March 31 (SeeNews) - Lender Eurobank Bulgaria, which operates under the brand name Postbank, said that it is planning to include its net profit in 2019, of 213.7 million levs ($119.7 million/109.3 million euro), into its common equity tier 1 (CET1) capital.
Eurobank Bulgaria will also include some 10.2 million levs of other undistributed profit into its CET1 capital, which will amount to 608.6 million levs following the increase, the bank said on Monday in an invitation for a shareholders meeting.
The bank's shareholders will vote on the proposal at a meeting scheduled for April 30.
Eurobank Bulgaria was the country's fourth largest lender by assets at the end of January, according to central bank data.
(1 euro = 1.95583 levs)
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