MKB Romexterra plans to issue 91.688 new shares with a face value of RON0.77.
The proposal is subject to shareholder approval at a meeting due April 19.
The shareholders will also discuss the conversion into shares of MKB Romexterra Bank’s EUR5 million debt to the mother bank MKB Bank Zrt, as well as changing the bank’s name into Nextebank.
Founded in 1993, MKB Romexterra Bank was purchased by Hungary’s MKB Bank in 2006. MKB Bank is owned by German Bayerrische Landesbank.