July 15 (SeeNews) - North Macedonia's Securities and Exchange Commission (SEC) said it gave the green light to local lender Halk Banka, owned by Turkish state-owned lender Halk Bankasi [IST:HALKB], to increase its capital by 1.845 billion denars ($30 million/29.9 million euro).
The parent company Halk Bankasi will purchase the newly issued shares, the SEC said in a statement on Thursday.
Halk Banka is issuing the new shares to strengthen its capital and ensure optimal capital adequacy in the coming period, the SEC explained.
The lender's share capital currently totals 9.16 billion denars as its shares outstanding amount to 915,691 units of 10,000 denars in par value each.
Halk Banka was established in 1993.
(1 euro = 61.64 denars)