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Bosnia’s Nasa Banka to try again to increase capital

Bosnia’s Nasa Banka to try again to increase capital Ministry of Economy/All rights reserved.

SARAJEVO (Bosnia and Herzegovina), August 5 (SeeNews) - Bosnia and Herzegovina’s Nasa Banka [BANJ:PIBB] said on Friday it plans to offer to investors a new share issue amounting to 4.225 million marka ($2.2 million/2.16 million euro) after an attempt to increase its equity capital failed earlier this year.

The bank intends to issue 4,225,000 ordinary shares of 1 marka in par value each in the offering, it said in a bourse filing.

Nasa Banka's shareholders will vote on the proposed capital increase at a meeting scheduled for August 22.

Last week, Nasa Banka said that a procedure to raise its capital by 4.225 million marka has failed as no investor subscribed for its issue of new shares.

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 = 1.99583 marka)

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