Shareholders will discuss the operation at the general assembly of March 12. The operation will consist in issuing 605 million shares with a face value of RON0.1 per share.
Patria Bank registered a cumulated net loss of RON26.3 million in January-September 2017, similar with RON26.15 million reported in the first six months of 2017.
Patria Bank merged with Banca Carpatica in 2017. Patria Bank president Horia Manda said, upon the completion of the merger, that the plan is to reach a 2.5% market share in five years’ time, compared with little over 1% currently.
The bank is controlled by investment funds administered by Manda, and Ilie Carabulea downs 10.8% of the share capital.