Bosnias Postbank BH seeks investor for EUR 6.6mn capital hike.

By bne IntelliNews August 24, 2012
The interim management at Bosnias troubled Postbank BH has published a public invitation, seeking an investor who would raise the lenders capital via subscribing a new share issue of at least BAM 13mn (EUR 6.6mn). This amount is necessary to lift the banks capital to the minimum required one by the domestic law, the public invitation said. The management is also inviting interested investors to become partners of Postbank BH via merging it into another bank. Under the terms of the transaction, Postbank BH would be able to merge with or into a lender, which is already present in Bosnia and has the financial and organisational capacity to execute the merger. A third option in the tender is the sale of Postbank BHs assets together with an acquisition of its liabilities. The starting price in the sale is equal to the book value of the bank as of June 30, 2012. Only lenders who are active in Bosnia are eligible to compete in the sale. Potential bidders could apply to participate in the tender within a 20-day period after the invitation was published on August 21. Postbank BH has been under an interim management procedure since October 2010 after its capital fell below the minimum required. The lenders total liabilities were BAM 45.6mn at end-June, when its capital stood at BAM 5.3mn and the total assets at BAM 51mn.
Notice: Undefined index: social in /var/www/html/application/views/scripts/index/article.phtml on line 259

Related Articles

EUs Sannino invites Bosnian leaders for conciliatory talks on March 22.

The European Commissions director general for enlargement Stefano Sannino has invited the leaders of Bosnias seven main political parties for consultations in Brussels on March 22 in an attempt ... more

Bosnias Serb Republic PPI, CPI inflation eases in Feb 2013.

Growth of consumer prices in Bosnias Serb Republic eased to 0.9% y/y in February from 1.5% y/y in January, as the annual decline of clothing and footwear prices widened, the entitys statistics ... more

Bosnias Federation fails to sell 67% of engineering company Hidrogradnja.

Bosnias Federation has failed to sell its 67% stake in engineering company Hidrogradnja due to lack of investor interest, the entitys privatisation agency said in a statement. The remaining 33% ... more