The first transactions of shares of First Investment Bank were made at 13 leva per share, however, the stock is currently being traded lower. At the moment, asks are at 12.22 leva per share and bids at 12.06 leva per share.

More than 21,000 shares changed hands during the first 5 minutes of trade. The lowest price so far has been 12.06 leva.

Today is the first day of trade with the stock of the bank, which was floated under the code FIB.

The emission value stands at 110 mln leva (56 242 106.93 euros) allocated in the same number of shares with a face value of 1 lev.

After the IPO, the number of shareholders in the bank reaches 3300 persons.

52% of shares were acquired by foreign investors and 67% by institutional investors.

The orders received in the IPO were for the amount of 1 317 898 070 leva, which means oversubscription was 5.97 times (based on the price per share which was set at 10.70 leva).

A total of 176 550 000 leva (90 293 049.65 euros) was paid for the allocated shares and the amount generated by the bank stood at 107 000 000 leva (54 708 231.2 euros).

First Investment Bank's 1Q profit stands at 10.114 mln leva (5 171 206 euros), compared with 5.392 mln leva (2 756 885.8 euros) a year ago. According to 1Q data, the bank's assets stand at 3.06 bln leva (1 564.5 euros) and its core capital at 178.2 mln leva (91 112 213.2 euros).