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Romania court registers OTP’s capital raise

A capital raise of Hungarian OTP Bank at its Romanian unit has been registered by the local court, the bank said today in an announcement, according to Hungarian news agency MTI.

(Photo: Jessica Fejos)

The capital of OTP Bank Romania, which is solely owned by the Hungarian business, was raised to RON 1.25 billion, approximately €277 million, MTI reported.

A year ago, OTP raised capital at its Romanian unit to RON 958 mln from RON 783 mln, the raise having been equal to approximately €39 mln calculated at the exchange rate at the time.