Peter Andronov has been CIBANK’s CEO since March 2008. Since October 2007 he has been a representative of the Association of Banks in Bulgaria in the Bank Supervision Committee under the European Banking Federation. From 2002 to May 2007 he was the head of Bank Supervision Department at the Bulgarian National Bank.

The crisis might force banks to reconsider their policy. Credit institutions in Bulgaria gradually specialize and abandon the old-fashioned concept of one bank providing all services. They offer a comprehensive bundle but through its subsidiaries.