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Bosnia’s Mikrofin to hike capital

Bosnia’s Mikrofin to hike capital Bosnian marka Source: www.vladars.net

SARAJEVO (Bosnia and Herzegovina), June 20 (SeeNews) - Bosnia and Herzegovina's non-deposit microfinance institution Mikrofin said on Monday it will increase its capital by issuing 1 million marka ($538,000/511,000 euro) worth of new shares.

The company intends to issue 10,000 ordinary shares of 100 marka in par value each, it said in a bourse filing.

The shareholders approved the capital hike plan at a meeting on June 1, Mikrofin said.

The company's existing capital of 6 million marka is divided into 60,000 shares of 100 marka in par value each.

Banja Luka-based Mikrofin is the largest non-deposit microfinance institution in Bosnia. It is owned by the citizens' association Mikrofin.

(1 euro = 1.95583 marka)

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