Erste Group Supports Romanian BCR

Businessn.a. ♦ Published: November 7, 2012; 20:06 ♦ (Vindobona)

The Austrian bank Erste Group injects € 111m in Romanian BCR.

Erste Group Supports Romanian BCR / Picture: © BCR Banca Comercială Română

Erste Group plans to improve BCR´s (Banka Comerciala Romana) capital base through a capital increase. The size of the capital increase reaches about € 111m, “Wirtschaftsblatt” reports. In total, 770 million new shares will be issued. At the moment, Erste Group holds about 93.3% of BCR´s shares. According to Erste Group, the capital increase will help BCR to manage the difficult…