Tuesday, November 30, 2010

Bosnia: MF Banka raises capital by 30%

The Banja Luka bourse said on Friday that Bosnia's MF Banka has raised its capital by 6.0m marka ($4.1m/3.1m euro) to 26 million marka through a new share issue. The bourse said in a statement on its website the bank's capital was raised through the placement of 60,000 new shares with a par value of 100 marka each and the increased capital is now divided into 260,000 shares of the same par value.

No further details were immediately available.In July, Bosnian microfinance institution Mikrofin bought local Russian-owned bank IEFK Banka. It renamed it to MF Banka in August.

News source: Balkan.com link: article

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