ZF English

ABN Amro ups capital by 30m euros

21.12.2005, 19:21 6

ABN Amro Bank Romania has increased its share capital by 30 million euros, to total some 51 million euros, through a contribution in cash from shareholders. "The main goal of this increase is to continue our growth. It''s obvious we would at some point have reached the ceiling imposed by NBR for lending in foreign currency. However, this was not the main reason why we performed the capital increase," Peter Weiss, ABN Amro Romania chairman told ZIARUL FINANCIAR. He says the bank will continue to launch products for individual customers, after having introduced personal loans and housing loans in its portfolio. At the same time, new branches will be opened next year, and the bank will add treasury services for corporate customers. The bank should in this way be able to remain among the top ten players on the market. ZF

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