www.balkans.com - In its latest Board meeting, Albaraka Turk decided to increase its paid in capital by TRY 361mn to TRY 900mn. As of 2011, Albaraka Turk is operating with a CAR of 12.5%. After the full implementation of the Basel II requirements, we estimate the CAR to decline by 100-120bps. Therefore, the decision will be a good step to enhance the overall capital base. (source)
Source: http://www.balkans.com/open-news.php?uniquenumber=141286- April 5, 2012
