EFG to inject EUR 20 mln in Bancpost by end-2011

Eurobank EFG plans to inject around EUR 20 million in capital for its Romanian branch, Bancpost. This statement was made by Mihai Bogza, chairman of Bancpost, for Bloomberg. The shareholders of Bancpost want to raise the bank’s solvency rate that currently stands at 13.6 percent, under Romanian accounting standards.

Bancpost joins the club of banks that will receive additional capital. BCR will receive around RON 618 million from Erste Group Bank, while Volksbank will receive up to EUR 200 million in additional capital by the end of 2011.

Ovidiu Posirca