Carpatica increases capital

Banca Comerciala (Commercial Bank) Carpatica will operate a 190bn ROL capital increase, by incorporating last year’s profit and the premiums related to the capital increase performed early this year. The bank’s share capital will thus reach 915.6 billion ROL, which will propel Carpatica among the top ten Romanian banks in terms of capital. The bank’s shareholders registered by August 13 are to receive 26.29 free shares for every 100 shares they hold. The bank’s stockholders have also endorsed the bond issue, up to the legal cap of 75% of the share capital. Consequently, the bank’s Board will be able to approve a bond issue worth up to 543 billion ROL, with the interest rate and the maturity to be endorsed by the bank’s management, as well. ZF