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Report: Türkiye Kalkınma Bankası to increase capital through rights issues

TürkiyeKalkinma Bankasi AS decided to increase its capital by 340 millionTurkish lira through rights issues, Bloomberg HT reported Sept. 30, citing astatement from the bank.

The issued capital of the bank will be augmented by 212.5%to reach 500 million lira from the current 160 million lira.

As of Sept. 30, US$1was equivalent to 3.00 Turkish lira.