Shareholders approved a resolution in August to raise the lender’s share capital by up to RON100 million, to RON374 million, by issuing 1 billion new nominative, ordinary, dematerialized shares each with a nominal value of RON0.1/share.
Following the end of the period for the exercising of preemptive rights on October 22, the bank’s capital increased by RON37.3 million, as only 373.6 million shares were subscribed.
The board decided to cancel the second stage of the share capital increase operation that would have extended the subscription offer to third parties.
Patria Bank operates on the Romanian market since May 2017, as it resulted from the merger of Banca Carpatica and Patria Bank (formerly Nextebank). The bank’s net assets stood at RON3.44 billion end-June, down 5,5% compared with end-2017.
Patria Bank’s majority shareholder is investment fund EEAF Financial Services, via Axxess Capital.