Bulgarian governor offers to step down

ivan-iskrov
Ivan Iskrov

Bulgarian National Bank (BNB) governor Ivan Iskrov offered his resignation to parliament yesterday, on the condition that it commits to electing a successor within the next fortnight.

Iskrov has endured a difficult couple of months. Corporate Commercial Bank (CCB), the fourth largest bank in the country, was placed in conservatorship following a damaging run on its deposits.

The deputy governor responsible for banking supervision, Tsvetan Gounev, has taken a leave of absence pending the outcome

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