The bank will issue 303.393.911 new shares with a face value of RON1.
Additionally, the bank proposed redeeming 0.9% of its own shares at a maximum price of RON2 a share. The redeemed shares would be used for an employee loyalty program that is projected to unfold for a period of at least three years.
The proposals are subject to shareholder approval at a meeting scheduled for 29-30 April.
Banca Transilvania reported a net profit of RON320.4 million in 2012, 40% higher on the year. The bank’s assets rose 15% to RON29.57 million.
Banca Transilvania has a widespread ownership, with European Bank for Reconstruction and Development holding a 14.61% stake, followed by Bank of Cyprus with 9.7%.
On the Bucharest bourse Wednesday, Banca Transilvania closed down 1.29% at RON1.451 a share, in a declining market. (EUR1=RON4.4032)