The owners of the newly-issued shares will have to keep the stocks for at least one year. After the last month issuing, the total number of Erste Group shares climbed from 317.01 million to 317.92 million.

The Austrian-based group reported net profit after minority of 232.1 million euros in first quarter, down 25.5% from a prior-year period, on sharp increase in loan risk provisions. In first quarter last year, Erste reported a net profit of 315.6 million euros.

Erste Group’s shares are traded on three stock exchanges (Vienna, Prague and Bucharest). The company’s closing quotation on Friday at BSE was 79.80 lei/share which lifts its market cap to 25.29 billion lei (roughly 6 bn euros).