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Venezuela's Banco Nacional de Crédito to increase capital

Banco Nacional de Crédito C.A. Banco Universal said it will ask an extraordinary shareholders' meeting on Dec. 20 to increase the bank's capital by 6.56 billion Venezuelan bolivares through the issuance of 6,555,451,276 ordinary shares worth 1 bolivar each.

As of Nov. 24, US$1 was equivalent to 10.27 Venezuelan bolivares.