January 13 (SeeNews) - North Macedonia-based Silk Road Bank raised its capital by 61.7 million denars ($1.1 million/1 million euro) through the issue of 1,709 ordinary shares, at a price of 36,111 denars apiece in a private placement, the country's Central Securities Depository said.
Following the new share issue, Silk Road Bank has a registered equity capital of 433.9 million denars divided into 12,014 shares with a par value of 36,111 denars each, the regulatory body said in a notice on Thursday.
The newly issued shares were registered by the Central Securities Depository on January 12, according to the notice.
Silk Road Bank was established in 1993 under the name Credit Bank. The lender was acquired by Greece's Alpha Bank in 2000, and renamed to Alpha Bank Skopje. In 2016, Swiss investor Silk Road Capital acquired the lender from Greece's Alpha Bank, and renamed it to Silk Road Bank.
(1 euro = 61.54 denars)