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October 4, 2022
ECONOMYFINANCE&BANKING

Romanian branches receive over 568 million euros from parent banks in H1

The parent bank have capitalised their subsidiaries of Romania by 568.1 million euros in the first six months of this year, as compared to 104.46 million euros in the same period of the last year, according to data released by the National Trade Register Office (ONRC).

So, the greatest capital infusion was received by Volksbank Romania (482.14 million euros, in March), followed by OTP Bank Romania, with 39.09 million euros, in January, and Unicredit Tiriac Bank, with 38.13 million euros in June. It was also in June that the social capital of Idea Bank (former Romanian International bank, RIB) grew by 4.47 million euros.

RIB had increased its social capital by 3.15 million euros in February, while Libra Internet Bank had received 1.12 million euros in March.

Banca Transilvania (BT) has finalized this year the acquisition of 100pct of the Volksbank Romania shares in Osterreichische Volksbanken, Groupe BPCE, DZ Bank and WGZ Bank. The transaction’s value was not made public.

In 2014, OTP, one of the most important independent creditors of Central and Eastern Europe, has taken over two smaller banks, Banco Popolare of Croatia and Millennium Bank of Romania, respectively. In April 2014, OTP Bank Romania has increased its social capital by 11.17 million euros.

Bank Austria, a division of the UniCredit Italian banking group, has announced at the beginning of June, that it has increased its participation in its Romania division, UniCredit Tiriac Bank, from 50.5pct up to 95.6pct in shares, by taking over the 45pct package held by businessman Ion Tiriac.

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