Carpatica commercial bank, controlled by businessman Ilie Carabulea, plans to increase its net profit five-fold, to €12.5 million, from profit in 2007 of €2.5 mln.
Shareholders decided to raise the share capital by €2.77 million, to sustain the expansion of the bank’s activity.
Carpatica has 1 percent of the market share in terms of assets, and plans to increase this to 45 percent in 2008. The bank posted gross profit of €709,500 in Q1. Assets reached €614 mln at the end of March 2008.
