North Macedonian non-life insurer Halk Osiguruvanje, owned by Halk Banka, the local arm of Turkish state-owned lender Halk Bankasi, raised EUR 3 million in a capital increase via a new share issue, SeeNews informed.

According to the insurer, the company issued 300,000 new ordinary shares. Thus, Halk Osiguruvanje's share capital now totals EUR 15.5 million, split into 1.55 million shares.

Halk Osiguruvanje was established in 2007 and has been fully owned by Halk Banka since January, 2019.