The Financial Supervision Commission (FSC) registered Frist Investment Bank as a public company. The FSC also registered the bank's stock emission worth 110 mln leva allocated in 110 mln shares with a face value of 1 lev, representing the legal registered amount of the bank's capital.

At the beginning of the week the bank announced that trade with its stock on the BSE is expected to start June 22.

As a result of the IPO the number of shareholders in FIB increased to 3300 persons. Foreign investors have acquired 52% of the stock offered in the IPO and 67% of it were acquired by institutional investors.

Shares subscription was worth a total of 1 317 898 070 leva – which means oversubscription was 5.97 times (the IPO price was set at 10,70 leva). A total of 176 550 000 leva was paid for the allocated shares and the amount generated by the bank was 107 000 000 leva.

FIB's 1Q net profit stands at 10.114 mln leva compared with 5.392 mln leva a year ago. Towards 31 March the bank's assets are in the amount of 3.06 bln leva and its shared capital is178.2 mln leva.

Principal shareholders in First Investment Bank are Ivaylo Mutafchiev and Tseko Minev who control 28.94% of the capital each, and Legano Enterprise Limited has 7.68%.