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The Bulgarian Development Bank and the Association "Transparency without Borders" signed a memorandum of cooperation in the field of anti-corruption and the introduction of additional management rules and good practices in the banking group.

The document was signed by the chairman of the BBR Board of Directors and executive director Iliya Karanikolov and Kalin Slavov, executive director of the association.

The initiation and implementation of methods and programs to combat corruption is the main priority of the Association "Transparency without Borders", which is part of the international organization Transparency International.

The association's experts will analyze what has been achieved so far in the banking group, getting to know the internal rules and procedures in detail. 

The business is included in the Advisory Council to the BBR

From the end of 2021 until now, the BDB has been actively working to ensure good governance in its organization.

The Bank and its subsidiaries follow a policy of zero tolerance for illegal or unethical business conduct.

The institution has drawn up a "road map" with 24 key areas of action and has introduced a system of effective anti-corruption policies and procedures. 

From 2022, the channels for reporting irregularities are also prepared.

On the official website of the BBR, the so-called

whistleblowing button, and reports are forwarded to an independent law firm for review. 

The cooperation will make it possible to implement the principles of business integrity in the banking group, as well as to increase accountability and transparency in the use of public resources, reports the BBR press center.

Association Transparency without borders

BBR

memorandum