Bulgaria's tenth-largest lender, Cibank, announced plans to raise its capital by 13.9% to BGN 79.4mn (EUR 40.6mn), the bank said through the stock exchange. The bank will issue 965,365 shares with a face value of BGN 10 and an issue price of BGN 81.04. The Belgian financial group KBC owns 81.68% of Cibank. The lender's net profit plummeted by nearly 90% y/y to BGN 973,000 in Q1. |
|
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more