Skopje, 18 October 2007
Press release of the NBRM
On October 17, 2007, the Governor of the National Bank of the Republic of Macedonia adopted a Decision on issuing prior approval to "Alfa Finans Holding AD) from Bulgaria for acquiring 100% of the total number of shares in "Internacionalna Privatna Banka" a.d. Skopje. The transaction for acquisition of the shares should be conducted within 180 days from the day of obtaining the approval of the Governor.
Within the Holding, there is a financial part, comprising of a fund management company, two investment funds, a company for purchasing/selling of claims, a company for purchasing and managing real estate, and a company - main securities dealer in Bulgaria. These companies are licensed by the Financial Supervision Commission of Bulgaria. Holding's operations are mainly concentrated in Bulgaria, but also in the region of Serbia, Turkey, Ukraine and Romania.
In line with the consolidated financial reports, the total potential of the Holding at the end of 2006 was Euro 118.7 million, while its capital position stood at Euro 40 million.
Governor's Office
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