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Croatian National Bank gives Czech bank consent to buy stake in Centar Banka

Autor: half
ZAGREB, Sept 2 (Hina) - The Croatian National Bank Council on Monday gave its consent to the Czech J&T bank to acquire a qualified stake which makes up more than 50 per cent of Centar Banka Zagreb's equity, the central bank said.

The consent was given to J&T's requests of August 30 and September 2, and requires that the Czech bank inject fresh capital into Centar Banka in accordance with a decision of the latter bank's shareholders' assembly of August 16.

Under said decision, Centar Banka shareholders accepted J&T's offer to inject HRK 75 million into the bank. After that, J&T said it was willing to invest HRK 150 million in two rounds.

The Centar Banka shareholders' assembly also decided to increase the bank's equity to HRK 113.5 million. Shareholders were offered the possibility to participate in the recapitalisation at HRK 10 per share.

The Czech bank is part of the J&T Group.

(EUR 1 = HRK 7.5)

(Hina) ha

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