ZF reported in mid last week, quoting financial market sources, that the recapitalization had been approved in principle by the European Commission.
As a result of the capital increase, the capital of the state-run lender should go up by 80% from RON1.5 billion to RON2.75 billion. State-owned lenders may not be instantly recapitalized, they need the European Commission to approve the move first. Eximbank bought Banca Romaneasca, which put it on the eighth place among lenders in Romania and therefore needs capital to strengthen its position.
Romania notified the European Commission about its plans to recapitalize Exim Banca Romaneasca in September 2024.
(English version by Loredana Fratila-Cristescu)