March 29 (SeeNews) - Bosnia and Herzegovina's Union Banka [SAJ:UNIB] said on Friday its shareholders have approved a plan to increase its capital by 30 million marka ($16.6 million/15.3 million euro) via a new share issue.
The bank intends to issue 1,500,000 ordinary shares, each with a par value of 20 marka, in a closed offering, it said in a statement with the Sarajevo Stock Exchange (SASE).
Union Banka's issued share capital is divided into 4,954,921 shares of 20 marka in par value each, according to the latest SASE data.
The bank increased its capital by 30 million marka via a share issue in a closed offering in late 2022.
Union Banka is 97%-owned by the finance ministry of the Federation, bourse data showed. The lender's shares last traded on October 12, closing flat at 10 marka.
The Federation is one of two autonomous entities that form Bosnia and Herzegovina. The other one is the Serb Republic.
(1 euro = 1.956 marka)