PODGORICA (Montenegro), November 25 (SeeNews) – The Montenegrin unit of French banking group Societe Generale said it has raised its capital by 69% to 24.73 million euro ($37.16 million).
Podgoricka Banka Societe Generale Group's capital is divided into 96,736 shares with a nominal value of 255.65 euro each, it said in a filing to the Montenegro Stock Exchange.
Prior to the capital increase, the bank’s nominal capital comprised 57,244 shares, the statement said. It provided no additional details.
The bank's shares were last traded on November 11, when their price fell by 1.47% to 202 euro.
Podgoricka Banka Societe Generale Group is one of the eleven banks operating in Montenegro at the end of September. It turned to a net loss of 3.4 million euro in January-September from a net profit of 176,000 euro a year ago.
($=0.6633 euro)