Romania: Banca Transilvania Gives Shares to Employees

Businessn.a. ♦ Published: May 12, 2014; 23:50 ♦ (Vindobona)

As part of the loyalty program, the Romania lender gave almost 10 million shares to its employees.

Banca Romania gives shares to its employees. / Picture: ©

On April 29, the managing board of Banca Transilvania approved the transfer of 9.8 million shares, which equals 0.44 percent of the company’s stake, to its employees as part of a loyalty program.

The shares are worth RON 18.7m (€ 4.2m), have been repurchased for the buyback program, which was approved by the shareholders during the general meeting in April. Banca Transilvania…