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N. Macedonia's Ohridska Banka plans capital increase

Author Mario Tanev
N. Macedonia's Ohridska Banka plans capital increase Author: The European Bank for Reconstruction and Development (EBRD) / All rights reserved.

SKOPJE (North Macedonia), February 18 (SeeNews) - North Macedonia-based lender Ohridska Banka [MSE:OHB] said that it is planning to increase its capital by 615 million denars ($10.8 million/10 million euro) in order to improve its capital position.

All offered 232,076 shares will be subscribed for at a price of 2,650 denars apiece by the lender's majority owner - Austria's Steiermarkische Bank und Sparkassen, Ohridska Banka said in a bourse filing on Monday.

Ohridska Banka shareholders will vote on the proposal at a general meeting scheduled for March 17.

Ohridska Banka shares closed at a price of 5,046 denars on the stock exchange in Skopje on Tuesday.

Last year, Steiermarkische Bank und Sparkassen acquired a 91.5733% stake in Ohridska Banka in a buyout bid, including the 74.53% stake previously held by French lender Societe Generale. The buyout offer was priced at 6,298.79 denars per share.

(1 euro = 61.43 denars)