Credit Europe Bank Romania To Hike Capital by 125% to 675 Mln Lei (176 Mln Euro)

"The fresh funds will also help secure the stability of the bank in the context of the global financial crisis,” the bank said in a statement.

Further details were not immediately available.

Credit Europe Bank Romania (www.crediteruope.ro) is majority owned by Dutch-based Credit Europe Bank. It had a 1.8% market share in terms of assets in Romania at the end of 2007. It has more than 400,000 clients.

(1 euro = 3.8293 Romanian lei)