Bulgaria's Greek-owned banks are not draining liquidity, and are actually doing very well, Bulgarian Finance Minister Simeon Djankov has declared in Parliament.
"The Greek banks in Bulgaria are well-capitalized, and have good liquidity. They are profitable for 2010 and the first half of 2011 and are apparently capable of reacting to changes in the environment," Djankov stated answering a question by MPs Pavel Shopov and Lyubomir Vladimirov about Western media reports for the effect of Greece's sovereign debt crisis on Bulgaria's banking system and the wider region.
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