NLB Montenegrobanka hikes share capital by 33%.

By bne IntelliNews July 7, 2010
Commercial bank NLB Montenegrobanka increased its share capital by 33.3% to EUR 10.9mn, Montenegroberza informed. The lender issued some 490,848 new shares with a face value of EUR 5.56 each. The statement fails to elaborate whether the ownership structure has changed following the latest issue. NLB Montenegrobanka is the fourth-largest commercial bank in the country in terms of assets. The lender saw a 38.8% y/y contraction of its net profit to EUR 1.4mn in 2009. It is majority-controlled by Slovenian lender NLB.

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