N. Macedonia's securities commission OKs ProCredit Bank cap hike plan

ProCredit Bank will issue 1,200,000 ordinary shares at a price of 5 euro apiece, equal to their par value, SEC said in a statement.

The newly issued shares will be purchased by the lender's sole owner - Germany-based ProCredit Holding.

Currently, ProCredit Bank's share capital totals 27.8 million euro, divided into 5,557,351 ordinary shares of 5 euro in par value each.

($ = 0.929 euro)