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Thread: Bulgarian Bank

  1. #1
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    Default Bulgarian Bank

    Just heard on the news today that AIB purchased a Bulgarian bank, the 18th largest in Bulgaria, for €214 million a couple of years ago.

    They have just sold it to a Bulgarian businesswoman, GF of the prime minister I’m told, for





    €100,000



    Now that’s some write-down !!

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    ffs I'm not even going to try and work out what a percentage loss that is .: doc
    Between two evils, I always pick the one I never tried before.
    People who think they know everything are a great annoyance to those of us who do .: doc

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    It gets better
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    Listen to the whole article next time - she picked up nearly E80m worth of bad debt as well; not so good a deal suddenly, eh?
    Though we are not now that strength which in old days moved earth and heaven; that which we are, we are; one equal temper of heroic hearts, made weak by time and fate, but strong in will to strive, to seek, to find, and not to yield.

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    Quote Originally Posted by BruceAlmighty View Post
    Listen to the whole article next time - she picked up nearly E80m worth of bad debt as well; not so good a deal suddenly, eh?
    She's the PM's girlfriend......govt put rescue package together.....all bailed out by IMF etc, etc.....

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