Local bank Banca Comerciala Carpatica (BCC) is in a better position than two years ago, said Johan Gabriels, the bank’s CEO.

The capital reduction to cover bank losses will not affect the shareholders’ holdings. The bank’s funds remain unchanged.

Its shareholders will meet on April 28 to vote on the bank’s capital cut. They will also analyse all available options to increase the capital adequacy ratio. These include capital infusion through a subordinated loan or a merger.

Last week, Banca Comerciala Carpatica announced that it wants to resume talks with representatives of local bank Nextebank to determine conditions for a potential merger. The bank’s management has asked shareholders to resume talks with Nextebank, after they declined the merger offer in December last year.

editor@romania-insider.com