Croatian bank HPB raises capital by 47.7%.

By bne IntelliNews January 11, 2011
State-controlled Croatian Postal Bank (HPB) has raised its capital by 47.7% to HRK 966.6mn (EUR 130.6mn), the bank said in a bourse filing. HPB issued 283,928 ordinary shares with a face value of HRK 1,100, each. After the increase, the banks capital is divided into 878,764 ordinary shares with a nominal value of HRK 1,100 each. HPB shareholders approved the increase in mid-December. We remind that the Croatian government decided last month to hike the banks capital by a cash injection of HRK 450mn acquiring a 29.08% stake in HPB.

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