The share capital increase is part of the Polish group’s strategy to develop and consolidate its position on the Romanian market.
A similar operation was carried out in the fall of 2014, when Getin Holding increased RIB’s share capital by RON39.64 million (EUR9 million), to RON123 million, and granted it a subordinated loan of EUR2.5 million.
Getin Holding entered the Romanian market at the end of 2013, when it bought RIB. In 2014, the Polish group acquired VB Leasing Romania and the operation was completed last autumn. VB Leasing Romania will continue to operate under the name of Idea Leasing, the brand under which the Polish group operates in Poland, Russia, Ukraine and Belarus.
RIB, present on the Romanian market since 1998, has a 34-unit local network, of which 15 in capital city Bucharest.
Getin Holding, founded by businessman by Leszek Czarnecki, is one of the largest companies listed on the Warsaw Stock Exchange. Czarnecki holds 55.8% of Getin Holding shares.