Following the move, ATE Bank Greece upped its stake in the Romanian lender to 84%, from 74.13% previously.
“The decision to increase the share capital of ATE Bank Romania reflects the commitment to support the bank’s activity taken by its management and by its majority shareholder,” said Sotirios Skandamis, Chief Executive Officer of ATE Bank Romania.
The Greek bank said in October that it plans to sell its stake in ATE Bank Romania, under a restructuring program announced earlier this year.