Alpha Bank raises capital by 54.9m RON

Alpha Bank Romania recently increased its share capital by 54.9 million RON (549.3 million ROL) to 224.2 million RON, by including the reserves derived from its net profits, a bank release shows. The operation had no impact on shareholder structure. The bank”s most important shareholder, Alpha Bank AE (Greece), owns 95.45%, followed by Banca Monte dei Paschi di Siena Spa, 3.5%, as well as other Greek shareholders with less than 1%. Alpha Bank Romania became operational in August 1994 after being set up by Alpha Bank Group and the European Bank for Reconstruction and Development as Banca Bucuresti (Bucharest Bank). It changed its name to Alpha Bank Romania early in 2000 in order to emphasise its ties with the Greek group. It posted net profits of 56.3 million RON (562.9bn ROL) at the end of 2004, with total revenues reaching 356.4 million RON (3,564.4bn ROL) and assets amounting to 2.87bn RON (28,759.5bn ROL). ZF