Following the move, the bank’s share capital rose to EUR245.7 million.
“With this capital increase, Garanti Bank will further grow its competitiveness in the market,” said Ufuk Tandogan, General Manager of Garanti Bank Romania.
GarantiBank started its activity in Romania in 1998, as the local subsidiary of GarantiBank International N.V., owned by Turkish financial group Garanti Bank.
The group reported consolidated net assets of EUR1.8 million in Romania, where it operates Garanti Bank, Garanti Leasing, Garanti Credite de Consum and Garanti Credite Ipotecare.