BCR OKs share capital hike with money from last yearaa‚¬a„¢s profit

Banca Comerciala Romana (BCR) shareholders approved today the financial situations for 2010, to split the shares and decided on a share capital increase by incorporation of a part of last year’s profit.

BCR’s shareholders have approved changing the value of a share from the nominal value of RON 1.3 to RON 0.1 per share and to amend the number of shares.

The shareholders also approved the increase of BCR’s share capital by RON 55.4 million from last year’ s profit, up to RON 1.08 billion, by issuing a number of 554.271.130 new shares with a value of RON 0.1 / share.

Thus, the shareholders approved the refusal of dividends from last year’s net profit. The constitutive act of BCR will be amended accordingly to these decisions.

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Dana Verdes