September 21 (SeeNews) - Romania's Patria Bank [BSE:PBK], formerly known as Nextebank, said that it has received the financial regulator's approval to increase its share capital by 100 million lei ($25 million/ 21 million euro).
Patria Bank will first offer existing shareholders the option of buying one billion shares at a price of 0.1 lei per share, it said in a statement filed with the Bucharest Stock Exchange (BVB) late on Thursday.
The offer is valid from September 21 to October 22 and is being intermediated by the brokerage division of financial group BRD Societe Generale.
The bank last increased its capital in July 2017, by 156 million lei. Patria Bank currently has a share capital of 274 million lei.
In July, the bank has accessed 20 million euro ($23.3 million) in financing from the European Investment Fund (EIF) to grant loans under the Employment and Social Innovation (EaSI) programme.
Patria Bank Romania is owned by Patria Bank Group, whose main shareholder is the Emerging Europe Accession Fund (EEAF) equity fund.
In April 2017, a Bucharest court approved the merger of Romanian lender Banca Comerciala Carpatica and its majority owner Patria Bank.
Patria Bank's shares traded 0.22% higher at 0.0920 lei on Friday at 0934 CET on the BVB.
(1 euro=4.6519 lei)
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