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Lombard Bank Malta p.l.c announced a rights issue of 2 New Ordinary Shares for every 3 Shares held as at the Record Date at an Offer Price of €0.75 per New Ordinary Share. The Rights issue will be offered to the existing shareholders appearing on the register of members as at the Record Date, being the close of business on the 19th September 2023.
Lombard Bank offers a full range of traditional commercial and retail banking services to the local market through its branches and distribution network. Its main business lines include deposit-taking and lending to its customers with a focus on providing a personalised service. In recent years, the Bank was also gradually increasing its exposure to the home loans sector and expanding its card business.
More info about this rights issue on this link.
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