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Eximbank Gruppo Veneto Banca increased the paid-up capital to MDL 635.0 million
On November 29, 2007 Eximbank finalized the procedure of increasing by MDL 250.0 million (the equivalent of EUR 15.0 million) of the paid-up capital after the registration of modifications to the bank’s statute with the State Registration Chamber of the Ministry of Informational Development of the Republic of Moldova and the writing in of the information on the 10th emission of shares into the registry of shareholders.

It’s the third increase of the bank paid-up capital after the acquisition of the 100% of Eximbank shares by the Italian banking group Veneto Banca, which allowed the bank to moved on the 2nd position on the local banking system by the Tier-one capital, simultaneously holding the first position by the paid-up capital.

The capitalization of the Bank will permit to increase the amount of the operations directed to financing of the large projects and programs of the corporate clients, to implement a complex program of the mortgage lending, to continue the territorial expansion in the Republic as well as to extend the range of the provided banking products and services, which will contribute to the further consolidation the top-position of Eximbank on the local banking market.

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