BOŚ Bank to issue new shares worth PLN 300-600 mln

Listed commercial lender BOŚ Bank will offer between PLN 300 and 600 mln worth of new shares in a non-public offering as it seeks to increase its capital by at least PLN 400 mln to meet increased capital requirements and enable organic growth, the Polish Press Agency (PAP) quoted a market filling. "The aim of the management is to raise capital at a level not lower than PLN 400 mln, which will enable the bank's organic growth . . . and will enable the bank to meet regulatory capital requirements . . .," the filing read. "The value of the new share issue planned by the bank amounts to PLN 300-600 mln," the bank also said. The final size of the issue will be set at the next EGM slated for end-April.