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DenizBank to increase capital by 1.5B Turkish lira

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DenizBank to increase capital by 1.5B Turkish lira

PAO Sberbankof Russia unit DenizBank AS said April 1 that it applied for approval fromthe Capital Markets Board of Turkey to increase its capital by 1.5 billion Turkishlira.

The capital raise, half of which will be realized usinginternal resources, will bring the bank's capital to 3,316,100,000 lira.

As of April 1, US$1was equivalent to 2.83 Turkish lira.