Significant Developments: Banks

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Komercijalna Banka AD Skopje Announces Placement of Capital Increase

Komercijalna Banka AD Skopje announced that it has decided to issue 471,000 shares with a nominal value of MKD 6,515 or a total of MKD 3,068,565,000.

PT Bank Victoria International Tbk Revises Rights Issue Schedule

PT Bank Victoria International Tbk announced that it has revised the subscription and payment period of its rights issue to be July 11 to August 25, 2008. It was previously announced on May 28, 2008 that its subscription and payment period will be from July 11 to 17, 2008 to shareholders of record on July 9, 2008.

BofI Holding, Inc. Announces Private Placement of Convertible Preferred Stock

BofI Holding, Inc. announced a private placement of its newly formed Series B - 8% Cumulative Convertible Nonparticipating Perpetual Preferred Stock (the "Series B Preferred"). The Series B Preferred has a liquidation preference of $1,000.00, an 8% dividend rate and is immediately convertible into shares of B of I common stock at a fixed conversion price of $9.00 per share. The net proceeds of the offering will be used for general corporate purposes, including additional capital funding to support asset growth at the Bank. The first $3.8 million of the Series B Preferred offering was closed through today, the end of B of I's fiscal year. The transaction will consist of several closing dates, generally expected to be complete by July 31, 2008.

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