Rabobank Chile Raising Equity

Rabobank Chile has called an extraordinary shareholder meeting for November 15 to discuss a Tier 1 capital raise, general manager Fernando Cumsille tells LatinFinance. Although a local paper had reported the bank could look to raise up to $40m, Cumsille says the amount has not yet been determined. Cumsille says the bank is raising the funds in order to maintain a strong financial structure and increase its lending limit.