02.12.2022 Supervisory Board starts review of large exposures of the BDB

A meeting of the Supervisory Board of the Bulgarian Development Bank has been convened, at which a resolution will be proposed to assign a review of all actions taken to collect the Bank's receivables under large provisioned exposures. This was announced by Chairman of the National Assembly Rosen Karadimov in the studio of bTV. The goal is to get a clear picture of how the loans have been managed and the Board's actions to collect them.

"A detailed analysis of the steps taken with regard to the collaterals will be requested, including the realization of the pledged assets, open bankruptcy proceedings and other actions by the creditor bank," Karadimov explained.

"I joined the Supervisory Board with a promise that the BDB will be as open as possible to all," he said and recalled the priorities set in the Bulgarian Development Bank Act, among which are overcoming regional imbalances and implementing public policies.

Public Advisory Councils will be established under the Bank's Board of Directors to help increase the transparency of the institution as a guarantor of its good governance.