This is the second capital increase this year. In March, OTP Bank raised its share capital by RON140 million, from around RON543 million.
OTP Bank Romania is 99.99%-owned by OTP Bank Nyrt.
Hungary’s OTP Bank provides financial services in Hungary, Romania, Montenegro, Croatia, Bulgaria, Russia, Ukraine, Slovakia and Serbia, through almost 1500 branch offices, its ATM network and electronic channels.
OTP Bank Romania reported a loss after taxes of EUR7 million in the first nine months, from profit a year earlier, hurt by higher provisions. OTP said provisions for possible loan losses rose 43% on the year to EUR24.4 million. (EUR1=RON4.5388)