The central bank has allowed Raiffeisen International Bank Holding to retain full ownership in its local subsidiary, the press office of the central bank announced. Raiffeisennbank Bulgaria is planning to operate a capital hike of 82% to BGN 173mn (EUR 88.5mn) with no change in the shareholders structure. Raiffeisennbank Bulgaria increased its net profit by 50.4% y/y to BGN 68mn last year. The assets of the bank soared to BGN 3.9bn at the end of the year to a market share of 9.26%, which is the fourth largest in the local banking sector.
Source: Intellinews-Bulgaria Today