Corporate Commercial Bank AD (Bulgarian: „Корпоративна търговска банка“ АД), commonly called Corpbank, was a Bulgarian bank. Corpbank was a universal bank, serving both as a traditional commercial bank, as well as an investment bank.
According to official data from the Bulgarian National Bank (Bulgaria's central bank)[1] at the end of November 2013, Corpbank was the fourth largest bank in Bulgaria in terms of assets, third in terms of net profit, and first in terms of deposit growth. Following a bank run in June 2014, which many believe was artificially induced, the bank requested special supervision by the Bulgarian National Bank.[2] Its license was subsequently withdrawn by the Bulgarian National Bank in November 2014. However, in 2022, the European Court of Human Rights held the license was revoked in violation of the right to a fair trial and the right to property.[3] The second largest shareholder in the bank litigated before the International Centre for Settlement of Investment Disputes.[4][5] The chairman of the bank's supervisory board and majority shareholder, Tsvetan Vasilev, was granted political asylum in Serbia.[6]
^"Distribution of Banks by Group as at November 30th", BNB's official website
^"Вера Ахундова: Загубите за държавата от фалита на КТБ може да надхвърлят 10 млрд. лв". glasove.bg. 16 June 2016. Retrieved 30 November 2017.
^ Case of Korporativna targovksa banka v Bulgaria, Applications nos. 46564/15 and 68140/16, 30 August 2022, https://hudoc.echr.coe.int/fre#{%22itemid%22:[%22001-218922%22]}
^"Цветан Василев съди България в Страсбург". dariknews.bg. 6 April 2016. Retrieved 30 November 2017.
^"State General Reserve Fund of the Sultanate of Oman v. Republic of Bulgaria (ICSID Case No. ARB/15/43)". World Bank. 22 October 2016. Retrieved 30 November 2017.
^https://www.dnevnik.bg/bulgaria/2022/05/28/4351300_cvetan_vasilev_poluchi_politichesko_ubejishte_v/, Tzvetan Vassilev received political asylum in Serbia, the court conclusively denied extradition, Dnevnik, 28 May 2022
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