KPMG Audit on Bulgaria's DSK Bank DueK

18.03.2003 Source: Novinite.com

KPMG is expected to prepare its audit report on the annual financial results of DSK Bank by March 17. Should the deadline be met, the bidders will have three more days for conducting due diligence. The deadline for submitting final offers for DSK Bank will be in accordance with KPMG auditing report under International Accounting Standards for the financial results of the bank for 2002. At the end of January the Board of Directors of the Bank Consolidation Company decided to privatise 100 percent of the bank since the three bidders have offered better price per DSK share if they acquire the entire bank. The government's plan envisages the exclusive buyer for the bank to be selected by the end of April.