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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Oman fund working to rescue Bulgaria’s Corpbank-source

Posted on 21 July 2014

An Omani sovereign wealth fund and other shareholders in Bulgaria’s Corporate Commercial Bank are seeking to stabilise the troubled lender and hope a feasible plan will be put together within three months, a fund source told Reuters on Sunday.
Bulgarian Finance Minister Petar Chobanov spoke to the head of Oman’s State General Reserve Fund (SGRF) last week about the prospect of it helping out after a planned state bailout of the bank ran into opposition in Bulgaria’s parliament………………………………………..Full Article: Source


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