BOŚ Bank to issue shares worth PLN 400 mln

State-controlled Bank Ochrony Środowiska (BOŚ Bank) concluded its ex-rights issue of 40 million U-series shares, the bank informed in a statement. The value of each share stands at PLN 10, bringing PLN 400 million in total in fresh capital. Recently, BOŚ Bank informed it plans to achieve return on equity (ROE) of 7 percent on PLN 140 million annual profits by 2020, and return on assets to 0.7 percent for 2020. BOŚ Bank is a commercial lender specializing in supporting undertakings and activities contributing to environmental protection. It has been listed on the WSE since 1997.