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Argentina's Integrity Seguros announces capital increase

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Argentina's Integrity Seguros announces capital increase

announceda capital injection of 38 million Argentine pesos, effective March 2016, to strengthenthe company's coverage margin and minimum capital levels.

The capitalcorresponds to part of the firm's profit from the second half of 2015, which totaled44 million pesos, according to an April 4 press release.

The capitalincrease is a sign of shareholder confidence in the company's growth plans afterit adopted a new business strategy in 2014, CEO Edgardo Narbais said.

As of April 4, US$1 was equivalentto 14.77 Argentine pesos.