Georgescu, NBR: Banks added EUR500 million to their capitals

Shareholders of local banks have added €500 million to their common capitals in an effort to boost their adequacy ratio.
“Last year, around €500 million were fed into banks’ capitals to improve adequacy ratio which topped 14% industry-wide”, said Florin Georgescu, first vice governor at the National Bank of Romania.

The majority of capital hike actions were made at the request of the National Bank of Romania, but in case of other credit institutions, there was a self-initiative measure.

The statutory capital adequacy ratio is 8% for credit institutions in Romania, but the central bank recommended banks to keep CAR above 10%.

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