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Banco Pan's board approves capital hike

Banco Pan SA's board of directors Feb. 7 affirmed its approval of a 400 million Brazilian reais capital increase, that was originally proposed in November 2017, according to a regulatory filing.

The capital hike was fully subscribed and paid up at the end of January.

As of Feb. 6, US$1 was equivalent to 3.26 Brazilian reais.