trending Market Intelligence /marketintelligence/en/news-insights/trending/6vZ-QMI7OpdIPtAgcRcv8g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Bulgaria-based Investbank mulls capital hike

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Report: Bulgaria-based Investbank mulls capital hike

Investbank JSC plans to increase its capital by up to 23.9 million leva via the issuance of new shares, with its shareholders to vote on the proposed capital hike on Feb. 10, SEENews reported.

The bank, whose registered capital currently amounts to approximately 131.7 million leva, plans to offer 21,944,445 shares to existing shareholders at a price of 1 lev per share, according to the Jan. 8 report.

The bank also plans to repay two perpetual bond issues worth 39.2 million leva on condition that their holders agree to invest proceeds from the bond buyback to acquire additional 1,960,500 shares of Investbank. The shares, which have a par value of 1 lev apiece, would therefore be subscribed for a price of 20 leva each, SEENews noted.

Fellow Bulgarian lender First Investment Bank AD also recently announced plans for a capital hike. The 2019 comprehensive assessment of six Bulgarian lenders, carried out by the ECB, uncovered a total capital shortfall of €314.7 million at the two banks, with both lenders saying at the time they had taken measures to address the findings.

As of Jan. 8, US$1 was equivalent to 1.76 Bulgarian leva.