Karlovacka Banka d.d. (ZGSE:KABA-R-A) announced a private placement of ordinary shares for gross proceeds of HRK 40,000,000 on July 2, 2014. The transaction has been approved at general meeting of its shareholders.

On July 17, 2014, Karlovacka Banka d.d. closed the transaction. The company issued 4,000,000 series B ordinary shares at HRK 10 per share.