Bulgaria’s FIBank on June 15 denied claims by opposition Democratic Bulgaria and investigative news outlet Bivol.bg about links between one of its shareholders – Tseko Minev – and the company Yulen that holds the concession for territory in Pirin mountain.
Earlier in June, Democratic Bulgaria’s representatives said that the bank could go bankrupt soon and claimed that Minev is the actual owner of Yulen. The formal owner is the unemployed person Georgius Georgiu from Cyprus.
"To begin with Fibank does not have any exposures (including loans) towards the concession holder of the ski facilities in Bansko – the joint-stock company Yulen AD," the bank said in an emailed statement to bne IntelliNews.
“Fibank conducts due diligence, including due diligence for compliance with all legal requirements, for all its loans, as well as thorough know-your-customer inquiries. The due diligence that Fibank has been implementing in strict compliance with the applicable laws has not resulted in Mr. Minev being identified as the beneficial owner of Yulen,” the statement continued.
The bank also said in the statement that it is subject to supervision by several Bulgarian and European institutions, including the Bulgarian National Bank.
Goldman Sachs has acquired 4.1% of Kazakhstan’s recently launched Astana International Exchange (AIX), according to Forbes. Investment banking and financial services company Goldman Sachs also ... more
French banking group Societe Generale has sold its Polish business Euro Bank to Portuguese-owned Bank Millennium for PLN1.8bn (€425.2mn), the two banks announced on November 5. The deal is in ... more
The proposed European Union special purpose vehicle (SPV) to facilitate ... more