Intesa San Paolo Bank increases capital by EUR 75 mln

Intesa San Paolo Bank has increased its capital by RON 323 million (EUR 75 million), by issuing new shares, leading to an increase of 65 percent in capital from RON 491 million to RON 814 million. This operation left the shareholders’ structure unchanged. Intesa Sanpaolo owns 99.6 percent of shares, while Intesa Sanpaolo Holding International 0.39 percent.

The capital increase will also sustain the merger between Intesa Sanpaolo Bank and CR Firenze that should take place in the first half of next year.

“Intesa Sanpaolo Group is one of the most solid financial institutions in the world with an adequate level of capital, fact confirmed also by the latest estimation of EBA. According to this Intesa Sanpaolo is one the two European financial groups present in Romania who doesn’t need additional capital. In the current economic context the support of our strong shareholders is an important competitive advantage and a sign of trust for all our partners and in the future of the country”, stated Ezio Salvai, CEO Intesa Sanpaolo Bank.

Intesa Sanpaolo Bank is part of Intesa Sanpaolo Group, one of the top banking groups in the Euro zone and the leading player in Italy in the retail, corporate and wealth management business areas.

Ovidiu Posirca

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