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Oct 30, 2007 17:38 EEST
SKOPJE (Macedonia), October 30 (SeeNews) – Macedonian commercial bank NLB Tutunska Banka said on Tuesday it has raised 12 million euro ($17.3 million) in a capital hike designed to support its development on the local market.
NLB Tutunska has issued 91,755 new shares with a face value of 1,000 denars and an issue price of 8,000 denars, the bank said in a statement.
The increase has brought the bank's nominal share capital to 785.6 million denars (12.8 million euro). The total assets of the bank have increased by 35% from December 2006, reaching 648.6 million euro, the bank said.
At the end of June, NLB Tutunska was the second biggest second in terms of assets among the big banks in Macedonia. The country's central bank ranks as big those commercial banks that have assets of more than 15 billion denars ($352.1 million/244.4 million euro). Three out of the 18 banks operating in Macedonia are ranked as big.
($ = 0.6942 euro)
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