Erste, majority owner of Romania’s largest ban BCR, has received EUR1.22 billion from the Austrian government and EUR540 million from private investors in the early stages of the crisis in 2009.

In July, the Austrian bank increased its share capital by some EUR660 million to help repay the aid.

Erste reported a 33% drop in its first-half profit to EUR301.2 million, largely due to one-time charges and lower interest income.

At around 1:00 pm in Bucharest, Erste’s shares traded up 3.35% at 111.1 lei (EUR25.02), amid a rising market.

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