The largest capital increase, worth €53.6 mln, was operated by Bancpost, while Banca Romaneasca and Millennium Bank rank second and third, with €43.5 mln and €34 mln, respectively.
Analysts said that these recapitalizations are in response to the outsourcing process, developed by companies within groups. “Banks have undergone an outsourcing process and had to choose between two solutions: capitalizations or subordinated loans. Also, banks increased their share capital to protect even more their solvency indicator, which is affected by the rise in provisions,” the Secretary General of the Chartered Financial Analyst (CFA) Association Romania, Adrian Mitroi, said.
