Foreign banks subsidiaries up capital by 593.8 million euros in 9 months

The parent banks capitalised their Romanian subsidiaries by 593.83 million euros in the nine months of this year as compared to 113.46 million euros in the same period a year ago, according to figures made public by the National Trade Register Office on Monday.
The greatest capital infusion was made into Volksbank Romania, by 482.14 million euros in March, then OTP Bank Romania by 39.09 million euros in January and Unicredit Tiriac Bank by 38.13 million euros in June.
A significant capital increase was made in September, when the Greeks owning Piraeus Bank injected 23.95 million euros. Idea Bank upped its share capital by 4.47 million euros in June. Idea Bank also received another capital infusion this year, namely 1.78 million euros in September.
Romanian International Bank increased its share capital by 3.15 million euros in February, while Libra Internet Bank got 1.12 million euros more to its share capital in March.
Some of the most important capital increases this year were made by Volksbank Romania, OTP Bank Romania and Unicredit Tiriac Bank.
Banca Transilvania bank this year finalised the purchase of 100 percent of Volksbank Romania stocks from Osterreichische Volksbanken, Groupe BPCE, DZ Bank and WGZ Bank. The transaction value was not disclosed.
In 2014, OTP, one of the most important independent creditors in Central and Eastern Europe, took over two smaller banks, namely Banco Popolare of Croatia and Millenium Bank of Romania.
Bank Austria, a division of Italian bank group UniCredit announced in early January that it increased its stake in its Romanian division, UniCredit Tiriac Bank, to 95.6 percent from 50.5 percent by taking over a 45 percent block of shares from Romanian businessman Ion Tiriac.
The data published by the Trade Register on a monthly basis includes the top-40 companies having received a capital increase by the size of the allotted amounts.

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