Get 40% Off
🎁 Free Gift Friday: Copy Legendary Investors' Portfolios in One ClickCopy for Free

Bulgaria starts investigation into attacks on banks

Published 27/06/2014, 13:49
Bulgaria starts investigation into attacks on banks

SOFIA (Reuters) - Bulgaria has started an investigation into attempts to destabilise the country's banking system, which include using the Internet and mobile phones to spread rumours about a bank, Interior Minister Tsvetlin Yovchev told reporters on Friday.

Bulgaria's central bank, in an unprecedented statement, warned earlier of a systematic attempt to destabilise the country through attacks on the banking system and it vowed to use all tools at its disposal to protect citizens' savings.

Shares in Bulgarian banks tumbled for a second consecutive day on Friday amid rumours of a possible run on another lender, one week after the central bank stepped in to rescue Corporate Commercial Bank (Corpbank) (BB:6C9), the country's fourth largest.

"There are attempts aiming to destabilise the banking system and there's an investigation in this direction since yesterday," Yovchev said.

"There was an attack through the Internet and through mobile phones, they have sent SMS and to disturb people randomly, as the aim was to spread the rumour to destabilise a certain bank," he said. "The state has the resources and the tools to respond to any malicious attack."

(Reporting by Angel Krasimirov; writing by Matthias Williams; Editing by Gareth Jones)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.