BUCHAREST (Romania), July 19 (SeeNews) – Romania's Banca Transilvania [BSE:TLV] said on Wednesday it has increased its share capital by 695 million lei ($176 million/153 million euro), by issuing 695 million new shares with a nominal value of 1 leu each.
Following the increase, the bank’s share capital stands at 4.34 billion lei, the lender said in a statement filed with the Bucharest Stock Exchange, BVB.
Blue-chip Banca Transilvania is the largest Romanian privately-owned bank. It booked a net profit of 1.23 billion lei in 2016, as compared to record high 2.41 billion lei profit in 2015 following its merger with Volksbank.
In the first quarter of 2017, Banca Transilvania's net profit rose by an annual 7.7% to 246 million lei, helped by increased efficiency of operations. The bank's assets totalled 51.88 billion lei at the end of March, up 0.23% year-on-year.
In April, the bank said it will distribute 219 million lei in cash dividend for last year.
Banca Transilvania's shares were traded 0.87% higher at 2.91 lei on the BVB as at 1052 CET on Wednesday
(1 euro=4.5595 lei)
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