Last Friday, the BNB Governing Council announced that solving the problem of CCB goes through revoking of its license and insolvency proceedings.

On the other hand, the law guarantees securing of deposits up to 100,000 euros (some 135,250 U.S. dollars) each.

However, the two experts are adamant that the state should first seek solutions that enable CCB depositors and shareholders to protect their own rights.

One of the options, according Brankov, is conservators appointed by the BNB to allow capital increase and involvement of new shareholders.

"They can be, if not entirely, but at least some of the creditors, depositors of the bank, who have expressed such an interest," he said.

Another option is conservators, after full provision of complete and reliable information about the condition of the bank, to start a plan for rehabilitation where creditors or depositors of the bank should also have a decisive say.

Paramov also has the opinion that the state should allow the owners of CCB to increase its capital and continue operations.

He added that large investors will not necessarily be compensated immediately, but it should happen.

"Currently, we experience a knockdown in terms of trust, and I am very afraid that if we implement the letter of the current law, there will be verticalised influence to other banking institutions, and hence things will get worse," he said.