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Bosnia's ASA Banka boosts stake in Privredna Banka

Bosnia's ASA Banka boosts stake in Privredna Banka Privredna Banka Sarajevo logo Photo source: Privredna Banka Sarajevo

SARAJEVO (Bosnia and Herzegovina), June 17 (SeeNews) - Bosnian lender ASA Banka [SAJ:IKBZ] said it has increased its shareholding interest in local Privredna Banka Sarajevo (PBS) [SAJ:BORBRK3] to 9.7617% after buying a 8.445% stake in the peer.

ASA Banka purchased 31,500 shares of PBS at a price of 110 marka ($59/56.2 euro) each on June 9, it said in a bourse filing on Thursday.

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According to data on the Sarajevo Stock Exchange (SASE) updated on June 10, local financial services company ASA Finance owns 10.9295% of PBS. ASA Finance and ASA Banka are both part of Bosnia-based ASA Group.

PBS shares last traded on the SASE on June 9, when they closed flat at 110 marka.

ASA Banka's shares closed 0.13% higher at 45.66 marka on the SASE on Thursday.

(1 euro = 1.95583 marka)

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