About 70% of the capital increase went to banks in 2019, which have traditionally attracted the most money over the past few years.
The biggest capital increase was OTP Bank’s. OTP, Hungary’s largest banking group, added RON320 million to the capital of its Romanian subsidiary in August to fuel development plans. OTP Bank Romania is considering several capital increases to be able to fund growth as it seeks to double assets and increase number of customers in Romania so it could reach a 5% market share.
Foreign investors operated capital inflows of some RON180 milion in the insurance industry in Romania.
The highest capital increase in the insurance sector, RON84.15 million, was operated by Asirom in November 2019.
(English version by Loredana Fratila-Cristescu)