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N. Macedonia's Halk Osiguruvanje completes 3 mln euro cap hike

N. Macedonia's Halk Osiguruvanje completes 3 mln euro cap hike Halkbank AD Skopje/All rights reserved.

SKOPJE (N. Macedonia), October 22 (SeeNews) - North Macedonian non-life insurer Halk Osiguruvanje, owned by Halk Banka, the local arm of Turkish state-owned lender Halk Bankasi [IST:HALKB], said it has raised 3 million euro ($3.5 million) in a capital increase via a new share issue.

The insurer issued 300,000 new ordinary shares, it said in a bourse filing on Thursday.

Following the transaction, Halk Osiguruvanje's share capital totals 15.5 million euro, split into 1.55 million shares.

The newly issued shares were reserved for Halk Banka, the country's Securities and Exchange Commission (SEC) said in late September when approving the capital hike plan.

The insurance company was established in 2007. It has been fully owned by Halk Banka since January, 2019.

($ = 0.8595 euro)

Halkbank AD is among the biggest banks in SEE, for more reference take a look at Top 100 banks
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