March 9 (SeeNews) - Bulgaria's Texim Bank [BUL:TXIM] said that the ownership interests of two of its shareholders, local companies Invest Capital and Etrade, have decreased below the 5% regulatory threshold as a result of a recent capital increase via conversion of bonds into equity.
Texim Bank's capital has been increased to 30 million levs ($16.2 million/15.3 million euro) from some 28 million levs following the conversion of bonds into shares, the bank said in a stock exchange filing on Tuesday.
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The change in the lender's statute, as a result of the planned capital increase, was approved by the Bulgarian National Bank in late January, Texim Bank said in a recent financial statement.
Last month, the bank reported a consolidated net profit of 315,000 levs in 2022 compared to 325,000 levs a year earlier. Texim Bank's net interest income inched up to 11.8 million levs last year from 11.7 million levs in 2021, while its net fee and commission income rose 7.8% on the year to nearly 5.5 million levs.
Texim Bank ranked 17th largest among 25 banks doing business in Bulgaria as of end-January, according to central bank data.
Shares in Texim Bank closed flat at 3.40 levs on the Bulgarian Stock Exchange on Wednesday.
(1 euro = 1.95583 levs)