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Showing posts with label banking sector. Show all posts
Showing posts with label banking sector. Show all posts

Saturday, July 5, 2014

Bulgaria president denies banking crisis

Bulgaria president denies banking crisis


Bulgaria's president denied on Sunday its banks were on the verge of collapse as six people were arrested for "spreading false information" about the health of the country's financial institutions, AFP reports.

"There is not a crisis in the banking sector. There is a crisis of confidence and a criminal attack," President Rossen Plevneliev said after announcing a declaration of support from Bulgaria's main political parties for central bank governor Ivan Iskrov.

Six people were arrested over the weekend for "spreading false information", the National Security Agency said.