Capital increase totaling EUR 10 m at Halk bank officially registry

The bank emitted 60.000 preferential shares of nominal value totaling RSD 10.000 while emission price per share totaled RSD 20.000. Although all existing shareholders had the right of priority purchase, the only buyer in this shares emission was Turkish Halk bank which purchased 100% shares for RSD 1,2 billion (app. EUR 10 m).

Halk bank this year took over Cacanska banka, acquiring share of 76,8% shares for EUR 10 m. Halk bank is a smaller domestic bank and in June this year it had app. 1% of the market.