Invest Bank increased its capital by 10 million

General meeting of shareholders of Invest Bank SA held in Thursday, August 27th, has decided to increase the bank’s capital by 10 million, said the financial company.
The share capital will be increased by cash contributions from the major shareholders of the bank, it does not communicate the issue price of new shares. At present, the main capital of Invest SA is 70 million
In early 2008 Invest plans to carry out an initial public offering (IPO) as it is issued 10 million shares with an issue price specified in the price range from 5,90 lv (minimum issue price) to 7,20 BGN (maximum issue price). Bank was the prospectus of the FSC. IPO-but it was never implemented.
Invest Commercial Bank Plc is a subsidiary of the holding structure of Festa Holding AD, which is a major shareholder holding 70.10% of the bank’s capital.
About half of this year Invest announced a net profit amounting to 5,3 million in profit of 7,3 million a year earlier. Impairment of loans and receivables, including finance leases for the period amounted to 2.131 million
Invest the assets of the AD to the end of June were worth 1.149 billion

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Finance