Capital increase at Banca tiriac

Banca tiriac’s Board of Directors has called the extraordinary general meeting of the bank to endorse the increase of the share capital by 340.68bn ROL (nearly $10.5 million). The bank’s capital is worth 664bn ROL at the moment.
The capital increase scheduled is derived from the assets reassessment -108.180bn ROL and from the cash raised by issuing 2.5 million new shares worth 232.5bn ROL, which accounts for a 93,000 ROL/share price, the same as the face value. “The capital increase is directly related to possible investments in the near future. I cannot say anything more for now,” the bank’s chairman, Anthony van der Heijden, said. ZF