Bulgaria PM says no grounds for concern over banking system

First Investment Bank AD

27/06/2014 09:38

SOFIA, June 27 (Reuters) - Bulgaria's central bank, in an 
unprecedented statement, warned on Friday of an attempt to 
destabilise the country through an organised attack on the 
banking system and it vowed to use all tools at its disposal to 
protect citizens' savings. 
    The bank urged all state institutions to work together to 
protect financial stability and to take legal action against all 
those spreading "untrue and ill-intentioned rumours" about the 
health of banks. 
    "In recent days there has been an attempt to destabilise the 
state through an organised attack against Bulgarian banks 
without any reason," the statement said, adding that First 
Investment Bank  5F4.BB  had been a major target. 
    Last week, customers unnerved by reports of shady deals 
involving Corporate Commercial Bank (Corpbank)  6C9.BB  rushed 
to withdraw their deposits, prompting the central bank to seize 
control of the lender and shut down its operations. 
          
 
 (Reporting by Angel Krasimirov, Tsvetelia Tsolova and Matthias 
Williams; Writing by Gareth Jones) 
 ((matthias.williams@thomsonreuters.com)(Reuters Messaging: 
matthias.williams.thomsonreuters.com@reuters.net)) 
 
Keywords: BULGARIA BANKS/