The state will soon recapitalize Privredna Banka Beograd (PBB), thus meeting a request of the National Bank of Serbia (NBS) for the bank's capital increase due to its reduced capital adequacy ratio, Chairman of the PBB Executive Board Miodrag Salai told eKapija.
Salai was unable to specify the amount of the capital increase, reminding that it would be determined at an extraordinary shareholders' assembly, scheduled for February 6th.
Let us remind that Privredna Banka Beograd has scheduled two meetings of shareholders, at which decisions necessary to overcome the current unenviable financial situation in this bank should be made.
The Managing Board announced that an extraordinary shareholders' assembly would be held on February 6th, adding that the main items on its agenda would be a draft program for the bank's stabilization and an agreement between the bank's shareholders and the Serbian government, which should enable Privredna Banka Beograd to take part in the national program for the preservation of banks' financial stability.
After that, a regular meeting of shareholders will be held on February 20th, and it should be an occasion for making a decision to cover losses at the expense of capital and to reduce the nominal value of shares. Following the adoption of these decisions, shareholders will be discussing a new issue of shares to be offered to a known investor.
Since Slovenia's NKB Maribor has been mentioned in the media as a potential new strategic partner of Privredna Banka Beograd, Salai said to our portal that it was true that negotiations had been conducted with that Slovenian bank, but he also stressed that no concrete solutions had arisen from those talks.
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