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Capital Bank Kazakhstan mulls 3B tenge capital hike

JSC Capital Bank Kazakhstan will increase its authorized capital by 3 billion Kazakh tenge by issuing new shares to sole shareholder Orifjan Shadiev.

The capital hike is aimed at strengthening the bank's liquidity position, it said March 26, without providing information regarding the timing for the planned increase. At the end of 2017, the authorized capital of the bank stood at 17.1 billion tenge, according to its website.

As of March 26, US$1 was equivalent to 319.29 Kazakh tenge.