Business News

Shareholders Approve Capital Hike for DBS Bank

Ljubljana, 14 October (STA) - The small privately-owned DBS bank will get a capital injection, as demanded by the regulator, after its shareholders approved a cash injection of EUR 10m at a meeting on Tuesday.

Responding to capital requirements imposed by central bank Banka Slovenije recently, the shareholders approved the capital hike with the issue of up to 1.11 million new shares priced at EUR 9 apiece.

Existing shareholders will have preemptive rights to acquire the shares. At least EUR 4.6m in new shares must be sold for the capital hike to be deemed successful.

The bank hopes to complete the issue of new shares by 31 December.

The banking regulator on 1 July ordered DBS to increase its capital adequacy ratio to at least 11.4% and the Tier 1 capital ratio to 9.1%.

DBS is in majority ownership of cooperatives, with the Kapitalska zadruga cooperative holding 51.28% together with publisher Kmečki glas. Financial firm KD Group owns a 14.76% stake.

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