Eximbank capital increases by 182m euros

Shareholders of Eximbank Romania decided on February 9 to increase the bank”s share capital by 651.6 million RON (182 million euros) to up to 758.7 million RON (212 million euros), through a cash contribution. To that end, 108.6 million shares will be issued at a par value of 6 RON. The State Assets Resolution Authority (AVAS) subscribed shares worth 630 million RON (180 million euros), whereas SIF Oltenia contributed 21.6 million RON (6 million euros). The other shareholders, SIF Banat-Crisana, SIF Moldova, SIF Transilvania and SIF Muntenia did not subscribe. As a result of this operation, AVAS increased its stake from 87.41% to 95.37% and SIF Oltenia by almost 0.3% to 3.27%. The other SIFs reduced their stake in Eximbank Romania”s share capital to under 0.5%. ZF