Bulgaria's third largest lender must raise capital after tests

August 13, 2016 11:19 AM

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SOFIA Aug 13 Bulgaria's central bank has told the country's third largest lender First Investment Bank (Fibank) to raise about 206 million levs ($117 million) in additional capital by April, following a health check on the Balkan country's banks.

The central bank said on Thursday that the asset quality review (AQR) and stress tests showed none of Bulgaria's 22 banks require state support and that the banking system as a whole is well capitalised and resilient to market shocks.

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