BANJA LUKA (Bosnia and Herzegovina), November 8 (SeeNews) – Bosnia's Bobar Banka [BANJ:BBRB-R-A] said on Friday it plans to increase its share capital by 18.05 million marka ($12.3 million/9.2 million euro) to 48.6 million marka in a bid to strengthen its market position and improve risk management.
The total number of Bobar Banka’s shares, with a nominal value of 2,000 marka each, will be increased to 22,574 from 15,274, the lender said in filing with the Banja Luka Stock Exchange.
The shareholders voted on the capital hike proposal on November 6.
Bobar Banka (www.bobarbanka.com) is based in Bijeljina, in the Serb Republic, which forms Bosnia and Herzegovina together with the Muslim-Croat Federation.
(1 euro=1.95583 Bosnian marka)