March 31 (SeeNews) - Bulgarian real estate investment company D Properties said that it will decrease its registered capital by 1 million levs ($562,000/511,000 euro) to 10.4 million levs.
The capital decrease will be carried out to free up funds which the company does not currently need for its operations, D Properties said in a commercial register filing on Monday.
D Properties is a wholly-owned unit of local lender D Commerce Bank.
At the end of January, D Commerce Bank was Bulgaria's 16th largest lender by assets, according to central bank data.
(1 euro = 1.95583 levs)