ECONOMY FINANCE&BANKING

Romanian financial market attracts foreign shareholding worth over 37 million euros in September and October

The companies active on the Romanian financial market received capital injections amounting to 37.6 million euros from foreign shareholders in September and October, more than double compared to the same period of 2014, when they totalled 15.2 million euros, according to data released by the National Trade Register Officer (ONRC).

Almost three quarters (73pct) of the amount attracted by companies on the financial market in September and October, namely 27.4 million euros, represented investments in subsidiaries of foreign banks.

A large capital increase of 23.95 million euros was operated by the Greek shareholders of Piraeus Bank Romania, in September, while Fortis Lease Romania received an input of capital worth 3.39 million euros in September.

Mercedes Benz Leasing IFN increased its share capital by 3.2 million euros (in September), and Credit Agricole Bank Romania by 3.2 million euros, in October. Idea Bank increased its share capital by 1.78 million euros in September and by 939,900 euros in October, and Libra Bank by 745,100 euros, in October. Moreover, in September the shareholders of Credius IFN brought the capital of the company to 437,600 euros.

ONRC monthly-released data include the first 40 companies having recorded an input in their share capital, according to the amounts received.

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