With regard to numerous enquiries addressed to the Bulgarian Deposit Insurance Fund (BDIF) concerning the guarantee on deposit products of Corporate Commercial Bank AD (KTB) and depositors’ entitlement to receive their reimbursable sums, BDIF would like to confirm that the following deposit products with KTB:

–       ‘Preferential demand deposit’;

–       ‘Demand deposit ’Plus’;

–       ‘Term deposit 4×4’;

–       ‘Demand deposit ‘Eurolev’;

–       ‘Standard term deposit’ and

–       ‘Preferential deposit’ with deposit certificate (nominal)

are guaranteed by BDIF and do not fall out of scope of deposit guarantee. Though these deposits have been discontinued, they are still protected by BDIF, as well as are protected funds under other publicly announced deposit products of KTB, as their contracts were concluded under standard and publicly announced interest rates and terms.

BDIF would like to clarify that exclusion from guarantee under Art. 5, para 1 of the Law on Bank Deposit Guarantee refer to deposits with preferential interest rates, i.e. deposits with individually concluded more advantageous interest rates than those publicly offered and applied by the bank to all its customers.

More information depositors with KTB may receive at: +359 700 144 03 or at www.dif.bg.