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Bank of Okinawa to increase capital

Date Posted: 2001-07-28

The Bank of Okinawa announced that it has finished all the necessary procedures to receive payments for its new shares.

The total value of the new shares was nearly ¥17.6 billion, enough to bring up the bank’s capital ratio to 9.71 percent from previous 7.31. Half of the money will be used to boost the bank’s capital, and the other half will be used for a capital reserve fund.

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