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
The European Commission has approved, under EC Treaty state aid rules, an Italian framework temporarily adapting certain existing risk-capital schemes to increase companies' financing possibilities during the current economic crisis.
more »
The European Commission has authorised, under EC Treaty state aid rules, a Maltese measure to help businesses to deal with the current economic crisis.
more »
We're making progress. That's the word from Treasury Secretary Tim Geithner about settling the financial markets.
more »
According to a new report released by NextGen Research, global markets for financial kiosks and enhanced ATMs will grow at a compound annual rate of 9 percent, to include more than 186,000 financial kiosks and nearly 2.5 million ATMs by 2013.
more »
Non-farming Latvians are buying pigs to beat the economic crisis.
more »
Is your money well spent at EU level? Every year, in April, the EP concludes its examination of EU spending for the financial year closed 16 months previously.
more »
In the construction sector, seasonally adjusted production1 decreased by 1.0% in the euro area2 (EA16) and by 2.1% in the EU272 in March 2009.
more »
Between 2000 and 2008, EU27 trade in goods with Russia more than tripled in value, with EU27 exports to Russia rising to 105 bn euro in 2008 from 23 bn in 2000.
more »
The European Commission has launched today a call for proposals covering key energy infrastructure projects such as energy interconnections, offshore wind energy and carbon capture and storage as part of the implementation of the EEPR.
more »
During its plenary session on 13 May 2009, the European Economic and Social Committee adopted a key opinion on responding to the crisis in the European automotive industry.
more »