Банкеръ Weekly



24 Hours daily announced that Petya Slavova, President of Neftinvestbank will leave this position on November 26 at the General Assembly of the credit institution. Mitko Subev was nominated as her successor. The bank would also announce its last year profit, amounting to BGL1.361MN, which would be provisioned. All these statements sound interesting, but they are not true.

Petya Slavova does not intend to withdraw at the General Assembly. Mitko Subev cannot take her position, as he has not graduated from a Legal or Economic University. According to the law this is a prerequisite for BNB to issue him a certificate as a member of the Neftinvestbank Management Board. The General Assembly will vote the 1999 Balance Sheet and Profit and Loss Account. Bank will report profit of BGL2.2MN.

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