Bulgaria's President Rosen Plevneliev speaks during an interview with Reuters in Sofia August 5, 2014. REUTERS/Stoyan Nenov
SOFIA (Reuters) - Bulgarian authorities will take a decision on what to do with Corporate Commercial Bank (Corpbank) only after the results of an audit are known around mid-October, President Rosen Plevneliev said on Tuesday.
The fate of Bulgaria's fourth-largest lender has been in limbo as efforts to rescue the bank were scuttled by the outgoing parliament, dragging out the Balkan state's worst banking crisis since the 1990s. Authorities have estimated the cost of a possible state rescue at around 1.5-2.0 billion levs ($1.0-1.4 billion).
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
