Business News

Probanka Looking for EUR 50m Capital Increase

Maribor, 29 April (STA) - The shareholders of Probanka, a small Maribor-based private bank, voted on Monday in favour of a capital increase of up to EUR 50m, which would raise the bank's share capital from EUR 17.93m to a maximum of EUR 68m.

The decision, setting the issue price at EUR 4.20 per share, was taken without the two biggest shareholders, poultry producer Perutnina Ptuj and investment company Medaljon, whose voting rights and possibility of acquiring a qualifying stake were taken away by central bank Banka Slovenije in November last year.

The less than 50% of shareholders present included representatives of car dealership Auvotehna, prefabricated construction maker Trimo, beverage company Pivovarna Laško and household appliance maker Gorenje.

Probanka's management already announced in December last year it would do all that is needed to secure a capital rise, possible in the first half of 2013.

The bank has said it is looking for investors intensively. There has been talk of potential Slovenian capital, but also of possible investors from neighbouring countries as well as potentially two or three from outside the eurozone. If the rise fails, Probanka plans to adjust its operations.

The bank announced it would present its results for 2013 at a press conference on Tuesday. It reported a net loss of EUR 30.2m after the first nine months after posting a EUR 1.7m net profit in the same period in 2011.

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