KUVEYT TURK TO RAISE ITS CAPITAL TO TRY850 MLN

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KUVEYT TURK TO RAISE ITS CAPITAL TO TRY850 MLN
02.07.2010 12:40

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İSTANBUL (İHA) - Turkish Islamic bank Kuveyt Turk Katilim Bankasi AS said Friday it will raise its capital by 300 million Turkish lira ($190.4 million) to TRY850 million.

In a press statement the bank, which is majority-owned by Kuwait Finance House (KFIN.KW), said its capital is currently at TRY550 million.

The equity capital of the bank will reach to $1 billion next year, it also added.
(SB-SB-ENG)

02.07.2010 12:39:30 TSI
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