Oman SWF’s Costly Lessen in Investing in a Bulgarian Bank

Posted on 04/20/2019


The State General Reserve Fund, Oman’s sovereign wealth fund that was created to channel oil profits into other ventures, has withdrawn its €80 million lawsuit against Bulgaria. The suit centered on the collapse of Corporate Commercial Bank, known as Corpbank, of Bulgaria. Corpbank was a commercial and investment bank, and was rapidly growing deposits. In […]