Dominet Bank (Poland) has received the green light from the Banking Supervision Commission to credit a bond issue to its own funds
Published:
24 September 2004 y., Friday
Dominet Bank (Poland) has received the green light from the Banking Supervision Commission (KNB) to credit a bond issue to its own funds.
As a result the bank has gone ahead with the first tranche of the issue worth zł.30 million, which has increased its capital to more than zł.103 million and its solvency ratio to 12.4%. "The bond issue program was organized by BRE Bank. This is the first time on the market that such a transaction was executed between two unrelated entities where a bank was the issuer. KNB has also allowed free trading of these bonds," said Agnieszka Czuba, the director of the financial markets department at BRE. The whole value of the issue is to amount to zł.80 million. The next tranche is planned for mid 2005. According to regulations, capital obtained in such a way cannot exceed 50% of basic funds, therefore part of the stake will be aimed at the main shareholders, namely Dominet and Merrill Lynch.
Šaltinis:
wbj.pl
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
A record 131 economies around the globe reformed business regulation in 2008/09, according to the IFC–World Bank Doing Business 2010 report.
more »
The World Bank’s Board of Directors today approved a US$5 million grant to improve the quality of electricity services in Haiti and strengthen the financial and operational performance of Electricité d’Haïti, the public electricity utility.
more »
Firuza Ziyoeva, a 42-year old mother of five, lacks any sustainable income for her family – her husband is unable to work due to disabilities and their children are all young.
more »
The Managing Director of the International Monetary Fund (IMF), Mr. Dominique Strauss-Kahn, made the following statement today regarding Singapore’s commitment to increase fourfold its contribution to the Fund’s New Arrangements to Borrow (NAB) by US$1.5 billion, to a total of US$2 billion.
more »
Statistics Lithuania reports that, based on non-final data obtained from customs declarations and Intrastat reporting data, exports in I half-year 2009 made LTL 19 billion, while imports – LTL 21.2 billion.
more »
Since 7 September 2009 AB Bank SNORAS for residents and economy subjects begins to distribute a new savings product - certificates of deposits.
more »
“We are 53 diverse countries differently affected by the crisis, 1 billion people that cannot be ignored”. That was the stark message to Members of Parliament's Development Committee from Donald Kaberuka, the head of Africa's Development Bank at a hearing on 3 September in Brussels.
more »
The European Investment Bank has granted a EUR 450 million loan to AENA (Aeropuertos Españoles y Navegación Aérea) for upgrading and expanding Spain’s air traffic control facilities in order to optimise their overall efficiency and ensure that they comply with international regulations.
more »
Statistics Lithuania informs that in August 2009, against July, prices for total industrial production sold increased by 0.9 per cent.
more »
Despite signs the near two-year U.S. recession may be over - Americans are still finding it hard to get a job.
more »