Macedonian financial regulator oks Alpha Bank capital hike

Alpha Bank will issue in private placement 2,562 new ordinary shares, the Macedonian Securities and Exchange Commission said in a statement.

The new shares will be offered to the bank’s sole shareholder, Greece’s Alpha Bank, the regulator said without providing other details.

The capital of the Skopje-based bank is divided into 7,743 ordinary shares with a par value of 120,000 denars each, according to end-June data.

(1 euro = 61.6038 Macedonian denars)