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N. Macedonia's Capital Bank completes cap hike

N. Macedonia's Capital Bank completes cap hike Gena96/

SKOPJE (N. Macedonia), January 13 (SeeNews) - North Macedonia's Capital Bank raised its capital through the issue of 11,254 new shares in a private placement, the country's Central Securities Depository said.

The newly issued shares were registered by the Central Securities Depository on January 12, the regulatory body said in a notice.

Following the share issue, Capital Bank has a registered equity capital of 7.1 million euro ($8.1 million), divided into 39,996 ordinary shares with a par value of 177.71 euro each, according to the notice.

North Macedonia's Securities and Exchange Commission (SEC) in November approved Capital Bank's plans to raise 123.4 million denars through a new share issue placed with its majority owner, Bulgaria-based investment group Alfa Finance Holding.

Capital Bank is 98.43%-owned by Alfa Finance Holding. Local wool producer Todor Dzipovski Merdzan Teteks owns 1.09% and Skopje-based lender TTK Banka holds a 0.48% stake, according to data published on the lender's website.

($ = 0.8723 euro)