ATE Bank Romania increased the share capital

ATE Bank Romania announces the completion of the procedures of increasing the share capital with the amount of 84,472,000 lei (equivalent to 20 million euro).

Following this capital increase, decided by the Extraordinary General Meeting of Shareholders on September 16th, 2011, ATE Bank Romania's share capital amounts now to 220,942,588 lei (equivalent to 50,791,400 euro). 

Also, the stake of the majority shareholder ATE Bank Greece has risen to 84%, from the 74.13% it held previously to the share capital increase. 

"The decision of increasing the share capital of ATE Bank Romania, adopted in the context of an extremely difficult international and local economic climate, reflects the commitment in sustaining the bank's activity expressed by both the Management of ATE Bank Romania, and the main shareholder, ATE Bank Greece”, Sotirios Skandamis, President - General Manager of ATE Bank Romania, said.