ELLA shareholders approve capital raise, subordinated loan
Shareholders of home savings bank ELLA Zrt decided at a general meeting on October 26 to raise capital at the bank to Ft 4 billion, the bank announced on Tuesday.
ELLA has offered retail mortgage loans and related services in Hungary since 1999. The bank has about 62,000 clients and total assets of almost Ft 85 billion. ELLA is indirectly owned by the Royalton Capital Investors investment fund, which concentrates its activities in new EU member states.
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