Texim Bank to Start Trading on Sofia Bourse Feb 13

Texim Bank to Start Trading on Sofia Bourse Feb 13

Bulgaria's Texim Bank shares will start trading on the Bulgarian Stock Exchange (BSE) on February 13, the bourse said on Monday.

The local lender will be traded on the Standard Equities segment under 5CP code, the BSE said in a statement published on its website.

The indicative reference price has been set at 1.2 levs ($0.82/0.61 euro) per share for the first trading session.

Texim Bank capital consists of 27,995,036 shares with a par value of 1.0 lev each. The lender got regulatory clearance to launch an initial public offering (IPO) in early November and was entered into the country's registry of public companies in the beginning of February.

Texim Bank (www.teximbank.bg) was the smallest bank by assets in Bulgaria at the end of last year, according to central bank data. Twenty-four locally-registered banks and the branches of seven foreign lenders operate in the country.

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