The FSC Okays Investbank's IPO Prospectus

The FSC Okays Investbank's IPO Prospectus

Investbank secured regulatory approval of its prospectus for initial public offering of shares issued as a result of the bank's capital increase. The Financial Supervision Commission (FSC) approved the paper at its meeting today.

The issue consists of 10,000,000 shares with a face value of 1 leva. The shares' issuing price will be in the range between 5.9 and 7.2 leva. The FSC has included the issue in the public register.

The bank's core activity is asset management, including corporate banking and retail banking, as well as services related to management of liabilities – deposits, debit and credit cards etc.

Investbnak Jsc is a subsidiary of Festa Holding Jsv, which is its main shareholder, controlling 70.1% of the bank's capital.

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