The Ministry of Finance announces new capitalisation of BancoEstado for up to $1.5 billion

The Ministry of Finance announced that it will introduce a bill authorising a new capitalisation of Banco Estado of up to $1.5 billion, among other measures, to facilitate compliance with Basel III standards. In a statement, the portfolio said that the capital increase may be carried out until 31 December 2025 and will aim to allow BancoEstado to meet capital requirements in accordance with Basel III standards.

Source: Emol