Romanian lender Banca Romaneasca to hike share capital by 43.8%, to EUR 152m

The bank will reach 565.71 million lei (151.76 million euros) share capital, versus 393.21 million lei at present. It will release 86.25 million shares, with a face value of 2 lei.

Banca Romaneasca posted 8 percent  hike in profit last year against the previous, reaching 12 million euros, owing to the doubling its loan portfolio. The company cut ribbon for 46 new units in 2007, expanding its national network to 122 units. It counted 1,539 employees, up 41 percent against the previous year.

The lender is majority owned by NBG, the largest Greek bank, which holds 88.7 percent. The rest of 10.17 percent belongs to the European Bank of Reconstruction and Development (EBRD).

Source: NewsIn