Banco Patagonia SA said it plans to raise its capital stock by up to 35.9 million Argentine pesos through the issuance of up to 35.9 million new common class B shares.

The proposal will be on the agenda at a shareholders' meeting scheduled for June 21, according to a regulatory filing dated June 5.

As of June 5, US$1 was equivalent to 16.05 Argentine pesos.