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The letter also accuses the central bank, which took control of Corpbank and shut down its operations after a bank run in June, of actions that were either or wilfully deceptive about the extent of Corpbank problems.Corpbank closure sparked the eastern European state worst financial crisis since the 1990s and, more than four months after its doors closed, the fate of Bulgaria fourth largest lender, known locally as is still in limbo.Corpbank main owner has been charged with embezzlement, furious depositors have not been able to access their accounts and an international audit into the lender pointed to major failings in how Corpbank was run.Tuesday letter underscored the potentially messy fallout if the central bank, also known as the Bulgarian National Bank (BNB), decides to strip Corpbank of its licence. The BNB is expected to announce a decision within days.put, the cost of bankrupting KTB will far outstrip even the highest assumptions as to the amount of state assistance required to rescue the bank and its depositors, the letter said.The letter also argued stripping Corpbank of its licence would force hundreds of businesses to close, result in thousands of job losses and tip the country into recession. Decision will haunt the Republic of Bulgaria for years to come, it said.The finance had received a letter, a spokeswoman said.
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