012. KTB Plc financed the acquisition of a control package of shares from the capital of BTC. This was announced by the press center of KTB.
The positive outcome is a huge success both for the unions of CCB AD (n) and for the thousands of depositors of the bank, because with the received almost 125 million euros substantially increase the money collected in the bankruptcy mass of CCB AD (n) and accordingly will increase the amount that will be distributed among all creditors with accepted claims to CCB AD (n).

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