OTP Bank Romania said it invested in opening new units, raising its digital capacity, renewing its marketing strategy and hiring 200 people.
“These actions and a 13% growth in our loan portfolio raised the need for additional capital, recently provided by the parent bank,” the lender said.
The capital hike was approved in a general shareholders meeting of March 19.
Additional capital will ensure a comfortable position for the local lender for the remainder of the year and will support its lending activity, it said.