Romania's Banca Transilvania buys back 1.85 mln own shares

Banca Transilvania paid a total of some 4.7 million lei for the share repurchases during the review period, the lender said in a bourse filing.

In September, Banca Transilvania said it will seek to buy back a total of 15 million of its own shares for up to 60 million lei.The bank will offer to pay a minimum price equal to the market price on the Bucharest bourse at the moment of the purchase and 4 lei at most, the bank said at the time.

The bank's capital is divided into 5,215,917,925 shares with a par value of 1 leu each, according bourse data.

As at 15:00 CET on Monday, Banca Transilvania shares traded 1.17% higher at 2.605 lei on the Bucharest Stock Exchange.

(1 euro = 4.78 lei)