CIB Bank gets Ft 17 bln capital raise

In Hungary

Intesa Holding International has decided to raise registered capital at its Hungarian unit, CIB Bank Rt, by Ft 17 billion to Ft 40.5 billion, CIB Bank announced on the website of the Budapest Stock Exchange yesterday. Registered capital will first be raised by Ft 11.25 billion through the issue of 11,250,000 new A-series shares with face value of Ft 1,000 a piece. These A-series shares will be subscribed by Intesa. Registered capital will be raised by a further Ft 5.75 billion with the issue of shares against net assets in excess of registered capital. These will be offered to employees free of charge.

ADVERTISEMENT

17% of homeowners plan renovations this year Analysis

17% of homeowners plan renovations this year

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.