ECB increases capital

09:42, December 17, 2010      

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The European Central Bank said Thursday it would double its subscribed capital due to greater volatility in financial markets and interest rates, as well as heightened credit risks.

A statement said the bank would increase subscribed capital to 10.76 billion euros in three stages over the next two years, a total rise of 5 billion euros ($6.6 billion).

Source: Global Times
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