Parent-banks increase injections in their Romanian subsidiaries

The financial Portuguese group Millennium bcp and the National Bank of Greece capitalized their Romanian subsidiaries with more than 100 million euros in February, three times the amount in the similar month of the previous year, according to NewsIn.

Banca Romaneasca, majority owned by the National Bank of Greece with 89.07 percent of the shares, hiked its capital by 43.5 million euros. Millennium Bank Romania received a capital inflow of more than 37 million euros.

A single capital hike was recorded in February 2008 on the Romanian bank market, when Millennium Bank received 23.89 million euros.

The second month of the year also saw capital injections in Romstal Leasing IFN, which received 16.15 million lei, and in the insurance broker Allianz Direct, which reported an inflow of 788,900 euros.

The total capital injections in Romania's financial market amounted to 192.7 million euros, out of which the insurance companies received more than half, respectively 98.32 million euros. Foreigners injected 33.36 million euros in January in their subsidiaries on the Romanian market, a 50 percent year-on-year drop, data show.


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