Kuveyt Turk To Raıse Its Capıtal To Try850 Mln
Turkish Islamic bank Kuveyt Turk Katilim Bankasi AS said Friday it will raise its capital by 300 million Turkish lira ($190.4 million) to TRY850 million.
In a press statement the bank , which is majority-owned by Kuwait Finance House ( KFIN . KW ) , said its capital is currently at TRY550 million .
The equity capital of the bank will reach to $1 billion next year , it also added .
( SB-SB-ENG )