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Kutxabank injects €300M into CajaSur Banco

Kutxabank SA has increased the capital of unit CajaSur Banco SAU by €300 million through the issue of 300,000 new shares, CajaSur Banco said in a Dec. 29 regulatory filing.

CajaSur Banco's capital will now total €1.3 billion.

The capital increase will bring CajaSur Banco into line with new ECB capital requirements, Europa Press reported the same day.