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Bucharest
January 16, 2021
BUSINESS

Parent banks inject 525 million euros in Romanian branches

Parent banks injected 525.5 million euros January through April this year in their Romanian branches, compared to 12.94 million in the same period last year, shows the National Trade Register Office (ONRC).
Thus, Volksbank Romania benefited from the largest capital infusion – 482. 14 million euros in March, followed by OTP Bank – 39.09 million euros in January.
Romania International Bank also received 3.15 million euros in February, and Libra Internet Bank got 1.12 million euros in March, from their parent banks.
Banca Transilvania completed the acquisition this year of 100 percent in Volksbank Romania, from Osterreichische Volksbanken AG, Groupe BPCE, DZ Bank AG and WGZ Bank AG; the value of the transition was not disclosed.
In 2014, OTP, one of the most important independent loaners in Central and Eastern Europe, took over two smaller banks, namely Banco Popolare of Croatia and Millenium Bank of Romania.
Also in 2014, OTP Bank increased its share capital by 11.7 million euros in April, and Libra Internet Bank received 1.77 million euros in March.
The monthly data released by the Trade Register refer to the first 40 companies that received capital, based on the value of the amounts

 

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