Corporate Commercial Bank
Corporate Commercial Bank AD (), commonly called Corpbank, was a Bulgarian bank. Corpbank was a universal bank, serving both as a traditional commercial bank, as well as an investment bank. According to official data from the Bulgarian National Bank (Bulgaria's central bank) at the end of November 2013, Corpbank was the fourth largest bank in Bulgaria in terms of assets, third in terms of net profit, and first in terms of deposit growth. Following a bank run in June 2014, which many believe was artificially induced, the bank requested special supervision by the Bulgarian National Bank. Its license was subsequently withdrawn by the Bulgarian National Bank in November 2014. However, in 2022, the European Court of Human Rights held the license was revoked in violation of the right to a fair trial and the right to property. The second largest shareholder in the bank litigated before the International Centre for Settlement of Investment Disputes. The chairman of the bank's supervisory board and majority shareholder, Tsvetan Vasilev, was granted political asylum in Serbia. Background Since 2007, Corpbank had been a publicly traded company with a two-tier management system. The shares of the bank were traded on the Bulgarian Stock Exchange Bulgarian