LJUBLJANA (Slovenia), July 31 (SeeNews) – Slovenia’s Abanka Vipa said on Wednesday that the country's central bank approved an extension until December 31 of the deadline for the payment of new cash contributions to its share capital.
The central bank also decided that Abanka should ensure an appropriate level of capital by December 31 in order to achieve a Tier 1 capital ratio of at least 9.5% and an overall capital adequacy ratio of at least 11.8% on a consolidated basis, Abanka Vipa said in a filing with the Ljubljana Stock Exchange.
In accordance with a central bank decree dated April 8, Abanka adopted a resolution to increase its capital by 90 million euro ($120 million) at a price of at least 1.0 euro per share, with the exclusion of the pre-emptive right of existing shareholders.
Several potential investors have already signed a confidentiality agreement and may submit a non-binding offer, Abanka Vipa said, adding that discussions are in progress with other investors who have shown interest.
Abanka also said it will continue with the planned review of the quality of assets, and with its active search for potential investors with the aim of strengthening its capital.
($=0.7534 euro)