Bulgaria's Fibank repays state support of 1.2 bln levs

First Investment Bank AD

26/05/2016 15:26

SOFIA, May 26 (Reuters) - Bulgaria's third largest lender, 
First Investment Bank  4F4.BB , has repaid in full the 1.2 
billion levs ($688.03 million) of liquidity support provided by 
the government after a run on the bank two years ago, the 
finance ministry said on Thursday. 
    The bank came under pressure in June 2014, days after the 
central bank took control of Corporate Commercial Bank, which 
later collapsed, triggering the biggest banking crisis in the 
Balkan country since the 1990s. 
    In an attempt to restore trust in the banking system the 
central bank has strengthened supervision rules and launched 
asset quality reviews and stress tests. Results from these 
health-checks will be published on August 13.      
 
($1 = 1.7441 leva)  
 
 (Reporting by Tsvetelia Tsolova; Editing by Alexandra Hudson) 
 ((tsvetelia.tsolova@thomsonreuters.com; +359-2-93-99-731;)) 
 
Keywords: BULGARIA FIBANK/SUPPORT