Odea Bank in Turkey, a subsidiary of the Bank Audi Group, said it will increase its capital by one billion Turkish lira ($342.6 million) through subscriptions from new shareholders and its mother company. The bank had $471 million in equity at the end of 2015.
The International Finance Corp (IFC) and the IFC Financial Institutions Growth Fund will inject a $110 million capital increase while the European Bank for Reconstruction and Development (EBRD) will contribute $90 million. The remai...
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