Bosnian NLB Razvojna Banka raises capital by 19.2% to EUR 31.7mn.

By bne IntelliNews June 22, 2011
Banja Luka-based lender NLB Razvojna Banka has raised its share capital by 19.2% or KM 10mn (EUR 5.1mn) to KM 62mn (EUR 31.7mn), the bank said in a filing to the Banja Luka Stock Exchange. The capital hike was conducted by the conversion of retained earnings and reserves into a share capital by issuing 10,000 new shares with a nominal value of KM 1,000 per unit. Slovenian Nova Lubljanska Banka controls 99.9% in the local lender.
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