The National Bank of Bulgaria’s Governing Council adopted an ordinance amending the framework for determining the individual annual contributions that branches of third-country credit institutions pay into the Bank Restructuring Fund. The amendments to Ordinance No. 41 of 25 February 2021 assign to the deputy governor responsible for the “Banking” directorate the tasks of preparing the proposal to the Governing Council on the amount of each branch’s annual contribution and notifying the relevant branches of the amounts set.
National Bank of Bulgaria 2025-02-07
National Bank of Bulgaria amends rules on annual Bank Restructuring Fund contributions for third-country bank branches
The National Bank of Bulgaria's Governing Council amended Ordinance No. 41, altering the framework for calculating annual contributions from third-country credit institution branches to the Bank Restructuring Fund. The deputy governor responsible for the "Banking" directorate will now prepare proposals on contribution amounts and notify branches accordingly.