Bosnia's ProCredit bank plans capital hike

The new shares will be issued in a closed sale, the bank said in a filing with the Sarajevo bourse on Thursday, without giving any further details.

The capital hike proposal will be put to vote at a November 22 extraordinary shareholders meeting, the statement said.

ProCredit Holding controls 100% of the Bosnian bank.

According to the latest financial statement posted on the website of the Sarajevo-based bank, it turned to a net profit of 49,000 marka ($28,000/25,000 euro) last year from a net loss of 4.1 million marka in 2017.

Its share capital rose to 71 million marka at end-2018 from 67 million marka a year earlier. The bank's total assets rose to almost 500 million marka at the end of last year from 445 million marka at the end of 2017.

(1 euro = 1.95583 marka)