SOFIA (Bulgaria), April 28 (SeeNews) – Bulgaria's Fibank [BUL:5F4] said on Friday it has hired Citigroup Global Markets as financial advisor in exploring strategic options of the bank.
These options might include strategic partnerships and/or consolidation, a capital increase via a new share issue, or attracting new key investors, Fibank said in a press release.
Each of those options would support the bank’s development strategy, which is focused on expansion in the SME and retail banking sectors, the bank added.
Shares of Fibank were traded 9.02% higher at 5.887 levs ($3.3/3 euro) as at 11:45 CET on Friday.
Fibank was Bulgaria's third largest lender by assets as of end-Ferbruary.
(1 euro=1.95583 levs)
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