The ATE Bank Romania board called a shareholder meeting for September 16, 2011, to discuss the operation.
ATE Bank Greece holds 74.12% in ATE Bank Romania, while International Finance Corporation, member of the World Bank group, holds a 15% stake.
Banks-Insurance
ATE Bank Romania Plans RON84M Share Capital Hike, To RON221M
ATE Bank Romania on Tuesday said it plans a share capital increase of 84.4 million lei (EUR20 million), to RON221 million, which will be subscribed entirely by Greek parent group ATE Bank if other holders refuse to participate.