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Bosnia's Nasa Banka fails to increase capital

Bosnia's Nasa Banka fails to increase capital Bosnian marka Source: www.vladars.net

SARAJEVO (Bosnia and Herzegovina), August 1 (SeeNews) - Bosnia and Herzegovina’s Nasa Banka [BANJ:PIBB] said that its capital increase procedure has failed as no investor subscribed for its issue of new share.

Nasa Banka offered to investors 4,225,000 ordinary shares of 1 marka in par value each, with subscription open from June 14 to July 27, the bank said in a bourse filing on Friday.

The lender sought to raise 4.225 million marka ($2.2 million/2.16 million euro) in the capital increase process.

In January, Nasa Banka increased its capital by 2 million marka, to 25.8 million marka, by issuing 2 million new ordinary shares of 1 marka in par value each.

The bank's shares have not traded on the Banja Luka Stock Exchange (BLSE) in the past year.

(1 euro = 1.95583 marka)

 
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