BANJA LUKA (Bosnia and Herzegovina), January 16 (SeeNews) – Bosnia's Bobar Banka [BANJ:BBRB-R-A] said on Thursday it raised its capital by over 4.875 million marka ($3.4 million/2.5 million euro) via a new issue of preferred shares.
Bobar Banka offered investors 2,300 preferred shares at a price of 3,500 marka apiece, but only 1,393 shares were subscribed for by the deadline that expired on January 10, it said in a filing with the Banja Luka Stock Exchange.
The move was part of plans for a capital hike by a total 18.05 million marka. Last month the bank raised its capital by 10.0 million marka via a new issue of 5,000 ordinary shares.
In November, Bobar Banka said it would launch on December 9 a public offering for 5,000 ordinary shares and 2,300 preferred shares at a starting price of 2,000 marka and 3,500 marka each, respectively.
Bobar Banka (www.bobarbanka.com) is based in Bijeljina, in the Serb Republic.
The Serb Republic is one of the two autonomous entities that form Bosnia and Herzegovina. The other is the Muslim-Croat Federation.
(1 euro=1.95583 Bosnian marka)