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Bancpost shareholders called to come up with 55m euros for capital increase

04.01.2009, 17:14 8

Shareholders of Bancpost, one of the top ten banks on the market are called to contribute 214 million RON (nearly 55 million euros) in cash for a capital increase. The capital is thus expected to reach over 662 million RON (nearly 170 million euros). The decision for a capital increase will be submitted for shareholder approval in an Extraordinary General Meeting of Shareholders called on the 26th of January. Amid an increase in non-performing loans and implicitly in risk provisions, banks are starting to feel pressure put on capital, with the NBR (National Bank of Romania) calling for capital increases if it notices a fast decline in the solvency rate. Bancpost's majority shareholder is Greek group EFG Eurobank, with 77.56% of the capital, while the other shareholders include Financial Investment Companies SIF Banat-Crisana, SIF Transilvania and SIF Oltenia, with 5.13-5.15% of the shares. Additionally, 1.83% is held by individuals, including bank employees.

 

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