Romanian bank Carpatica owners ok cap hike, reject merger with Nextebank

Carpatica plans to increase its share capital by up to 155 million lei ($43 million/35 million euro) through the issue of new ordinary shares in one or more tranches over a period of one year, the bank said in a statement filed with the Bucharest Stock Exchange following a shareholders' meeting held on December 19.

Romanian news agency Mediafax has reported Nextebank is owned by Emerging Europe Accession Fund, an investment fund administered by local businessman Horia Manda through Axxess Capital.

Earlier this year Banca Carpatica's shareholders mandated the management to seek a candidate for a merger in a bid to consolidate its market position.

The bank is headquartered in the central city of Sibiu. At the end of September, it had a network of 129 units and 975 employees. 

(1 euro = 4.4679 Romanian lei)