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Bosnia's MF Banka gets 2 new shareholders

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Bosnia's MF Banka gets 2 new shareholders

Germany'sKfW, acting on behalfof the German government, and Dutch development bank jointly acquired a 23.14% stake inMF banka a.d. BanjaLuka.

Eachof the investors purchased an 11.57% holding in the Bosnian lender, whosecapital reached 40.8 million Bosnian convertible marka following thetransaction.

MFBanka said the two investors will bring practical knowledge and experience, aswell as best banking practices and risk management principles. The lender also saidit hopes that the arrival of the new shareholders will help it access newcapital markets.

As of April 26, US$1 wasequivalent to 1.73 Bosnian convertible marka.