trending Market Intelligence /marketintelligence/en/news-insights/trending/Jja9forKdn93iHqYjJNzMQ2 content esgSubNav
In This List

Interim administrator invites external investors to recapitalize Atlas banka

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Interim administrator invites external investors to recapitalize Atlas banka

The interim administrator of Atlas banka AD Podgorica has launched a public call for its €22 million recapitalization, inviting investors that are not existing shareholders of the bank to subscribe for new shares.

The Montenegro-based bank, whose existing shareholders failed to provide the required capital boost, plans to issue 88,710 shares with a par value of €248 apiece, and investors will have 20 days to purchase the shares, starting from March 11. The issue will be considered successful if the entire share issue is subscribed and paid for within the deadline, Atlas Banka said March 9.

Montenegro's central bank placed Atlas Banka and its sister unit Invest Banka into temporary administration in December 2018, after an audit showed that the two lenders' capital did not meet minimum risk requirements. Invest Banka's license was revoked in January 2019.