The Société Tunisienne de Banque (STB) has been green-lighted by the Financial Market Council, the Tunis Stock Exchange regulatory body, to increase its capital to 652.57 million dinars (approximately US$ 330 million).

The operation, which is within the framework of the recapitalisation of the public bank, will be materialised by the issuance of 130,515,000 shares at the price of 5.800 dinars per action (5 dinars nominal share and 0.800 dinar of share premium), and 21 new shares for every 4 old shares.

The subscription period will be from 03/08/2015 to 01/09/2015 included. The new subscribed shares will generate benefits starting from 1^st July 2015.

At the end of the operation, the capital of STB will increase from US$ 63 million to US$ 393 million.