August 29, 2014 / 8:39 AM / 4 years ago

Bulgaria may let Corpbank depositors get partial access to accounts

A depositor at Bulgaria's Corporate Commercial Bank (Corpbank) holds a sign during a demonstration demanding access to their accounts in Corpbank, in front of the Bulgarian National Bank in Sofia August 19, 2014. REUTERS/Pierre Marsaut

SOFIA (Reuters) - Depositors at Bulgaria’s Corporate Commercial Bank (Corpbank) 6C9.BB may get partial access to their funds at the troubled bank in September, Interim Finance Minister Rumen Porozhanov said on Friday.

“We debated issues of partial access to deposits as of next month,” Porozhanov told the local channel bTV after meeting with European Commission’s delegation in Sofia.

Bulgaria’s fourth-largest lender was hit by a run on deposits in June that led to Bulgaria’s biggest banking crisis since the 1990s.

Corpbank was placed under the control of the central bank and has since remained shut pending an audit of its books, due to be completed by October. That left angry customers without access to their deposits.

Reporting by Angel Krasimirov; Editing by Larry King

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