11.09.2014 - Oman fund says working with Bulgaria to solve Corpbank problems
Oman's biggest sovereign wealth fund, the State General Reserve Fund (SGRF), is working with the Bulgarian government to try to resolve problems at Corporate Commercial Bank (Corpbank), the SGRF's chairman said on Wednesday. Corpbank, in which the SGRF is the second-biggest shareholder with a stake of about 30 percent, was hit by a run on deposits in June, prompting the Bulgarian central bank to seize control and shut down its operations, pending the outcome of an audit due to completed next month...............................................Full Article: Source
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